Short sale and foreclosure properties are all over the Denver real estate market.  Our company is writing more and more offers on behalf of our clients on these types of properties.  Not the best sign for our local market, but also not surprising given then news over the past year.  The media stories are based on something.  And the truth is that we ARE seeing more and more of these types of deals.

A word of warning: if you put an offer in on a short sale or foreclosure then you are often in for at least a month-long wait.  And that initial month-long wait is just to hear back from the bank.  They will likely counter your offer, or ask for a "highest and best" if there are multiple offers.  Then you start the normal 3-4 weeks til closing.  

Yes, there are some good deals out there.  But if you are shopping Denver's short sale or foreclosure market then you should prepare yourself for a long wait.  And there is little or nothing that your buyer's rep can do to speed things along.  

The other wonderful little treat when dealing with short sales or foreclosures is that the listing agents will ALWAYS leave the status as "ACTIVE" in the MLS even if they have one, two, or three or more offers pending.  So that means you will likely be in a multiple offer situation right out of the gates.