Bank Foreclosures in the Denver Metro Area - 1/30/13

Bank Foreclosures in the Denver Metro Area - 1/30/13

The Denver real estate market has been very active with buyers looking for a deal or the ability to attain sweat equity.       A bank foreclosure is different than a short sale, many times we get an answer within a week and have had an answer in the same day as the offer was submitted!    If the property is in a prime location, and in good condition, you will expect to be competing with other offers!    Some banks are doing improvements and they show pretty well!   

Most bank owned properties don't last long, but interesting to see the days on market have not moved that much over the last couple of years.  The median days on market for the current active bank foreclosure is 70 days (January 2013 was 81 days and January 2012 was 77 days) and the banks have seen 98.5 to 99.4% of list price!     

Some banks will pay closing costs, and very helpful for those first time home buyers (if there are not competing offers)!   

Here are the results for cities in the Denver Metro area and include both single detached homes and attached condos/townhomes.    If your city is not listed, there may not be a current active listing today, but this changes daily, please give me a call!

Arvada    6 available      $87,900 to $264,900

Aurora   19 available      $49,900 to $399,900

Bennett     2 available     $119,900 to $214,900

Boulder     3 available     $249,800 to $1,325,000

Brighton     4 available     $152,900 to $499,000

Broomfield     2 available     $209,900 to $284,900

Byers     1 available     $218,500

Castle Rock     3 available     $194,500 to $498,750

Centennial     3 available     $109,900 to $614,900

Commerce City     6 available      $135,900 to $250,000

Elizabeth     3 available     $345,000 to $435,000

Englewood     2 available     $159,900 to $399,900

Evergreen     3 available     $139,900 to $179,950

Franktown     1 available     $349,900

Golden     2 available     $79,900 to $191,700

Greenwood Village     3 available     $184,900 to $214,500

Lakewood     7 available     $49,900 to $285,000

Littleton     7 available     $135,500 to $549,100

Northglenn     2 available     $137,500 to $189,000

Strasburg     1 available     $359,900

Thornton     4 available     $157,000 to $387,500

Westminster     4 available      $109,900 to $354,888

Wheat Ridge     1 available     $184,500

Ask about the possibility for a 203 Rehab loan for some repairs!

Some banks do not offer FHA financing, and some are CASH only!

Need more information about bank owned properties, give me a call at 720-231-6373.