The Denver real estate market is 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! If the property is in a prime location, and in good condition, you will expect to have multiple offers! Some banks are doing improvements and they show pretty well! In the last couple of months, the median days on market for a bank foreclosure is 62 days and the banks have seen … (19 comments)
foreclosures in denver: Denver Foreclosures For Sale - Week of 11/7/11
- 11/07/11 02:29 PM
Denver Foreclosures For Sale - Week of 11/7/11 Denver Bank owned properties/foreclosures can be a way to see instant equity, especially if you are handy! Some properties need very little repairs to be livable, and some need quite a bit. Bank owned properties/foreclosures are not like short sales, you will get an answer from the bank on an offer within 3-5 days. I have had answers within a couple hours! If you were looking for a deal in Denver this could be your answer.
Some banks listing foreclosure properties do not offer FHA financing due to safety repairs … (14 comments)
Bank owned properties/Foreclosures can be a way to see instant equity, especially if you are handy! Some properties need very little repairs to be livable, and some need quite a bit. Bank owned properties/foreclosures are not like short sales, you will get an answer from the bank on an offer within 3-5 days. I have had answers within a couple hours! Do you see opportunity knocking? Some banks listing foreclosure properties do not offer FHA financing due to safety repairs needed, … (16 comments)
Each week it is fun to see what new bank owned properties are released and ready for sale. With bank owned properties, you can find some gems with little to no work needed to the polar opposite needing complete remodeling. If you are handy, there are some opportunities knocking here!
DENVER - $194,900 3 beds, 3 baths, 2 car Built 1997 1867 fin sq ft plus an unf basement - repairs being done by bank - ALTON PARK $249,900 3 beds, … (10 comments)
In Denver metro area, foreclosures have predominantly been in the lower-priced neighborhoods. It looks like there will be an increase of short sales and foreclosures in neighborhoods that have not experienced too much decline in value. Areas of lower-priced homes have already had their share of short sales and foreclosures, and are now showing some increasing in value. Based on MLS data for homes priced over $460,000, there are more distressed sales currently. Up to 17% of the volume in the 2nd quarter of 2010 vs 1st quarter of 2008. Based on MLS data, homes priced from $95,000-$149,000 … (7 comments)
Bank Foreclosures in Denver Metro - 1/23/12
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