And while I am on this rant, the Denver market only shows LOCALIZED FLOODING of Foreclosed Properties. Those flood areas will be in the northern suburbs near Broomfield and Brighton (which never used to be considered Denver BTW) and parts of Aurora. The foreclosure flood here is related to 2 things...both of which careful educated buyers of homes would have been prepared for: 1. ARM loans which have escallated with the interest rate increases... 2. Most of those properties depend on 2 incomes to make the payments. Financial pressures are the number one cause of marriages breaking up. Finally, as of July 1, 2006 Mortgage Brokers in the state of Colorado have to go through a criminal background check!
As a side note, the south metro Denver Colorado real estate market is still vibrant. Appraisers will tell you that there is actual appreciation in some markets, mostly in the southern area and especially in Littleton, Highlands Ranch and Centennial.
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