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Broadlands Distressed Properties

By
Real Estate Broker/Owner with KTHOMES, LLC 100002367

Broadlands, a local golf course community in Broomfield CO seems to be holding it's own relative to homeowners being in a distressed situation when selling their homes.  According to the last 6 mos. of sales in that subdivision, only about 20% sold in either short sale or lender owned (already been through foreclosure) situations.  Many other areas within the Denver metro area are much worse off.  But I have also noticed that there have been many properties in the Broadlands that have been for sale, but then withdrawn from the market.  This was probably because the decline in market value will not enable those homeowners the opportunity to walk away from their homes without bringing money to the table at closing. So hopefully many of those people that have withdrawn their homes from the market will be able to continue to make their payments and hold on to their homes until the market turns upward.

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