Bank Foreclosures in Denver Metro - 1/23/12
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 88.15% of list price!
Some banks will pay closing costs, and very helpful for those first time home buyers!
Here are the results for a few cities in the South side of Denver and ONLY single detached homes. If you have a different city in mind, or a multi-family property, please give me a call!
Ask about the possibility for a 203 Rehab loan for some repairs!
Some banks do not offer FHA financing, and some are CASH only!