Bank Foreclosures in Denver Metro - 1/23/12

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Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786
https://activerain.com/droplet/rPD

Bank Foreclosures in Denver Metro - 1/23/12

Bank foreclosures

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!

 

Foreclosures available 1-23-12

 

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

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

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Rainmaker
2,343,377
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Joan: This is a good snapshot of the Bank Foreclosures in Denver Metro.  I bet local consumers will like the breakout of areas/prices.

Jan 23, 2012 02:24 AM #1
Rainmaker
3,329,125
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Joan, Nice way to show the many opportunities available in Denver and to explain the difference in Foreclosures and Short Sales!

Jan 23, 2012 02:25 AM #2
Rainmaker
4,313,331
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

There are some bank foreclosures that will be good for sweat equity, and have shown foreclosures lately where the bank has done quite a bit of work to make the home almost ready to move in.

Jan 23, 2012 02:56 AM #3
Ambassador
1,523,079
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Joan Cox, Denver Colorado area Realtor® in the know.  Call Joan for all your real estate needs and put her expertise to work for you today!

Jan 23, 2012 03:10 AM #4
Ambassador
2,010,164
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I think foreclosures represent one of the best opportunites on the market right now. It is amazing that the bank's are actually throwing in some repairs to make deals work - it's about time. :)

Jan 23, 2012 03:12 AM #5
Rainmaker
2,868,159
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Joan,  Many lenders are paying for improvements such as carpet and paint.  They finally figured out that they net more money by doing so.  In many cases there are great buying opportunities with bank owned homes. 

Jan 23, 2012 04:16 AM #6
Rainmaker
623,181
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

It's always interesting to see that some neighborhoods have very few foreclosures while other's seem to have the majority.  This is very useful for any buyer looking to purchase this type of property.

Jan 23, 2012 05:29 AM #7
Rainmaker
733,403
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Heeeeyyy Joan, great report to see these stats for foreclosure in Denver Metro area. I hope you can get some qualified buyer this quarter!

Jan 23, 2012 05:53 AM #8
Rainmaker
1,230,387
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Joan--This report is great way to capture attention of buyers or investors.  Hope your phone rings off the hook or your e-mail lights up with incoming messages.  Good luck.

Jan 23, 2012 06:36 AM #9
Rainmaker
954,001
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Joan, great report for the buyers, many affordable properties for 1st time home buyers and investors. Call Joan the local expert, she will find you some good buy. 

Jan 23, 2012 09:49 AM #10
Ambassador
1,471,350
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Joan - this is such a great report and I really should do one. I keep procrastinating....

Jan 23, 2012 11:14 AM #11
Rainer
366,052
Scott Hayes
(512) 786-8300 - Austin, TX
Realty Austin, Broker Associate

Joan,

 

Great report on the Denver foreclosure market. I'm with Toni, really need to do one myself

Jan 23, 2012 03:57 PM #12
Ambassador
2,081,619
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Let us all say a little prayer that bank foreclosures will decline during 2012 as the economy turns around.

Jan 24, 2012 08:31 AM #13
Rainmaker
4,313,331
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

John, some banks do a great job repairing/painting, etc. to provide a home that is ready to move in.  

Jan 25, 2012 02:02 AM #14
Rainmaker
4,313,331
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Debb, I saw a couple this week, I had to look again to make sure it was bank owned!   It was beautiful!

Jan 25, 2012 02:02 AM #15
Rainmaker
4,313,331
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kathleen, there are also some properties that need everything, which allows those investors to what they do best, especially those investors with the knowledge to turn an ugly duckling into a swan!

Jan 25, 2012 02:03 AM #16
Rainmaker
4,313,331
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Morgan, there are a couple areas in Denver that seem to have more foreclosures than others!

Eileen, I had a call from an investor that I will meet today!

Jan 25, 2012 02:05 AM #17
Rainmaker
4,313,331
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Mary, funny it is this type of post that does cause my phone to ring!  

Kwee, savvy buyers still know where to look for a great deal!

Jan 25, 2012 02:06 AM #18
Rainmaker
4,313,331
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Toni, I see you got that report done -- good job!

Scott, buyers looking for deals gravitate to these types of posts!

Barbara-Jo, in Denver they are declining already!

Jan 25, 2012 02:07 AM #19
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Rainmaker
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Joan Cox

Denver Real Estate - Selling One Home at a Time
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