The Brian Petrelli Team Blog

With the severely reduced inventory of Littleton townhomes, we’re seeingn fewer and fewer Littleton foreclosures in the under $100,000 price range. This week, HUD released a two bedroom townhome in Dutch Ridge Littleton that is priced at only $62,000!

This ownhome is in great shape and it will be almost impossible to find anything like it in any of the available Littleton townhomes on the market. If you’re interested in seeing this home, give our team a call at 303-726-1874 today.

Dutch Ridge Littleton:

HUD Owned Home 6798 s independence st littleton 80128 $62,000.00

Beds: 2      Fin Sq Ft: 870 Baths: 1     Year: 1983 # of Photos Avail: 5 V-tour Available:  No MLS #: 1076801 Listing Office: metrowest real estate solut…

Broker Remarks:  great entry-level 2-bed townhome. great for first timers! eligible for fha financing, hud repair escrow of $413. ask … more… Disclosures

HUD has one other Littleton condo on the market right now. This is a 2 bedroom condo in Marina Pointe Littleton. this is a third story unit and it has nearly 900 square feet. At just $87,000, this is one of the lowest priced two bedroom condos in Marina Pointe we’ve seen in a while.

Marina Pointe Littleton:

HUD Owned Home 8376 s upham way littleton 80128 $87,000.00

Beds: 2      Fin Sq Ft: 912 Baths: 2     Year: 1983 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 1064064 Listing Office: keller williams dtc

Broker Remarks:  hud home, sold as is w/no warranties. hud case # 052-183437. bid deadline 2/10/11 @ 11:59 pm-daily thereafter. investo… more… Disclosures

If you’d like more information on Littleton foreclosures of Littleton townhomes and condos, give our team of experts a call at 303-726-1874. We still have some availability to show homes this weekend, but these homes won’t last long at these prices, so give us a call today.

Our team watches the market for Castle Rock homes for sale very closely. Several of our team members live in and around the area and we are always looking for great deals on Castle Rock foreclosures for our clients. This task has become much more difficult this year, as the number of Castle Rock foreclosures and HUD homes has fallen drastically.

Where as last year HUD sold 27 single family home in Castle Rock, this year, HUD has sold just 2 Castle Rock foreclosures and there are only 3 under contract. While this declining inventory is happening for all Castle Rock homes for sale, it appears to be hitting Castle Rock foreclosures harder.

Some of this has to do with bank waiting to start foreclosure proceedings until legal ramifications were sorted out with the bigger lenders. This was cleared up last month and we may start to see more movement in the coming weeks.

While the supply of these houses is down, the demand for such homes is way up. Factors, such as the HUD $100 down payment program being offer on all Denver HUD homes, as well as the record breaking interest rates, have caused the demand for these Castle Rock foreclosures to be much higher than normal, and when a new foreclosure hits the market, bidding wars usually commence.

If you are looking in the Castle Rock market, make sure you get set up on our daily email alerts so you don’t miss the newest Castle Rock foreclosures and HUD homes. With the incredibly low supply, you have to move quickly to find the best deals. You can reach our team at 303-726-1874.

We’ve been working with several clients searching for Parker homes for sale this month. Over the last few weeks, there have been very few Parker foreclosures to look at, and this week, there is only one single family HUD home available in the Parker area.

We wanted to highlight that HUD home here, as it is eligible for the HUD $100 down payment program currently being offered to owner occupants of all Denver HUD homes. This is a remarkable deal on a 3 bedroom, 1,400+ square foot home in Cottonwood Parker homes. It has a hot tub and sits on a cul-de-sac. At just $133,000, this home is not going to last very long.

Cottonwood Parker homes:

HUD Owned Home 8353 tumblegrass pl parker 80134 $133,000.00

Beds: 3      Fin Sq Ft: 1499 Baths: 2     Year: 1983 Acres: # of Photos Avail: 5 V-tour Available:  Yes MLS #: 1076439 Listing Office: re/max professionals

Broker Remarks:  this property may be eligible for the fha $100 down payment program. ask your agent for details. this greatlocation is j… more… Disclosures

If you would like to learn more about Parker foreclosures or any of the available Parker homes for sale, give our team a call at 303-726-1874. Several of our team members live in Parker, and we can help you find the best deals available.

There are still good deals available on certain Parker short sales, foreclosures and several Parker resales. Ask us to put you on our daily email property alerts so you don’t miss the hottest deals before they disappear.

Summing up the dramatic shift in inventory we’ve seen over the last few months, today we present the entire inventory of Littleton Foreclosures listed by HUD: 1.That’s correct, while in recent months a search of Littleton homes for sale would turn up roughly 5-7 HUD listings, we are now down to just one HUD home active on the market.

Much of this has to do with the drastically declining inventory of all homes on the market (down over 35% since last year). This diminished supply has had it’s predicted impact on demand with our agents routinely seeing several bids, well above askking price, on almost all available Denver HUD homes.

Adding to this demand for Denver HUD homes is the HUD $100 down payment program being offered on all HUD homes. This program allows purchasers who buy HUD homes with an FHA mortgage and plan to live in it as their primary residence, the ability to put just $100 down.

If you would like to be added to our daily email alert for Little foreclosures, give our team a call at 303-726-1874. Our experts can help you find the best deals on the market – even with the diminished inventory.

Littleton Foreclosures Listed by HUD:

HUD Owned Home 6015 s routt st littleton 80127 $172,000.00

Beds: 3      Fin Sq Ft: 1710 Baths: 2     Year: 1993 Acres: # of Photos Avail: 5 V-tour Available:  Yes MLS #: 1075305 Listing Office: re/max professionals

Broker Remarks:  this property may be eligible for the fha $100 down payment program. ask your agent for details. located inflintlock and… more… Disclosures

Our team has just listed an amazing Littleton Horse property located in the middle of south west Littleton. This gorgeous home has spectacular mountain views, and is one of few available Littleton acreage properties on the market right now.

This amazing home is near the corner of Coal Mine and Kipling, so you feel like you’re in the country but have easy access to all Littleton has to offer: shopping, parks, C-470 and more. if you’re looking for a home to keep horses, or just want some acreage, but don’t want a daily 30+ minute drive, this is the home for you! 

 Littleton Horse Property: 

9830 old coal mine ave littleton 80128 $725,000.00

Beds: 3      Fin Sq Ft: 2544 Baths: 3     Year: 1971 Acres:3 # of Photos Avail: 5 V-tour Available:  No MLS #: 1072954 Listing Office: mb the brian petrelli team

Broker Remarks:  **amazing mountain views!** solid all-brick home situated on 3 acres – horses ok! easy access to shopping and c-470 mak… more… Disclosures

 Our team can help you with all of the available Littleton homes for sale. Give us a call at 303-726-1874 today and let us start working for you. We have access to all available Littleton foreclosures and short sales on the market and can help you negotiate the best deal.

If you’ve been searching for Highlands Ranch homes, then you know that Highlands Ranch foreclosures are rare and when they are listed, they sell quickly. Because of the available HUD $100 down program available on HUD listings, HUD homes in Highlands ranch move even quicker.

HUD has just released a new listing in Westridge Highlands Ranch. With 3 bedrooms, 3 baths, a loft area and 2,500 finished square feet, we expect to see multiple offers on this home. Located just east of Sante Fe, this is an ideal location in Highlands Ranch for those commuting to Downtown Denver or Castle Rock.

Westridge Highlands Ranch:

HUD Owned Home 9989 deer creek st highlands ranch 80129 $237,000.00

Beds: 3      Fin Sq Ft: 2500 Baths: 3     Year: 1994 Acres:0.25 # of Photos Avail: 5 V-tour Available:  No MLS #: 1074437 Listing Office: westfall & company marketing

Broker Remarks:  hud owned*sold as is*open & inviting floorplan*large kitchen*spacious living room*large bedrooms*loft area*huge family r… more… Disclosures

Again, as with all Denver HUD homes, this home qualifies for the HUD $100 down payment program that allows owner occupants to use an FHA mortgage to purchase a HUD home with only a $100 down payment. If you would like more information on this, give our team a call at 303-726-1874.

As we continue to mention, Highlands Ranch homes, especially Highlands Ranch foreclosures, sell quickly. If you are interested in the area, make sure you are set up on our daily email alerts so you receive listings the day they hit the market. our agents can get you set up at 303-726-1874.

Ridgepoint at Bear Creek homes is one of the most sought after communities by buyers searching for Denver foothills homes. This community sits on the foothills and the mountain and city views of this neighborhood are unparalleled.

Our team is thrilled to announce our newest in Ridgepointe. This homes has all of the upgrades you could ask for (slab granite, hardwood floorsm loft and more). Downstairs is a finished walkout basement with a wetbar and plenty of room for entertaining.

Step outside on the back deck, and you won’t believe the views. You can see from the foothills to Denver and more. Make sure you check out the virtual tours on our website and then give our team a call to schedule your own private showing at 303-726-1874.

Ridgepoint at Bear Creek homes:

2448 s newcombe st lakewood 80227 $569,900.00 est $

Beds: 4      Fin Sq Ft: 4676 Baths: 5     Year: 1999 Acres:0.19 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 1074748 Listing Office: mb the brian petrelli team

Broker Remarks:  absolutely stunning home with unbelievable views! home sits high on hill, backing to open space with views of the mounta… more… Disclosures

 If you’re searching for Denver foothills homes, you owe it to yourself to check out this amazing home. Ridgepoint at Bear Creek homes offers some of the best views of any neighborhood in the city.

The Brian Petrelli team can help you with all of the available Lakewood homes for sale. Give our team of experts a call today at 303-726-1874 to get started. 

More and more buyers are searching for Denver horse property with plenty of room for horse and livestock. It’s becoming harder and harder to find any type of Denver homes with acreage, but there are several areas just outside the city limits that allow for horses.

We’re proud to announce that we have just listed one of these homes and this one is grogeous! Located south of Parker in Franktown, CO, this home has 10 acres of land and a large, 1,740 square foot, 3 bedroom, 3 bath home.

Offering panoramic views of Cherry Creek Valley and backing to Castlewood Canyon State Park, there are few Denver horse properties that can match these view.

Denver Horse Property:

1195 castlewood pl franktown 80116 $469,900.00

Beds: 3      Fin Sq Ft: 1740 Baths: 3     Year: 1978 Acres:10.22 # of Photos Avail: 1 V-tour Available:  No MLS #: 1074102 Listing Office: mb the brian petrelli team

Broker Remarks:  10 acre*hores property located in castlewood north*great location country life-style with easy commute to denver or colo… more… Disclosures

If you’d like to learn more about this home or other Denver Homes with acreage, give our team a call at 303-726-1874. We have several agents on our team who can use their experience in rural and Denver horse property to help you find the perfect home.

More news today on Denver Foreclosures confirming what we’ve been reporting regarding inventory of Denver homes for sale. While filings were up slightly, the actual sale of these filing fell to a five year low.

Some of this has to do with banks allowing homeowners to sell homes as short sales or renegotiate their mortgages. But quite a bit has to do with the improving housing market and the plummeting (down 39% year over year) inventory of Denver homes for sale.

From the Denver Business Journal:

Foreclosure filings in Colorado’s urban counties were up slightly in February from a year earlier, but foreclosure auction sales fell to a five-year low, according to a report Wednesday from the Colorado Division of Housing.

New foreclosure filings in the state’s metropolitan counties rose 3.5 percent year-over-year in February, to 2,056 filings from 1,986 in February 2011.

Yet foreclosure sales were down 6.7 percent in February from a year earlier, dropping to 1,248 sales from 1,338.

Again, we’re seeing fewer and fewer Denver foreclosures on the market and a resulting drop in sales. there are still several good deals on the market, but the number of Denver short sales and foreclosures are falling quickly.

If you would like to learn more about foreclosures, short sales or the market for Denver distressed properties, give our team a call at 303-726-1874 today. With the $100 down program being offered on Denver HUD homes, in conjunction with the record low interest rates, this is an unbelievable time to buy a home.

More big news for Denver foreclosures: In the largest industry settlement since the US settled with the tobacco industry, 49 state attorneys, including John Suthers of Colorado, filed the $25 billion agreement in court on Monday agreed to last month.

We’re still waiting to see exactally how this plays out and if it will impact the number for foreclosures and Denevr short sales on the market. the deal is supposed to help roughly a million borrowers to see a reduction in the mortgage debt, but only time will tell.

From the Denver Business Journal:

The complaint alleged the five mortgage servicers’ misconduct “resulted in the issuance of improper mortgages, premature and unauthorized foreclosures, violation of service members’ and other homeowners’ rights and protections, the use of false and deceptive affidavits and other documents, and the waste and abuse of taxpayer funds.”

Colorado had the nation’s ninth highest state foreclosure rate in 2011 among the states and 12th highest in December 2011, according to RealtyTrac.

Most of the settlement amount, about $20 billion, is slated for home refinancing and principal reductions for struggling borrowers. About 1 million borrowers can expect their mortgage debt to be reduced by lenders or to refinance their homes at lower rates.

If you’d like to learn more about Denver foreclosures or Denver HUD homes, give our team of foreclosure experts a call at 303-726-1874.

Inventory is still way below average levels and is nearly 40% below where we were at this time last year.