The Brian Petrelli Team Blog

Some interesting news on Colorado Foreclosures today. A bill was recently proposed in the state legislature that would have required lenders to prove that they had a right to foreclose on a home prior to initiating foreclosure proceedings. This bill was killed in the legislature, but backers are now trying to get it on the State Ballot for this November.

From The Denevr Post:

We’ll be watching this proposed ballot initiative every carefully of the next few months. There is a hearing scheduled for April 6th at the Legislative Council. If it passes this first step, the proposal will need over 87,000 signatures to get on November’s ballot. We’ll keep you posted on this, and any other news for Colorado foreclosures.

In the meantime, if you would like to talk to one of our agents about Colorado foreclosures, HUD homes or any real estate issues, give our team a call at 303-726-1874.

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Denver Area Foreclosure and HUD House Searches:
Aurora Foreclosures and HUD Homes, Arvada Foreclosures and HUD Homes, Brighton Foreclosures and HUD Homes, Broomfield Foreclosures and HUD Homes, Castle Rock Foreclosures and HUD Homes, Centennial Foreclosures and HUD Homes, Commerce City Foreclosures and HUD Homes, Denver Foreclosures and HUD Homes, Englewood Foreclosures and HUD Homes, Golden Foreclosures and HUD Homes, Highlands Ranch Foreclosures and HUD Homes, Lakewood Foreclosures and HUD Homes, Littleton Foreclosures and HUD Homes, Northglenn Foreclosures and HUD Homes, Parker Foreclosures and HUD Homes, Thornton Foreclosures and HUD Homes, Westminster Foreclosures and HUD Homes

There has been a HUGE resurgence of interest in Green Valley Ranch Colorado. Two of our agents have been helping buyers in that area over the past month and have been involved in several bidding wars for Denver homes in this neighborhood.

With the large size of the homes and the severe decline in price over the past couple of years, this neighborhood is now one of the best opportunities in the entire area for buyers looking at single family homes.

HUD just listed a 3 bedroom, 3 bath home in Green Valley Ranch Colorado that is over $1,600 square feet and is priced at just $121,000!. Based on what we’ve seen over the past month, this home will end up selling roughly $10,000 – $20,000 higher, but even at $140,000 this is a fantastic deal. In addition, like all Denver HUD homes, this house is eligible for the $100 HUD down payment program which will attract even more buyers.

Green Valley Ranch Colorado

HUD Owned Home 20755 e 38th pl denver 80249 $121,000.00

Beds: 3      Fin Sq Ft: 1625 Baths: 3     Year: 2001 Acres:0.09 # of Photos Avail: 5 V-tour Available:  No MLS #: 1078645 Listing Office: great way re exclusive propert

Broker Remarks:  buy me! great deal for this home. just a minor touch will make this one shine*hud home sold as-is*hud case #052-421149*e… more… Disclosures

If you would like more information on this home or any other Denver HUD Homes, give our team a call at 303-726-1874. We can explain the $100 HUD down payment program and see if it is right for you.

Some more good news for Denver homes today. According to the latest S&P / Case-Shiller Home Price Index, for the first time in 19 months, the Denver metro area has posted a year-over-year increase in Home Prices.

Again, this news adds to the growing evidence that both the shrinking inventory, increased demand and low interest rates for Denver homes are having a very positive affect on home values.

From The Denver Business Journal:

For the first time in 19 months, metro Denver posted a year-over-year increase in home prices in January, according to the latest S&P/Case-Shiller Home Prices Index.

It was a small increase, up just 0.2 percent from January 2011, according to the closely-followed report from Standard & Poor’s    Standard & Poor Latest from The Business Journals Follow this company . Still, Denver was one of only three cities out the 20 tracked by the report to show a year-over-year price rise.

The average for the 20 cities was a decline of 3.8 percent. The only other cities with year-over-year gains were Detroit (up 1.7 percent) and Phoenix (up 1.3 percent).

Metro Denver’s January gain followed small year-over-year declines of 0.4 percent in December 2011 and 0.2 percent in November 2011.

Much of this has to do with the declining inventory of Denver foreclosures and Denver HUD homes.

If you would like to talk more about Denver homes or have questions about the market in your neighborhood, give our team a call at 303-726-1874.

Located just south of Lincoln off of Jordan Rd, Bradbury Ranch Homes comprise one of the most sought after neighborhoods for buyers searching for Parker homes for sale. It’s location is ideally located near both E-470 and I-25 making commutes to any part of the Metro Denver Area extremely convenient.

Our team’s newest listing showcases the best that Bradbury Ranch homes has to offer. This incredible home has absolutely every upgrade you could imagine – including a completely finished basement with a second kitchen area, 2 extra bedrooms and an office. Upstairs, you’ll find a main floor master, a gorgeous kitchen with granite and stainless steel, a three car garage and so much more! Vaulted ceilings, a formal dining and living room complete this home. Take a look at the virtual tours and then give our team a call to see this beauty for yourself: 303-726-1874.

Bradbury Ranch Homes:

11038 independence cir parker 80134 $389,900.00

Beds: 6      Fin Sq Ft: 4259 Baths: 4     Year: 2001 Acres:0.16 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 1076866 Listing Office: mb the brian petrelli team

Broker Remarks:  absolute best of the best in bradbury ranch! 6 beds plus an office! all the upgrades: granite, stainless steel, wood, so… more… Disclosures

Several of our team members live in Parker and are familiar with all of the available Parker homes for sale, as. well as the inventory of Parker foreclosures and Parker short sales. If you would like to learn more about the area, give our team a call at 303-726-1874.

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.