The Brian Petrelli Team Blog

Our team deals with Denver short sales and foreclosures every single day. Listing a short sales brings with it a myriad of bank policies, procedures and paperwork. We’ve gone out of our way to streamline this process for our sellers and make it as painless as possible. It appears that many of the banks continue to attempt to improve their process as well.

An article this morning from DSNews.com highlights a few of the programs we’ve been made aware of from the banks. It’s an interesting read and while many of these changes should have been made several years ago, it’s nice to see the banks changing:

From DSNews.com:

JPMorgan Chase is also offering a range of incentives to borrowers that agree to a pre-foreclosure sale “because if we can’t work out a modification, a short sale is a better result for the borrower, the servicer, the investor, and the neighborhood than a foreclosure,” the company said in a statement.

The article goes on to outline several of the banks and their new policies on short sales.

If you are interested in talking about Denver short sales, or need more information on potentially listing your home as a short sale, give our team a call at 303-726-1874. We’re experts in the area and have an entire team dedicated to making the process easy.

Denver Area Short Sales House Searches:
Aurora Short Sale Homes,Arvada Short Sale Homes,Brighton Short Sale Homes,Broomfield Short Sale Homes,Castle Rock Short Sale Homes,Centennial Short Sale Homes,Commerce City Short Sale Homes,Denver Short Sale Homes,Englewood Short Sale Homes,Golden Short Sale Homes,Highlands Ranch Short Sale Homes,Lakewood Short Sale Homes,Littleton Short Sale Homes, Northglenn Short Sale Homes,Parker Short Sale Homes,Thornton Short Sale Homes,Westminster Short Sale Homes

So I have to admit that I checked out a little early last week before the Christmas holiday. In doing so, I missed the newer listing by HUD (One of only two Englewood condos they have listed).

This new listing is located in the Southcreek Townhomes complex between Jordon and Parker rd about a mile north of C-470. One of the best values in the area, Southcreek offers townhome from the low to upper $100’s. This HUD listing is an amazing deal. Currently a smaller resale unit in the complex is being listed at $171,000. This HUD offering has 3 beds, 3 baths, an attached garage and over 1,500 square feet. 

Check out the photos at the lin and then give our team a call at 303-726-1874. This home will not last long and you may be lucky enough to catch most people sitting out housing over the holiday week.

Southcreek Townhomes

HUD Owned Home 8062 s kittredge way englewood 80112 $123,000.00

Beds: 3 Fin Sq Ft: 1520 Baths: 3 Year: 2001 # of Photos Avail: 5 V-tour Available: No MLS #: 1056292 Listing Office: re/max momentum

Broker Remarks: three bedroom home in a desirable location near dtc-close to parks, schools, and shopping with easy access to highways-b… more… Disclosures

If you are interested in Englewood foreclosures, one of the most popular Englewood condos complexes in Windmill Creek condos. HUD has a great deal on a large, 2 bedroom unit in Windmill Creek wight now for just $90,000. This complex is just down the road from Southcreek Townhomes. Here are the details:

Windmill Creek Condos

HUD Owned Home 7440 s blackhawk st englewood 80112 $90,000.00

Beds: 2 Fin Sq Ft: 1128 Baths: 2 Year: 2002 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1023038 Listing Office: re/max professionals

Broker Remarks: nice condo with a master bedroom that includes bath, walk-in closet & private patio, cozy corner, gas log fireplace nice… more… Disclosures

If you would like more information on Englewood foreclosures or Denver HUD homes in general, give our team a call at 303-726-1874. Our foreclosure experts can help you find the best deals on the market.

Some more good news came out today on the market for Denver Luxury Homes and Denver Luxury Foreclosures. The Denver Business Journal is reporting that sales of $1 million and up increased by over 20% this November from last November.

The statistics cover the entire Denver metro area and represent both Denver Luxury Homes and condos. The article and the underlying statistics are interesting and worth a look if your considering a higher end home in the Denver area. We’ve seen these trends repeating themselves in all price points and while we’re not seeing a huge uptick in pricing, the market is moving in a positive direction.

From The Denver Business Journal:

Forty-five local homes with a price tag of more than $1 million sold in November, up eight from the 37 sold in October and up one from November 2010, the report shows.

A similar report from independent Littleton broker Gary Bauer using Metrolist data shows an inventory of 650 residential homes listed for more than $1 million in November, and 74 condos.

If you’d like more information on Denver luxury foreclosures or luxury homes, give our team of experts a call at 303-726-1874. We can send you detailed reports for the specific cities or neighborhoods you are considering. The right information can make all of the difference when buying a Luxury home.

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

Some more good news for Colorado foreclosures this morning. The Denver business journal is reporting that Colorado foreclosure filings dropped over 20% from the previous month and over 24% from November of the past year.

We’re seeing these numbers play out in a vastly decreased inventory of foreclosures for our buyers. While there are still some good deal available, you need to be able to move quickly and in many cases, outbid other buyers.

In addition, we’re seeing Denver HUD homes moving quickly due to the recent $100 HUD down payment program. This is motivating many buyers who would normally not be in a position to buy.

From the Denver Business Journal:

Colorado saw sharp declines in the number of properties with foreclosure filings in November, both from the previous month and from November 2010, according to a monthly report Thursday from RealtyTrac Inc. RealtyTrac Inc.Latest from The Business JournalsHawaii foreclosures fall 27% in NovemberNortheast Florida foreclosure filings down 9 percentAlabama foreclosures drop 46 percent in NovemberFollow this company

The state had 3,773 properties with filings last month, or one out of every 575 housing units statewide, down 20.22 percent from the October tally of 4,729 properties, or one in 458 properties, according to RealtyTrac, an Irvine, Calif.-based private marketer of foreclosure properties.

If you’d like to talk to our team of experts about the Colorado Foreclosure market of Denver HUD homes, give us a call at 303-726-1874. We can set you up on a daily email alert of all new foreclosures so you don’t miss any of the best deals on the market.

Metro 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

Several of our agents live in the Parker area.  Pinery homes in Parker are one of the most popular houses in the area. We receive several calls and email each month asking for information on this great neighborhood.

This past weekend, HUD released a new listing in the Pinery and it’s priced extremely well. This home has 3 beds, 3 baths and well over 2,100 square feet. In addition, the 3 car garage and large yard make this a great deal. Keep in mind, as with all Denver HUD homes, this HUD home can be purchased with the $100 HUD down payment program.

We’ve show several Parker foreclosures over the past week, and it will be hard to find any Parker homes for sale that will match the price per square foot and value that this Pinery home offers.  If you’d like to see it, give our team a call at 303-726-1874.

Pinery Homes in Parker

HUD Owned Home 5358 hospitality pl parker 80134 $240,000.00

Beds: 3 Fin Sq Ft: 2120 Baths: 3 Year: 2001 Acres:0.27 # of Photos Avail: 5 V-tour Available: No MLS #: 1054605 Listing Office: westfall & company marketing

Broker Remarks: hud owned*sold as is*great location*nice open floor plan*large bedrooms*5 piece master bath*loft area*unfinished basemen… more… Disclosures

Our team can help you with any of the available Parker foreclosures or Parker homes for sale. Just give us a call and let us put our expertise to work for you: 303-726-1874.

Over the past 8 years, Deer Creek Condos Littleton, CO have become one of the most sought after neighborhoods for Littleton condos. With their easy access to C-470 and all of the abundant shopping and restaurants less than a block away, the area is extremely convenient. Add he breathtaking views of the foothills out your window, and the complex sells itself.

We haven’t seen many units come up as HUD homes over the last year, so we were excited yesterday when HUD released a new, large, 2 bedroom unit. This ground level unit has a carport, a large covered patio and is in great shape. In addition, as with all Denver HUD homes, this unit qualifies for the $100 HUD down payment program currently being offered.

If you’d like to see this home, or any other Littleton foreclosures, give our team a call at 303-726-1874. This condo is going to sell quickly!

Deer Creek Condos Littleton, CO

HUD Owned Home 8464 s holland way littleton 80128 $115,000.00

Beds: 2 Fin Sq Ft: 1131 Baths: 2 Year: 2003 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1054123 Listing Office: diamond realty

Broker Remarks: wow! this hud condo is about as good as it gets! located on the ground level, on the corner of this building, this unit … more… Disclosures

Our team can help you with all of the available LIttleton condos and Littleton foreclosures. Give us a call and we can help you decide if a foreclosure, Denver HUD home or standard resale is right for you: 303-726-1874.

Castle Rock Townhomes can be an incredible value for buyers working anywhere in the South Metro Denver area. Prices are typically lower than other south areas (Highlands Ranch, Parker, etc) and commute times to areas like the DTC can be almost identical.

HUD just released a new listing in South Ridge Castle Rock townhomes. Its an amazing deal on a 1,782 square foot townhome with three beds and 2 baths. Priced at just $144,000, like all other Denver HUD homes, this unit qualifies for HUD’s $100 down payment program.

If you’d like to see this, or any other available Castle Rock foreclosures, give our team a call at 303-726-1874.

Castle Rock Townhomes:

HUD Owned Home 92 s valley dr castle rock 80104 $144,000.00

Beds: 3 Fin Sq Ft: 1782 Baths: 2 Year: 1983 # of Photos Avail: 5 V-tour Available: No MLS #: 1052841 Listing Office: elist realty, llc

Broker Remarks: light and bright 2 bedroom, 1 bath townhome in quiet community. home has an open living room, dining room, and functiona… more… Disclosures

There are still many deals available on Castle Rock foreclosures. If you’re looking for something specific, give us a call and we can put you on a daily alert to help you find the best deals the day they hit the market.

Our team is working with several clients who are searching for Highlands Ranch foreclosures. As many of you are aware, Highlands Ranch homes for sale weren’t hit as hard in the real estate downturn over the past few years, and finding foreclosures in this area can be a challenge.

This past weekend, HUD released a new listing in Highlands Ranch near the newer Southridge Rec Center. This is a popular area and is in high demand. This home was built in 2002 and has over 2,100 square feet, 4 bedrooms and is priced under $300,000!

If you’d like to see this home while it is still available, give our team a call at 303-726-1874 soon!

Highlands Ranch Foreclosures:

HUD Owned Home 10655 wynspire rd highlands ranch 80130 $297,000.00

Beds: 4 Fin Sq Ft: 2155 Baths: 3 Year: 2002 Acres: # of Photos Avail: 5 V-tour Available: Yes MLS #: 1052846 Listing Office: re/max professionals

Broker Remarks: property may be eligible for the fha $100 down payment program. ask your agent for details. this 4 bed/2.5 bathhome has … more… Disclosures

In addition, this home qualifies for the $100 HUD down payment program being offered on all Denver HUD homes. If you’d like more detailed information on this, give our team a call at 303-726-1844.

Our main office is in Highlands ranch, and we can help you with all of the available Highlands Ranch homes, Highlands Ranch Short Sales and Highlands Ranch foreclosures on the market.

We receive a lot of inquiries from clients interested in Highlands Ranch Patio Homes. There are not many options in the area for patio homes, and those that do come on the market move very quickly. That’s why we were thrilled to see that HUD has just listed a Patio home in Bradford Hills Highlands Ranch.

These are paired / patio homes and are very popular. This home needs a little work, but the value is definitely there. In addition, this qualifies for HUD’s $100 down payment program (as do all Denver HUD homes). If you’d like to schedule a time to see this home, give our team a call at 303-726-1874.

Highlands Ranch Patio Homes:

HUD Owned Home 8623 redstone st highlands ranch 80126 $227,900.00

Beds: 2 Fin Sq Ft: 2453 Baths: 3 Year: 1984 # of Photos Avail: 5 V-tour Available: No MLS #: 1050415 Listing Office: mb garard & associates, llc

Broker Remarks: bank owned paired ranch patio home with a big back yard, only 1 common wall with your roofmate. sold as-is, mostly origi… Disclosures

One of the challenges when searching for Patio homes in the Denver area, is that many times the MLS listing is incorrect. For example, several Highlands Ranch patio homes are listed under Highlands Ranch condos and townhomes (as is this one), while others are listed under Highlands Ranch homes for sale (single family homes). If you would like us to run a detailed, in depth search for you, give us a call at 303-726-1874 and we’d be happy to find them all!

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

We’ve been showing Highlands Ranch foreclosures all week, but just before the Thanksgiving holiday, HUD released another HUD home near Spring Park in Highlands Ranch.

In addition to being within walking distance of 3 large Highlands Ranch parks, this 3 bedroom, 2,500+ square foot home also qualifies for HUD’s $100 down payment program. This is an amazing program and relieves home buyers from having to spend the typical 3.5% on a down payment – freeing up that money for other essentials when buying a new home. If you’d like to learn more about the program, give us a call at 303-726-1874 and we can answer all your questions.

Highlands Ranch Foreclosures

HUD Owned Home 1255 goldsmith dr highlands ranch 80126 $272,000.00

Beds: 3 Fin Sq Ft: 2577 Baths: 3 Year: 1986 Acres:0.13 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1051664 Listing Office: keller williams dtc

Broker Remarks: hud home, sold as is w/no warranties. hud case # 052-398051 bid deadline 12/2/11@ 11:59 pm-daily thereafter. investor … Disclosures

Give our team a call to learn about all of the available Highlands Ranch homes for sale. We can help you with the foreclosures in this area, and can answer all of your questions on the $100 down payment program on Denver HUD homes. Our team can be reached at 303-726-1874.