The Brian Petrelli Team Blog

Some more good news for the Denver housing market today. A state report released this morning shows that Colorado foreclosures not only fell, but they hit their second lowest quarterly total since 2007.

Here’s the key information from the Denver Business Journal:

Public trustees reported 7,233 foreclosure filings in the second quarter with 5,333 sales at auction being completed. Both numbers are down from the same period in 2010, when there were 10,233 filings and 5,887 homes sold, according to the Colorado Division of Housing 2Q Foreclosure Report.

That’s the second-lowest quarterly total since 2007, according to the report.

The numbers also fell from the first quarter, when there 8,115 filings and 5,600 sales, drops of 10.9 percent and 4.8 percent, respectively.

This news is a continuation of other data we have reported here. The Denver housing market is definitely improving – slowly.

One of the contributing factors to this improvement is the incredibly low vacancy rates and the resulting high rental fees. This is prompting many would be renters to consider owning a home; not primarily for investment purposes, but simply to keep their monthly payments lower.

If you’d like to talk more about Denver foreclosures or the market in general, give our team a call at 303-726-1874.

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

It looks like some Freddie Mac, HUD and Fannie Mae homes may be converted to rentals in an effort to decrease the number of foreclosed homes on the market. Thereby Bringing all of the efficiency, low overhead and common sense you’d expect from the Federal government into the rental market.

What could possibly go wrong if the government ran one more piece of the housing market?

From the Denver Business Journal:

The Wall Street Journal reports that Fannie Mae, Freddie Mac and the Federal Housing Administration owned a combined 250,000 foreclosed homes at the end of June, with another 830,000 somewhere in the foreclosure process.

Federal officials will seek proposals from investors on how to move such properties onto the rental market rather than selling them at a discount and pushing down home prices, the Journal said.

We’ll see how far this idea gets.

If you’re interested in learning more about Denver HUD homes, Fannie Mae or Freddie Mac programs, give our team a call at 303-726-1874.

Our team has been writing contracts on a number of Fannie Mae homes in Denver this past month and we felt it worthwhile to discuss both the Fannie Mae Homepath Program and Fannie Mae homes in General.

For starters, many of the Fannie Mae homes we are showing are some of the nicest homes available. Fannie Mae is going into these home before they are listed on the market and replacing the carpet and repainting the entire interior. Many times hot water heaters or other mechanical issues are repaired as well. In addition, Fannie Mae is including a two year home warranty on all of these properties. These are not your typical bank owned homes!

The renovations and improvements are just the beginning. Most of these listings qualify for Homepath Mortgages. These mortgages offer many advantages over conventional and even standard FHA loans.

Some of the benefits include:

• Low down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
• No appraisal is required by the lender. THis saves hundreds off of your closing costs.
• No mortgage insurance (check with the lender for your specific property and mortgage terms). 
• Expanded seller contributions for closing costs allowed.
• Available for primary residences, second homes and investment properties.
• Many condo project requirements are waived; ask the lender for details.

• These are just some of the benefits to these loan programs. Make sure you give us a call at 303-817-0209 to get all of the details.

  In general, we’re seeing that Fannie Mae homes in Denver are nicer and are offering better financing than Denver HUD homes or other lender owned houses.

  If you’d like more information, give us a call at 303-817-0209.

   

   

   

   

   

   

While the Acres Green homes neighborhood is technically located in Littleton, most people think of it as being part of either Lone Tree or Highlands Ranch homes. This popular neighborhood is located just south of County Line Rd between Quebec and Yosemite. This location puts it within easy access of both C-470 and I-25 and minutes from the heart of DTC.

HUD has just released a new listing in Acres Green. This 4 bedroom, 2 bath home has over 1,800 square feet, granite counters, wood floors and a large backyard. It appears that some remodeling on this home was completed but it still needs a little work. If you’r interested in seeing this aggressively priced home ($194,000) give our team a call at 303-726-1874.

Acres Green Homes

HUD Owned Home 327 helena cir littleton 80124 $194,000.00

Beds: 4 Fin Sq Ft: 1853 Baths: 2 Year: 1973 Acres:0.16 # of Photos Avail: 5 V-tour Available: No MLS #: 1023896 Listing Office: envision it sold, inc

Broker Remarks: great family home. some remodeling complete. granite counters.wood floors. large back yard with patio. needs minor tlc t… more… Disclosures

If you’d like more information on Littleton foreclosures or any other Littleton homes for sale, call our team today at 303-726-1874.

 In my opinion, Windmill Creek Condos still provides the best value for any condo complex in the DTC area. These newer units show very well and a 2 bedroom unit sells under $110,000. Located south of Arapahoe west of Jordon road, this complex is minutes from the tech Center, I-25 and E-470.

The amenities in the complex are second to none. With incredibly low HOA fees ($128 a month) this complex still offers a fitness center, clubhouse, business center, pool, hot tub and sand volley ball pit! You can’t find those amenities anywhere in the south metro area with an HOA fee that low!

HUD just listed a 2 bedroom unit yesterday (see below). In addition, if you’re looking for a unit already in pristine condition, check out our listing below. Our sellers just reduced the price on this gorgeous unit to $109,900. If you’re interested in either of these homes, give our team a call at 303-726-1874 to learn more or schedule a showing.

 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

7440 s blackhawk st englewood, CO 80112 $109,900.00

Beds: 2 Fin Sq Ft: 1056 Baths: 2 Year: 2002 # of Photos Avail: 5 V-tour Available: Yes MLS #: 967882 Listing Office: mb the brian petrelli team

Broker Remarks: perfect ground floor, 2 bedroom, 2 bath home in fantastic shape. two outdoor secure porches – one off of your bedroom. u… more… Disclosures

 If you’d like to learn more about Englewood condos or Englewood HUD homes, give us a call at 303-726-1874.

 There haven’t been many new Thornton HUD homes released over the past few weeks. That all changed this weekend when HUD released 3 HUD homes in Thornton within 24 hours of each other. The three homes vary quite a bit in size and style, but all of them are great deals for their neighbrohoods.

  Thornton HUD Homes

The first listing is located right in the middle of Thornton, between Thornton Pkwy and 88th Ave. Just a block from Community Park and a mile from I-25, the location of this smaller home is idea.

HUD Owned Home 9200 lillian ln thornton 80229 $110,000.00

Beds: 3 Fin Sq Ft: 1176 Baths: 2 Year: 1955 Acres:0.14 # of Photos Avail: 5 V-tour Available: No MLS #: 1022488 Listing Office: new & company

Broker Remarks: brick home with 3 bedrooms, 2 baths. large updated kitchen, newer windows. updated baths. great value!!… more… Disclosures

 Meadow Park Thornton

Meadow Park is located on the northern end of thornton just south of 128th and east of Colorado. With East Lake Shores Park and Eagleview Park within walking distace, this is a fantastic lkocation for anyone looking in the north Metro Denver area.

HUD Owned Home 4642 e 127th pl thornton 80241 $180,000.00

Beds: 3 Fin Sq Ft: 1475 Baths: 3 Year: 2001 Acres:0.14 # of Photos Avail: 5 V-tour Available: No MLS #: 1022429 Listing Office: elist realty, llc

Broker Remarks: great opportunity to own this 3 bedroom 2.5 bath home on fenced lot with large main deck and additional deck off master … more… Disclosures

North Creek Farms Thornton

Just north east of the I-25 and E-470 intercetion lies North Creek Farms in Thorton. This location is perfect for anyone communting to almost any part of the metro area. E-470 will take you directly to Aurora, DTC or DIA, and I-25 allows easy access to northern colorado as well as Downtown Denver.

HUD Owned Home 16567 lafayette st thornton 80602 $215,000.00

Beds: 4 Fin Sq Ft: 2131 Baths: 3 Year: 2001 Acres:0.14 # of Photos Avail: 5 V-tour Available: No MLS #: 1022403 Listing Office: great way re exclusive prop

Broker Remarks: buy me! great deal on this beautiful 2 story with wood floors & vaulted ceilings** will not last long!!*hud home sold as… more… Disclosures

 If you would like to see any of these Thornton homes for sale, give our team a call at 303-726-1874 today. We can help you with Thornton HUD homess, foreclosures, short sales or any available home on the market.

 Highlands Ranch Foreclosures are always in high demand. Almost every time we see one come up in Highlands Ranch, it receives multiple bids and disappears quick. If you’re interested in making a bid on a Highlands Ranch Foreclosure, make sure you have several things in place:

1. Make sure you Real Estate Agent can write HUD contracts! If you ask your agent if they are registered with HUD and they give you a blank stare, find another agent. The HUD process has changed dramatically in the last 12 months and if your agent isn’t already registered, you will not be able to submit an offer.
2. Lender Letter / Proof of Funds: Be ready to provide proof of your financial capabilities before you start looking. Banks / HUD will not consider your offer if you are not already pre-qualified
3. Be Familiar with the Contracts: Make sure you’re working with an agent that has explained to you the differences in standard Colorado Real Estate contracts, HUD contracts and Bank Addendum / Disclosures. The time to learn about how to submit an offer is long before you find the home you want to purchase.

 Our team is comprised of experts on Highlands Ranch foreclosures and Denver HUD homes. Give us a call today to learn more about the process: 303-726-1874.

In the meantime, check out this brand new HUD home in Highlands Ranch that was just put oon the market this weekend: 

HUD Owned Home 9924 aftonwood st highlands ranch 80126 $220,000.00

Beds: 3 Fin Sq Ft: 1598 Baths: 3 Year: 1999 Acres:0.09 # of Photos Avail: 5 V-tour Available: No MLS #: 1022085 Listing Office: westfall & company marketing

Broker Remarks: hud owned*sold as is*nice 3 bed 3 bath home*wood floors*large loft area*private backyard with mature trees!… more… Disclosures

 If you are interested in any other Highlands Ranch homes for sale or would like to learn more about Highlands Ranch short sales or foreclosures, give us a call at 303-726-1874. We can help you evaluate all of your choices in the area, from Highlands Ranch Patio homes to condos, to single family homes.

We’ve seen a surge in Buyer interest for Denver Patio homes over the last few weeks. Many of our new clients are looking for a lower maintenance living option without the shared walls and common areas typical of a townhome or condo. I’m a big fan of patio homes. I lived in one with my wife for 4 years and thoroughly enjoyed not having to mow my lawn or shovel snow.

HUD recently listed a Patio home located in the Green Valley Ranch Denver  neighborhood. This is a large (1,700 square foot) home with 3 bedrooms, 3 baths and a 2 car garage. This gated community offers some amazing values on low maintenance living.

If you’d like to speak with our team about his or any other Denver homes for sale, give us a call at 303-726-1874.

 Denver Patio Homes

HUD Owned Home 20000 mitchell pl denver 80249 $128,000.00

Beds: 3 Fin Sq Ft: 1753 Baths: 3 Year: 2002 Acres:0.08 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1015451 Listing Office: re/max professionals

Broker Remarks: 20000 mitchell pl. unit#21 – nice two story home with 2 car garage patio home in gated community, mitchell place. locate… more… Disclosures

 There are many communities throughout the metro Denver area offering Patio Home living. We have created instant search pages for all of the major cities and their available patio homes. Check out the links below.

 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

The Windmill Creek Condos complex is one of the best values for any neighborhood in the south east metro area. THese newer condos offer great floor plans, upgraded features and an HOA with the best amenities and incredibly low HOA fees.

The HOA in this neighborhood includes a clubhouse with fitness room, business center and large open area. Plus a pool, hot tub and sand volleyball pit. All of this is included in HOA payments as low as $128 a month! You can search the entire inventory of Denver Tech Center condos and never be able to match that.

Our sellers on this gorgeous 2 bedroom, ground floor, Windmill Creek unit just reduced their price to $109,900. This is not a short sale or a foreclosure – no waiting on the bank.

If you’d like to see this, or any other Englewood condos, give our team a call at 303-726-1874.

Windmill Creek Condos

7440 s blackhawk st englewood, CO 80112 $109,900.00

Beds: 2 Fin Sq Ft: 1056 Baths: 2 Year: 2002 # of Photos Avail: 5 V-tour Available: Yes MLS #: 967882 Listing Office: mb the brian petrelli team

Broker Remarks: perfect ground floor, 2 bedroom, 2 bath home in fantastic shape. two outdoor secure porches – one off of your bedroom. u… more… Disclosures

The Sturbridge Townhomes neighborhood is one of the most sought after areas in Centennial. Located next to the prestigious Homestead Homes neighborhood, this complex has gorgeous grounds with a wonderful greenbelt, large trees and meticulous landscaping. It’s central location puts it on the western edge of the tech center and just 2 miles to I-25. 

For anyone considering Centennial townhomes this is a complex you have to put on your list.

Our team just listed a absolutely perfect, 3 bedroom, 3 bath home in this neighborhood. With wood floors, custom paint and all the finishing touches, the inside shines. Outside, it has a private back patio, a covered front porch and a 2 car garage.

We expect this home to sell quickly, so if you’re interested in seeing it, give on of our agents a call at 303-726-1874.

Sturbridge Townhomes

7059 e briarwood dr centennial, CO 80112 Sturbridge $209,500.00

Beds: 3 Fin Sq Ft: 1419 Baths: 3 Year: 1983 # of Photos Avail: 5 V-tour Available: Coming Soon MLS #: 1021080 Listing Office: mb the brian petrelli team

Broker Remarks: truly the nicest unit in sturbridge! custom paint, wood floors, private back patio and covered front porch. a/c, large b… more… Disclosures

Our team can help you with any available Centennial homes for sale. Give us a call today to learn more about the area: 303-726-1874.