The Brian Petrelli Team Blog

Wow.

We blogged about this Castle Rock foreclosure a week ago. This is a HUD home in Founders Village that was priced at $195,000. At that price it was a good deal. Today, HUD dropped the price to $175,500 – an amazing deal for Founders Village or anyone looking at Castle Rock homes for Sale.

At reduce price this home is not going to last long. Give our team a call today to set up a time to see it at 303-726-1874.

For those of you unfamiliar with Founders Village Castle Rock, this is a large neighborhood roughly 2 miles east of I-25 near Plum Creek Pkwy and Ridge rd. Homes range in price from the high $100’s to the mid $300’s.

Founders Village Castle Rock

HUD Owned Home 1255 parsons ave castle rock 80104 $175,500.00

Beds: 3      Fin Sq Ft: 1691 Baths: 2     Year: 1999 Acres: # of Photos Avail: 5 V-tour Available:  Yes MLS #: 958171 Listing Office: re/max professionals

Broker Remarks:  3 bedroom 2 bath home in quiet neighborhood! light & bright colors in this spacious two story! the home features wood … more… Disclosures

 Call s today to learn more about Castle Rock foreclosures and Castle Rock short sales at 303-726-1874.

Our team is thrilled to showcase our new listing in the Dutch Ridge Littleton Townhomes complex! This is a gorgeous complex located in the heart of south west Littleton just east of Kipling and south of Coal Mine.

With a number of greenbelts surround the neighborhood and the building’s unique architecture, this is one of the most popular complex for buyers looking at Littleton townhomes.

This listing is a completely remodeled, 2 bedroom townhome with wood floors, newer furnace and hot water heater and an unbeatable price – $109,000! You can see this home today, just give our team a call at 303-726-1874 to set up a time to see it.

Dutch Ridge Littleton Townhomes

6744 s independence st littleton, CO 80128 $109,000.00

Beds: 2      Fin Sq Ft: 870 Baths: 1     Year: 1983 # of Photos Avail: 5 V-tour Available:  No MLS #: 946545 Listing Office: mb the brian petrelli team

Broker Remarks: remodeled, new designer glass splash back in kitchen, newer furnace and hot water heater, blowout price, gorgeous locati… more… Disclosures

 There are several fantastic deals on Littleton condos and Littleton townhomes and no one has the knowledge of the area that we do. Give us a call today at 303-726-1874 and let us help you find the perfect home!

Littleton Subdivision Condo Searches: 
cambridge commons Littleton Condos and Townhomes, cambridge in the foothills Littleton Condos and Townhomes, cay at marina pointe Littleton Condos and Townhomes, Chateaux Beaumar Littleton Condos and Townhomes, Chatfield Littleton Condos and Townhomes, Chatfield Bluffs Littleton Condos and Townhomes, Chatfield Commons Littleton Condos and Townhomes, Colony at Marina Pointe Littleton Condos and Townhomes, Columbine Littleton Condos and Townhomes, Columbine Townhouses Littleton Condos and Townhomes, Dakota Station Littleton Condos and Townhomes, Dancing Willows Littleton Condos and Townhomes, Deer Creek Littleton Condos and Townhomes, Dutch Ridge Littleton Condos and Townhomes, Fallingwater Littleton Condos and Townhomes, Hickory Place Littleton Condos and Townhomes, Ken Caryl Ranch Littleton Condos and Townhomes, Lexington Village Littleton Condos and Townhomes, Littleton Littleton Condos and Townhomes, Marina Pointe Littleton Condos and Townhomes, Millbrook Littleton Condos and Townhomes, Miralago Littleton Condos and Townhomes, Mountain Gate Littleton Condos and Townhomes, Pinnacle at Highline Littleton Condos and Townhomes, Prescott Street Littleton Condos and Townhomes, Redstone Ridge Littleton Condos and Townhomes, Reef at Marina Pointe Littleton Condos and Townhomes, riverwalk Littleton Condos and Townhomes, Roxborough Littleton Condos and Townhomes, Southbridge Littleton Condos and Townhomes, Southpark Littleton Condos and Townhomes, Stanton Farms Littleton Condos and Townhomes, Star Canyon Littleton Condos and Townhomes, Steeplchase Littleton Condos and Townhomes, Stony Creek Littleton Condos and Townhomes, Sundown Ridge Littleton Condos and Townhomes, Terrace at Columbine Littleton Condos and Townhomes, Township Littleton Condos and Townhomes,

I’d like to take a minute to introduce Diane Nazminia to our team. Diane has been selling real estate in the Denver area for over 30 years and brings a wealth of experience with her. Diane specializes in Ken Caryl Littleton homes and has extensive knowledge of the area.

You can reach Diane at 720-299-3778 or check out her website.

We have several clients looking in Ken Caryl Littleton right now. We recently pulled up the market stats and wanted to share them with you here:

Ken Caryl Littleton Homes Stats

 Sold

 “Based on information from Metrolist®, Inc. for the period August 2010 through February 2011

Note:

This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

 You can see all Littleton homes for sale and Littleton foreclosures on our website.

The Meadows Castle Rockis a large community on the western side of Castle Rock. With several different developments and phases, Castle Rock homes for sale in the area range from the high $100’s to the high $500’s. Because of this wide range of styles, sizes and prices, nearly anyone looking for homes in Castle Rock will have one or more of these homes pop up on their list of possibilities.

Yesterday, HUD listed a fantastic ranch model in The Meadows. This homes has 2 beds, 2 baths, an office, 1,652 square feet, all on one level, for $263,000. Ranch models in this area don’t come up often, and this is a great price. If you’d like to have a look at it, call our team today at 303-726-1874.

The Meadows Castle Rock

HUD Owned Home 3958 scarlet oak ct castle rock 80109 $263,000.00

Beds: 2      Fin Sq Ft: 1652 Baths: 2     Year: 2003 Acres:0.16 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 972193 Listing Office: re/max professionals

Broker Remarks: this is a beautiful ranch style home in meadows! cul-de-sac location! it features an open floor plan, vaulted ceilings, … more… Disclosures

 Our team can help you with Castle Rock foreclosures and the more complicated, Castle Rock Short Sales. Give us a call today to learn how we can make sure you get the best home available in Castle Rock: 303-726-1874.

Castle rock Subdivision Home Searches:
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Our team will be holding an open house on two Highlands Ranch condos this Sunday from 11-2. These two condos are located in Canyon Ranch Condos Highlands Ranch.

We will have a two bedroom unit as well as a three bedroom unit open and ready for you to view. The details on both of these great homes are below.

Canyon Ranch is located on the south west corner of County Line rd and Colorado blvd. Just follow the signs and Ray Newhart on our team will be happy to show you both of these homes. If you would like to see these units at a different time, just give our team a call at 303-726-1874 and we’ll make it work.

3825 canyon ranch rd highlands ranch, CO 80126 $129,900.00	Beds: 2      Fin Sq Ft: 1077 Baths: 2     Year: 1997 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 966347 Listing Office: mb the brian petrelli team	Broker Remarks:  gorgeous home with vaulted ceilings, upgraded lighting, fans, tile bathrooms, and upgraded window coverings. great views… more… Disclosures
8437 thunder ridge way highlands ranch, CO 80126 $149,900.00	Beds: 3      Fin Sq Ft: 1282 Baths: 2     Year: 1996 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 952954 Listing Office: mb the brian petrelli team	Broker Remarks: motivated seller! offering carpet allowance. fantastic 3 bedroom condo with a garage! granite counters and all applianc… more… Disclosures

Highlands Ranch Subdivision Condo Searches: 
Bradford Hills highlands Ranch Condos and Townhomes, Brownstones highlands Ranch Condos and Townhomes, Carlyle Park highlands Ranch Condos and Townhomes, Canyon Ranch highlands Ranch Condos and Townhomes, Clocktower highlands Ranch Condos and Townhomes, Gleneagles highlands Ranch Condos and Townhomes, Gold Peak Highlands Ranch Condos and Townhomes, Highlands Ranch Condos and Townhomes, Highland Walk highlands Ranch Condos and Townhomes, Palomino Park Highlands Ranch Condos and Townhomes, Settlers Village highlands Ranch Condos and Townhomes, Shadow Canyon highlands Ranch Condos and Townhomes, Stonybridge highlands Ranch Condos and Townhomes, Sugarmill highlands Ranch Condos and Townhomes, Sundance highlands Ranch Condos and Townhomes, Town Center highlands Ranch Condos and Townhomes, Tresana highlands Ranch Condos and Townhomes,

Our team put two Littleton HUD homes under contract this week. We’re showing several more Littleton foreclosures to clients this weekend and we wanted to highlight a few of the best HUD deals on Littleton condos we’ve found.

If you’d like to see any of these great deals, call our team at 303-726-1874 to set up a showing.

Dakota Station Littleton

There are a couple of great deals on Dakota Station townhomes available right now. You can get a two bedroom Littleton townhome for under $95,00)

HUD Owned Home 9623 w chatfield ave littleton 80128 $92,000.00

Beds: 2      Fin Sq Ft: 1006 Baths: 2     Year: 1984 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 955955 Listing Office: re/max alliance

Broker Remarks: hud property*fha insured (in)* close to everything*great opportunity to make your homeownership dreams come true*nice pa… more… Disclosures

 Dutch Ridge Townhomes

There’s a good deal on a larger model in Dutch Ridge. Nearly 1,500 square feet.

HUD Owned Home 9476 w ontario dr littleton 80128 $117,000.00

Beds: 2      Fin Sq Ft: 1491 Baths: 2     Year: 1983 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 955876 Listing Office: re/max professionals

Broker Remarks: spacious 2 bedroom, 2 bath townhouse in the quiet dutch ridge community! the home features an open floor plan, large ki… more… Disclosures

If you’d like a fixed-up and remodeled home, check out this listing offered by our team:

6744 s independence st littleton, CO 80128 Dutch ridge $109,000.00	Beds: 2      Fin Sq Ft: 870 Baths: 1     Year: 1983 # of Photos Avail: 5 V-tour Available:  No MLS #: 946545 Listing Office: mb executive realty group, inc	Broker Remarks: remodeled, new designer glass splash back in kitchen, newer furnace and hot water heater, blowout price, gorgeous locati… more… Disclosures

  Steeplechase Littleton

Steeplechase is one of the few neighborhoods in the Littleton area that offers condos with attached garages. This one bedroom is two stories with a loft area and has a large attached garage.

HUD Owned Home 3030 w prentice ave littleton 80123 $111,000.00

Beds: 1      Fin Sq Ft: 814 Baths: 1     Year: 1986 # of Photos Avail: 5 V-tour Available:  No MLS #: 955438 Listing Office: domaine real estate

Broker Remarks: nice 2 story townhouse w/att gar, fireplace, pool. great location near littleton golf and tennis club. easy commute ac… more… Disclosures

 Again, if you’d like to see any of these homes or talk to our team about Littleton Short Sales or foreclosures, call us at 303-726-1874. Let our expertise help you find the best deal available!

We have several buyers considering Centennial Foreclosures. This morning, one of our team members came across this fantastic HUD deal in Park View Greens Centennial. This is a HUGE, 2,454 square foot home with 5 bedrooms and 4 baths. Priced at just $193,000, this home will not last long, so if you’d like to see it, call our team today at 303-726-1874.

Park View Greens is located in the eastern part of Centennial near C-470 and Smoky Hill rd. It’s proximity to E-470 makes for an easy commute to the Tech Center and easy access to anywhere in the Denver area.

Park View Greens

HUD Owned Home 21484 e crestline ln centennial 80015 $193,000.00

Beds: 5      Fin Sq Ft: 2454 Baths: 4     Year: 1996 Acres:0.12 # of Photos Avail: 5 V-tour Available:  No MLS #: 970688 Listing Office: keller williams dtc

Broker Remarks: hud home, sold as is w/no warranties. hud case # 052-389882 bid deadline daily @ 11:59 pm-daily thereafter – all bidder… more… Disclosures

 Our team can help you with any of the available Centennial Homes for Sale. Give us a call at 303-726-1874 to discuss your options and to learn more about Centennial Short Sales and Foreclosures.

 Our team has been showing a bunch of homes in Lakewood over the past few months. This past few weeks, one of our clients has been focusing on Lakewood condos. That’s why we were so excited when we saw this HUD home hit the market.

It’s a 2 bedroom, 3 bath townhome in Tall Pines Lakewood. This unit has nearly 1,400 square feet plus an unfinished, 570 square foot basement, and is listed at just $128,000! 

For those of you unfamiliar with the area, Tall Pines is located just south of Hampden and west of Sheridan. It’s easy access to Hampden makes this home ideally located for an easy commute to Denver or drive to the mountains.

Give our team a call at 303-726-1874 today to see this home for yourself.

Tall Pines Lakewood CO 

3657 s depew st lakewood 80235 $128,000.00

Beds: 2      Fin Sq Ft: 1373 Baths: 3     Year: 1985 # of Photos Avail: 5 V-tour Available:  No MLS #: 969939 Listing Office: coldwell banker residential 24

Broker Remarks:  great location with easy access to mountains or downtown. 2 bedroom 3 bath end unit townhome that backs to green space a… more… Disclosures

 Our team can help you with Lakewood Foreclosures, Lakewood short sales or any homes for sale in Lakewood that you are interested in. Call us today at 303-726-1874 to talk to us about what you’re looking for.

Those of us in the real estate industry have been watching this story develop. It will definitely impact Colorado Foreclosures, but will also have a major impact on the nationwide housing market.

The core of these negotiations is whether the government can force banks to reduce the principal on mortgage balances for home owners who owe more on the home than the home is worth.

There have been well documented abuses by lenders on home owners struggling with mortgage payments, and many accusations of frauds against banks for seizing these foreclosures fraudulently.

However, as you read the article, keep this in mind: If banks are forced to reduce the principal on loans they have already made, thus decreasing their revenue, where will they recoup those losses? It doesn’t take a doctorate in economics to realize that costs will be passed on to new home buyers in the form of higher interest rates and fees. Those higher costs mean that the home buying power these new buyers have will be reduced. Ask yourself what that does to the real estate market.

You can read the entire article at the Washington Post:

 Government settlement with financial industry over foreclosure practices draws near

State and federal officials, who have been negotiating with financial firms over how to address widespread abuses in foreclosure practices, are moving closer to a settlement that could force banks to reduce the principal on mortgages for some borrowers who owe more than their homes are worth.

An official familiar with discussions between the government and the financial industry said the settlement also could require that banks increase their efforts to modify mortgages for distressed borrowers and pay penalties that could be used as restitution for homeowners who have wrongfully faced foreclosure.

Read the entire article.

It remains to be seen what impact this will have on Colorado foreclosures and homes in the metro area. Our team already has several Short Sale negotiators on staff to help you with Denver Short Sales. If you’r in a position where you owe more than your home is worth, give us a call at 303-817-0209, and we can talk to you about Short Sale options and help you understand the process. We do it everyday.

Metro 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

This week, our team has had 2 clients win bids on Littleton HUD homes. This is exciting for our clients and we’re thrilled to help them in the process. However, we have also had a couple clients lose several HUD and foreclosure bids on homes over the past month. Here are a few tips to help you make the winning bid on Denver HUD homes or foreclosures:

Don’t Ignore The Market

If you’re placing a bid on a foreclosure, research the recently sold homes in the area. If homes are selling for $250,000 in the neighborhood and the foreclosure is in decent condition and listed fo $220,000, the bank is not going to accept a bid of $150,000 – especially if the home has only been listed a week. Ignore the media and the well intentioned advice of friends and family and focus on the data.

Move Quickly

If you find a home you want to make an offer on, DO NOT WAIT! We’ve seen buyers find a home they loved but wanted to “wait a few days” to make an offer. During that time, other bids came in and our client lost the home. It’s a heartbreaking experience. Don’t listen to the media; Colorado bank owned homes in decent condition in many neighborhoods are moving very, very quickly.

Get Set Up On Daily Property Alerts

As I mentioned, the best homes are going very quickly and you need your bid to be the first bid recieved by the bank. To do that, you need to learn about the new listings the day they hit the market. Give us a call at 303-726-1874 or visit our website and get set up on daily email alerts in the area you’re interested in. When you receive the email in the morning, look the properties over and give us a call to see the homes that day. 

We’ve been selling Denver HUD homes for a long time. Let our experience work for you. Give us a call at 303-726-1874 and let us know what you’re looking for. We’d love for you to be our next client who gets a winning HUD bid!

Our client just won the bid on this Littleton HUD Home in Fairview Heights Littleton:

HUD Owned Home 7905 s cody st littleton 80128 $172,000.00

Beds: 2      Fin Sq Ft: 2317 Baths: 2     Year: 1977 Acres: # of Photos Avail: 5 V-tour Available:  No MLS #: 967676 Listing Office: colorado home real estate

Broker Remarks: fha case# 052-344757. hud homes are sold ‘as-is’. ask your agent for details. nice large home with updates, beautiful … more… Disclosures

 Give us a call at 303-726-1874 to talk about all of the available Littleton Homes for Sale.

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