The Brian Petrelli Team Blog

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

Our team has been showing many Denver HUD homes over the past few months. This past week, we had a client looking at Littleton foreclosures. We placed a bid on the HUD home below on Friday and received word today that the bid was accepted!

I want to use this opportunity to again educate buyers considering foreclosures in the Denver metro area. The best deals are moving very quickly! This home was on the market for the minimum amount of time a HUD is required to be listed and was immediately placed under contract once bidding was opened. Our buyer made a strong offer and we were able to beat other bids.

However, we have had several clients, against our advice, submit very low bids on foreclosures and HUDs only to be outbid or flat out rejected by banks. If you are going to bid on a HUD home, make sure you research the nearby homes and make an educated bid. In most cases, banks have done their research on the homes they have listed, and severely low bids won’t be accepted.

If you’d like to talk to our team about Denver HUD homes, give us a call. We can help you navigate the process and provide you with up to date market statistics to help you make the smartest bids: 303-726-1874.

Acres Green Littleton CO

Here’s the home our client just received an accepted HUD bid on:

HUD Owned Home 13183 acres green dr littleton 80124 $175,000.00

Beds: 4      Fin Sq Ft: 1764 Baths: 2     Year: 1977 Acres:0.23 # of Photos Avail: 5 V-tour Available:  No MLS #: 967403 Listing Office: envision it sold, inc

Broker Remarks: great family home. oak kitchen cabinets. newer appliances. some remodeling completed. needs some tlc to shine. huge back… more… Disclosures

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 team’s agents are working with buyers looking at Denver condos. One of the top priorities in these buyers’ searches is the desire to live near a park. The largest of the Denver area parks, City Park, offers plenty of activities for everyone: The Denver Zoo, City Park Golf Course, The Denver Museum of Nature and Science, 2 lakes, and more.

Searching for City Park Denver Condos can be a little tricky, and some of the best complexes are a few blocks away. For instance, we have a listing in the Franklin Street Condos that is only a few blocks from the park, but won’t come up on a search for “City Park Condos.”

If you’re interested in this area, give our team a call and we can help you find the right home in the right area for you: 303-726-1874.

Franklin Street Condos

1760 n franklin st denver, CO 80218 $99,900.00

Beds: 1      Fin Sq Ft: 530 Baths: 1     Year: 1905 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 965327 Listing Office: mb the brian petrelli team

Broker Remarks:  completely remodeled, filled w. character, hardwoods, exposed brick, new kitchen, bath, windows, plumbing/electric. high… more… Disclosures

 Keep in mind, this listing is one of several Denver short sales our team is working on. If you’d like to learn more about this, or any other Denver foreclosures or short sales, call us at 303-726-1874.

 Our team is constantly monitoring Highlands Ranch Foreclosures. This unit has been on the market for a couple months, but we thought it worth mentioning again. I have never seen Highlands Ranch condos sell for this low of a price. Ever.

This is a 1 besom unit in Sugarmill Condos Highlands Ranch. Sugarmill is a wonderful complex located a quarter mile east of Broadway on Highlands Ranch Pkwy. It’s close to just about everything. You can walk to shops, the rec center, parks and much more. While Sugarmill is primarily made up of Townhome style homes, this is one of a handful of condo style units.

At just under 500 square feet, its not a huge home, but you can’t argue with the price. Give our team a call at 303-726-1874 today to see this home. Our office is 5 minutes away and if you’re looking for Highlands Ranch homes for sale, this one is definitely worth a look.

 Sugarmill Condos Highlands Ranch 

HUD Owned Home 859 summer dr highlands ranch 80126 $64,300.00

Beds: 1      Fin Sq Ft: 496 Baths: 1     Year: 1984 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 951704 Listing Office: re/max professionals

Broker Remarks: 1 bedroom/1 bathroom in sugarmill condos! own a condo in a desired highlands ranch community! close to shops, schools an… more… Disclosures

 Call us at 303-726-1874 to discuss Highlands Ranch foreclosures, resales and Highlands Ranch Short Sales. Use our experience to help you find the home of your dreams!

 Saddle Ridge Condos are located at the corner of Dry Creek and Yosemite. With the new light rail station at Dry Creek and I-25 ( a mile away) and other condo communities being built nearby, this neighborhood is becoming one of the most popular area for buyers looking at Centennial condos.

 We have blogged about this HUD listing in the past, but with the recent price drop, this condo is one of the best deals available in the Denevr Tech Center area. In addition to the granite counters, gas fireplace and walk in closets, this home is one of a very few in the area with an attached garage for under $120,000!

If you’d like to see this home, give our team a call at 303-726-1874 today. You have a tough time finding any other Centennial foreclosures or Centennial short sales in this condition, for this price!

Saddle Ridge Condos

HUD Owned Home 8747 e dry creek rd centennial 80112 $117,000.00

Beds: 2      Fin Sq Ft: 962 Baths: 2     Year: 1994 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 945487 Listing Office: re/max professionals

Broker Remarks: updated 2 bedroom/2 bathroom condo in the quiet saddle ridge community. this beautiful unit is 962 square feet and featu… more… Disclosures

Our team can help you with all of the available Centennial homes for sale. Navigating the complex world of resales, short sales and Colorado bank owned homes can be tricky. Make sure you have our experienced team on your side. 

Over the past few weeks, our team has been working with several investors looking at Littleton condos. Today a new HUD home came on the market in the Hickory Place Condos neighborhood.

Hickory Place condos is an ideal complex for anyone that wants to take advantage of some of Littleton best parks. Belleview Park, Progress Park and Cornerstone Park are all within easy walking distance of this complex. In addition, Pirates Cove and a fantastic Miniature gold course are less than a mile away.

This new listing in Hickory Place Condos is a 1 bedroom, 1 bath unit with over 600 square feet. It has wood floors, a fireplace and a patio. Check it out and then give our team a call to see this or any other Littleton foreclosures or Littleton short sales at 303-726-1874.

 Hickory Place Condos

HUD Owned Home 5250 s huron way littleton 80120 $62,000.00

Beds: 1      Fin Sq Ft: 640 Baths: 1     Year: 1986 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 969624 Listing Office: re/max professionals

Broker Remarks: this 1 bedroom/1bathroom condo is a great opportunity for a first time buyer!conveniently located clost to cornerstone a… more… Disclosures

 Located north west of Kipling and Bowles, Foothills Green Littleton is a well established area that was built in the late 1970s. Homes range from the high 100’s to the mid 300’s depending on size and condition, but right now HUD has a HUGE, 2,468 square foot home in this neighborhood for just $200,000!

With the many nearby parks and shopping as well as its proximity to C-470 and the foothills, this is a great neighborhood anyone looking at Littleton homes for sale should consider.

Give us a call at 303-726-1874 to see it before its gone. 

 Foothills Green Littleton

5803 s miller st littleton 80127 $200,000.00

Beds: 3      Fin Sq Ft: 2468 Baths: 2     Year: 1978 Acres: # of Photos Avail: 5 V-tour Available:  No MLS #: 969560 Listing Office: colorado home real estate

Broker Remarks: fha case # 052-452780. hud homes are sold as-is. ask your agent for details. wonderful home in culdesac with huge deck… more… Disclosures

 Our team can help you navigate the complex world of Littleton foreclosures and Littleton Short sales. Give us a call at 303-726-1874 and get all of your questions answered.