The Brian Petrelli Team Blog

We almost missed this listing because it was entered as “Littleton” and not “Highlands Ranch.” However, this is indeed a Highlands Ranch HUD home. A rare find.

Located just West of Quebec and South of University, this home is located in Intravest, Highlands Ranch (although most people would simply think of it as Eastridge Highlands Ranch).

Listed at $225,000, you will have a difficult time finding a Highlands Ranch Home with 4 beds and 3 baths for less. This home also has over 1,600 finished square feet.

Bids for owner occupants are due by July 4th at midnight. Give us a call to schedule a showing at 303-817-0209 or click the link belwo for more information.

10481 cheetah winds
littleton 80124

$225,000
Beds: 4      Baths: 3
Fin Sq Ft: 1654     Year: 2000

You can see all Highlands Ranch Homes for Sale here.

We had two new Littleton HUD Homes pop up on our system this week.

The first home is located at 11162 Powers Pl in Foothills Green, Littleton.

Just North East of Simms and Bowles, this Littleton Home is priced at $168,000, has two beds, two baths and is priced at $168,000. This home is an amazing deal providing more than 1,500 square feet.

The location of Foothills Green gives you easy access to C-470, the foothills and Chatfield Reservoir. This home will not last long at this listing price.

You can see the full details at this link:

11162 w powers pl
littleton, CO 80127

You can see all Homes for Sale Littleton Colorado here.

There is an article in the Denver Post today titled: “Record-low mortgage rates boon for housing”. the headline itself is deceiving since the article goes on to explain that the “boon” is really only for higher end housing.

While deceiving, the article has a good point. With rates well below 5% for a 30 year fixed mortgage (Jumbos are near 5.75%), many High End buyers are seeing the value in buying even in a depressed market. The savings on a high end home can be huge. Using a $800,000 home as an example, a 1% increase in rates can mean buying now gives you the same mortgage payment as if you purchased a $700,000 home.  

We’re seeing many of our clients who had put off looking in neighborhoods like Backcountry, Highlands Ranch and Falcon Hills, Highlands Ranch begin to realize that this is an amazing opportunity.

If you’re in this group, don’t let this chance pass you by. You can see all Highlands Ranch Homes for Sale here, or you can call us at 303-817-0209.

Attention Investors! 

Westford Townhomes, Lakewood, CO are located just south of 6th ave and East of Kipling.

This is a great complex with townhomes usually selling in the low to mid $200’s. That’s why this Lakewood Townhome listed at $148,500 is such a great deal for either a homeowner or an investor!

With 2 beds and 2 baths, this townhome has nearly 1,300 finished square feet. Whether you’ve been considering a Lakewood HUD home or not, you should put this home on your list to check out. Use the link below or give us a call at 303-726-1874 to get more information.

 9123 w cedar
lakewood, CO 80226


$148,500.00

It looks like a Short Sale is about to become much, much better than simply walking away from your home. Fannie Mae is ready to start penalizing home owners who use “strategic defaults” (read “walk away”) for up to 7 years.

From the Wall Street Journal:

Fannie Set to Penalize Defaulters

Fannie Mae said Wednesday it would “lock out” borrowers from getting a new loan for seven years if they default on a mortgage they could afford to pay.

The move represents the latest effort by the mortgage industry to prevent a new wave of losses that could result if more borrowers who can afford their monthly payments instead opt to “strategically” default on loans, because they owe far more than their homes are worth.

“Walking away from a mortgage is bad for borrowers and bad for communities, and our approach is meant to deter the disturbing trend toward strategic defaulting,” said Terence Edwards, Fannie’s executive vice president for credit portfolio management.

 Read the entire article.

If you’re looking for Denver Fannie Mae Homes, check out our website. You can also search Denver HUD Homes.

Our team is excited we were able to put this Heather Gardenscondo Under Contract for our seller so fast. This condo had been listed by another agent for over 4 months when the seller called us in frustration. 36 days later, here we are.

Heather Gardens is a fantastic 55+ condo community in Aurora, Colorado. There is no finer Aurora Condo neighborhood that has the facilities that Heather Gardens offers.

We’re still accepting back-ups, so take a look at this great home.

14091 e marina
aurora, CO 80014 

 Our listing in Castlewood Ranch, Castle Rock has just reduced it’s price to $439,000!

This is an amazing home with a gourmet kitchen, cherry cabinets and an unbelievable view of Pike’s Peak! This fantastic house has 4 beds, 4 baths and nearly 3,500 finished square feet.

The Castlewood Ranch neighborhood is located near Ridge and Plum Creek just East of I-25.

 Take a look at one of the finest Castle Rock Homes for Sale by following the link below and taking a virtual tour. Then give us a call. We’d love to tell you more and let you see this home for yourself! 

5486 killen ave
castle rock 80104

$439,000.00

This townhome in Dakota Station Townhomes, in Littleton is a FANTASTIC deal!

With 3 bedrooms, 3 baths, and 1,345 square feet this home is priced at $155,000 – a terrific value! Dakota Station is located just north of Chatfield at Kipling. Just 2 miles from Chatfield State Park and 1 mile from C-470.

For pure value in Littleton Condos for Sale, this complex is at the top of the list and this HUD home is a great deal.

In addition, bids are open right now for investors as well as owner occupants.

Check out the complete information below and then give us a call to see this great townhome. 

9647 w chatfield
littleton, CO 80128

$155,000.00

It may have been well intentioned, but the Making Home Affordable Program is not having the desired consequences.

According to this AP article, more than a third of the borrowers who have enrolled have dropped out of the program already.

What will most likely happen with most of these owners is they will either foreclose or attempt a Short Sale. We’ve already had many phone calls from people who tried this program and have decided a Short Sale is a better way to go.

You can read The entire article at the Denver Post:

WASHINGTON-The Obama administration’s flagship effort to help people in danger of losing their homes is falling flat.

More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. That exceeds the number of people who have managed to have their loan payments reduced to help them keep their homes.

Last month alone,155,000 borrowers left the program-bringing the total to 436,000 who have dropped out since it began in March 2009.

About 340,000 homeowners have received permanent loan modifications and are making payments on time.

You can see all Denver HUD Homes here.

This Highlands Ranch HUD Home just came up over the weekend. As you probably know from looking at Highlands Ranch Homes for sale, HUD homes in Highlands Ranch do not come up often. And when they do come on the market, they move fast and usually with multiple bids.

 This home on Cobblestone is located just East of Broadway and North of Highlands Ranch Parkway. Bids are due by the 27th of this month. You can see the details at the link below or give us a call to see it in person: 303-726-1874.

9383 cobblecrest dr
highlands ranch, CO 80126

$225,000.00