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UPDATED DAILY! Current Totals as of Today, 9/23/2014

66 Denver Foreclosures / Foreclosure Listings
50 Denver HUD Homes and HUD Foreclosures
132 Denver Homes for Sale
152 Denver Real Estate Properties for Sale


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8828 E Florida Ave Apt 202
Denver, CO 80247
Foreclosed on 9/15/2014 - Make Offer (see below)
Below is a list of   Foreclosures. If you are interested in one of these properties contact us here.

Foreclosures Between $0 and $50,000 | Foreclosures Between $50,000 and $100,000 | Foreclosures Between $100,000 and $150,000 | Foreclosures Between $150,000 and $200,000 | Foreclosures $200,000+


Showing just 10. To view all Denver foreclosures and HUD Homes Click here.
AddressCityStateZipBeds/BathsPhotosPriceList DateSellerPhoto
8828 E Florida Ave Apt 202 Denver CO 80247 1 / 1 More Details $63,900.00 6/2/2014 Joe Powers | (720) 975-9705 | joe@coloradorealtysource.com
461 Quitman Street Denver CO 80204 1 / 1 More Details $66,660.00 5/27/2014 Doreen Stene | 303-320-5733 | doreen.stene@coloradohomes.com
8225 Fairmount Dr #8-204 Denver CO 80247 2 / 2.00 More Details $76,000.00 5/15/2014 DIAMOND REALTY ALLIANCE LLC | (303) 377-0056 | ckraska350@msn.com
785s Alton Way Denver CO 80247 2 / 1 More Details $79,285.00 5/15/2014 Doreen Stene | 303-320-5733 | doreen.stene@coloradohomes.com
1620 Colorado Blvd #10 Denver CO 80220 2 / 1.00 More Details $80,000.00 5/9/2014 MASTERS REALTY LLC | (303) 771-7500 | klrw30@kw.com
2441 E 47th Ave Denver CO 80216 2 / 2 More Details $85,000.00 4/25/2014 Connie Kraska | |
5888 Biscay St Unit D Denver CO 80249 2 / 1.10 More Details $102,600.00 3/25/2014 ALLIANCE METRO REAL ESTATE LLC | (303) 796-1222 | kim@kimpit.net
1225s Oneida St Apt 189 Denver CO 80224 / More Details $104,030.00 5/15/2014 Kimberly Pitaniello | 303-579-0350 | kim@kimpit.net
3115 West Colorado Ave Denver CO 80219 2 / 2.00 More Details $106,000.00 8/28/2014 COLORADO HOME REAL ESTATE INC | (303) 235-8000 | sherrie@cohomerealestate.com
40 Joan Drive Denver CO 80221 2 / 1.00 More Details $110,000.00 9/12/2014 MOMENTUM REALTY LLC | (303) 654-0197 | the5280group@gmail.com


Denver Foreclosure, HUD Home, Real Estate Articles
9/18/2014 - Denver CO Foreclosures are at an all time high... This month alone there are over 38 foreclosure homes on the market.

Denver Foreclosure Statistics/Graph by Year


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Purchasing a Denver Foreclosure

Purchasing a foreclosure home is nothing like purchasing a for sale by owner or a typical home listed by a realtor. Most foreclosure homes are REO's - they do not sell at the local auctions and are put back on the Denver real estate market by the banks that own them.

When attempting to purchase a Denver foreclosure home, there are many things to consider first. Location, condition and price are a few of the top priorities. If you cannot purchase a home for 84% of its market value, it is not considered a good deal. If the home is a good distance from your place of employment or the places you normally frequent, it's probably not a good idea to purchase. Likewise, if the home is in bad condition, you don't want to be stuck with the costs of remodeling, unless you can get a good purchase price.

Buying a Denver foreclosure home is a process that is normally longer than purchasing a typical home. Your contract will normally say 45 days to close, but more often than not, paperwork and other factors will cause a delay in closing. Some foreclosure purchases can even take months before closing. If you want to purchase a foreclosure home in Denver, be prepared to wait longer than you usually would to close.

An interested buyer can often put in a bid for a foreclosure at lower than the asking price. These types of properties typically have daily bid deadlines. If your bid is accepted, you are normally notified within one business day. Once you are notified, buyers have a specific time period in which to submit all of the required paperwork. If even one thing is done incorrectly, the offer can be rejected and you will have to start all over again.

As you can see, there is a lot involved when purchasing an Denver foreclosure home. It's important that homebuyers work with real estate agents with experience in purchasing foreclosure properties. Otherwise, you can end up investing a lot of time in a property and have nothing to show for it in the end.

Free Foreclosure Listings | Bank Foreclosures | HUD Homes | Cheap Homes

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Friday, September 12, 2014

Denver Homeowners Can Buy Again After Foreclosure

Foreclosures stay on credit reports for up to seven years, which can make it difficult for prospective Denver buyers looking to purchase a home after going through foreclosure. However, those that lost their home to foreclosure due to a loss of income have other options when looking to buy again. FHA created a new program in 2013 called Back to Work. If home buyers can show that they lost their home due to a specific percentage of income loss, they can qualify for this program. Back to Work allows foreclosed homeowners to purchase another home again in as little as 12 months after a foreclosure. Denver home buyers can contact their local FHA office for more information on this program.
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Friday, September 5, 2014

Denver Crisis Could Begin Again

Many analysts and Denver real estate experts fear another foreclosure crisis may be on the horizon. For the past few years, our efforts have been focused on temporary relief from foreclosure and not a permanent fix. Some of those government band-aids are about to be ripped off. Homeowners that took out HELOCs a few years ago to avoid foreclosure are now being told they need to make payments on their principal balance in addition to paying interest on the loans. Some homeowners that received foreclosure settlements from their lenders will have to report that as income and will see an increased tax bill. Government programs that assisted in keeping interest rates at a temporary low have expired and Denver homeowners will start to see their mortgage interest rates increase on an annual basis. These are just a few of the many problem areas analysts point to when referencing their dire prediction for the upcoming real estate market.
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Friday, August 29, 2014

Denver Mediation Programs Assist Homeowners

Mediation is a process in which two parties come together, along with a mediator, to attempt to resolve a situation in an amicable manner. In the past few years, many other states and counties have attempted to implement foreclosure mediation programs. These programs allow Denver homeowners to speak to a bank representative while receiving assistance from a counselor. These counselors are trained in the foreclosure process so they can assist Denver homeowners with gathering information and documents that the banks request. If you are summoned for foreclosure mediation, it is recommended that you attend. Homeowners can sometimes walk away with a loan re-modification or short sale rather than a foreclosure.
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Friday, August 22, 2014

'Boomerang Buyers' Re-Entering Denver Housing Market

The term 'boomerang buyer' applies to those that owned and lost a home to foreclosure or bankruptcy in the past 7-8 years. These buyers are re-entering the Denver housing market and account for a good percentage of Denver home sales. Boomerang buyers have learned a thing or two along their journey. Most are paying a substantial down payment and choosing to buy a home that is less than the amount they are approved for. They also plan on staying in their homes for longer periods of time rather than purchasing with the intent to sell within a few years. The waiting period for purchasing a Denver home again after a foreclosure or bankruptcy varies depending on the type of loan you are considering. FHA can get you in a home in as little as three years, VA two years and conventional 2-7 years.
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Friday, August 15, 2014

Unemployment Can Affect Denver Home Sales

Without an income to pay a mortgage, many Denver homeowners see their homes fall into foreclosure when they or a significant other loses their job. Unemployment is one of the factors that has an effect on Denver homeowners losing their home to foreclosure. So it is no good news when the unemployment rate rises in more than half of the U.S. 30 states showed an increase in unemployment in the past month. Eight states showed a decrease in their unemployment rate and 12 remained the same. This is despite the fact that jobs continue to increase throughout the U.S. For almost each month in 2014, the U.S. has added more than 200,000 jobs. The rate of unemployment increased by at least .4%-.5% in a handful of the aforementioned 30 states.
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Friday, June 6, 2014

Now is the Time to Buy a Denver Home

If you are looking to purchase a Denver home, get pre-qualified by a lender. This allows you to know how much home you can reasonably afford and speeds up the buying process. Having a pre-qualification letter shows you are serious about making an offer. The influx of REO homes on the market is making competition fierce. More often than not, realtors are seeing multiple offers being submitted on REO homes in their markets. If you find a Denver home you are interested in, every little thing you can do to speed up the process helps.
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Friday, May 23, 2014

Ways to Make Your Denver Home More Energy Efficient

Wind power is a big thing in West Texas right now. Driving through Texas you are bound to see massive windmills looming in the horizon, harvesting wind to convert to other types of energy we can use. Using solar energy is a great way for households to help the environment. Solar lights are a fantastic way to brighten up your Denver house and yard. Some solar lights can even be purchased at your local dollar store. They come in all shapes and sizes and can be used for virtually anything - motion detectors, pathway markers, deck lighters, etc. There's also good old fashioned nature willing to lend a hand to help dry your clothes. Remember the days when your mom or grandma had clotheslines throughout the yard? Drying your clothes outdoors, naturally, is a great way to save money by giving your dryer a rest.
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Friday, May 16, 2014

Keys to Buying a Denver Home

Denver lending standards are not as strict as they were just a few years ago, but they are nowhere near as lenient as they used to be prior to the foreclosure bust. Banks specifically look at certain things to determine if you are worthy of a loan. They want to make sure they will get their financial investment back, which is why there are so many hoops to jump through. Your credit score. Your credit score shows banks how responsible you have been with credit in the past. The lower your score, the less chance you have of getting a loan. If your score is too low, the lender might reject your loan application. Your income. Denver lenders will look at how much money you bring in each month and how much money is going out to determine if your income can carry the load of making a mortgage payment. Lenders will also look at your employment history. They want stability to ensure their loan has a good chance of being repaid. Down payment. Banks typically like a down payment of anywhere from 10-20%, but as little as 3.5% can get you in a home. Remember that the more money you are willing to invest in your home, the more likely a bank will want to invest in you.
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Friday, May 2, 2014

15 and 30 Year Mortgages Not Only Option for Denver Homeowners

Most Denver potential homeowners believe mortgages come in two terms - 15 year or 30 year. However, there is a 20 year term as well. 15 year mortgages are more suited to those looking to aggressively pay down their mortgage. Much of the principal of the loan is spread out evenly over the 15 years, allowing homeowners to get their Denver home paid off quickly. 30 year mortgages are ideal for those looking for lower house payments. Much of the interst on these loans is paid down in the first few years so your principal will remain high for most of the loan. There is a nice go between in the 20 year mortgage. The interst rates are still fairly low and the monthly payments are lower than a 15 year mortgage. If you are a potential Denver homebuyer, do your research on these different loan terms and see which one best suits your needs.
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Friday, April 25, 2014

Know Your Denver Foreclosure Laws

Some Denver homeowners labor under the impression that a foreclosure is a done deal. Once a home goes through the foreclosure process and reverts to bank ownership, homeowners believe their obligation is done with and nothing more is owed. In some cases, this is true and in others, not quite. Some states in the U.S. have laws regarding the statute of limitations to collect on foreclosure debt. When a homeowner initially purchases a home, they make an agreement through a mortgage to pay off the balance of the home loan. If the Denver home is foreclosed on and the loan goes unpaid, some banks believe they have the right to the remaining balance. Some states have laws that agree with them. Homeowners can often times see themselves on the hook for mortgage debt for up to several years after a foreclosure is processed. If you are facing foreclosure in Denver, do your research and know what the laws are regarding the collection of foreclosure debt. You do not want to be stuck paying for a foreclosure that happened a decade ago.
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Friday, April 4, 2014

Foreclosures Helped Some Denver Residents Pay Credit Card Debt

Reports are showing that the foreclosure crisis may have helped some Denver homeowners pay off their credit card debt. As Denver foreclosure programs and mediation went into effect, this delayed the foreclosure process - sometimes by up to as much as a few years. During that time frame, homeowners were not making mortgage payments and had extra cash flow. Most homeowners chose to use that money to pay off credit card debt. Data for a period of six years shows that homeowners going through foreclosure tended to put more money to paying off credit cards. Of course, this was only for those that had a longer foreclosure processing time. However, once foreclosure is imminent, it becomes apparent that credit card debt rises again. This is mostly due to the fact that cash flow becomes restricted again as mortgage payments are being made. Some analysts even expect credit card debt to rise once someone goes through foreclosure.
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Friday, March 28, 2014

Are Denver HELOCs the New Foreclosure?

A HELOC is a home equity line of credit; basically a loan made by a bank with your Denver property and its value as collateral. 12 years ago, when the real estate market was booming, it was all too easy to get a HELOC. Banks were more than willing to finance the loan knowing that property values were only increasing. Most of these loans taken out were structured like credit card payments, with a minimum payment due each month until the balance was paid off. Interest fees would accrue throughout the duration of the loan and that's how the banks made money. However, when property values began to show the first signs of decreasing and the real estate market collapsed, the banks cut the lins of credit and completely stopped lending. Those that had a credit line of $40,000 with a balance of $15,000 saw their credit line frozen. Homeowners didn't have access to funds anymore and had to start paying their balances. As these HELOC loan terms are coming to an end, more and more Denver homeowners are faced with paying off their HELOCs or losing their home to foreclosure. Real estate analysts are watching and waiting to see if these loans set off a new wave of Denver foreclosures in the next few years.
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Friday, March 14, 2014

Fannie Mae Denver Owner Occupant Incentive

Those looking to purchase a Denver home at a bargain can often find a good price on a foreclosure/REO (real estate owned) property. The end of 2013 left Fannie Mae with an inventory of approximately 103,000 homes, so Fannie Mae is rolling out a financial incentive to encourage Denver home buyers to purchase some of their inventory. In an effort to bring in buyers, particularly first-time home buyers, Fannie Mae is offering up to 3.5% to assist buyers with closing costs. As long as the buyer intends to occupy the home themselves, they can qualify for this assistance. Via their website, Fannie Mae offers their "FirstLook" option which allows owner occupants to make a bid on a home 20-30 days before others (such as investors) can. To qualify for their closing cost assistance, prospective buyers must make an offer on an Denver REO prior to the end of March 2014 and close before May 31. Anyone with experience in foreclosures knows that the process is a bit longer than a typical home sale, so please give yourself plenty of time to close in order to make the May 31st deadline.
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Friday, March 7, 2014

Abandoned, Foreclosed Denver Homes Need Upkeep

While some cities are faring better than others with the foreclosure crisis, there are still some that are only just seeing the tip of the iceberg. New Jersey, New York and Maryland are a few of those states seeing a major increase in foreclosures being processed. Sometimes, banks send notices of intent to foreclose, often scaring the family into leaving (even though legally, they do not have to at that point). The families leave the home and, when the banks realize the homes are underwater, the banks will sometimes walk away, too. This leaves another empty home in the Denver neighborhood. Everyone knows what happens to empty homes; oftentimes, they tend to become inhabited by the homeless, looters, beggars and thieves. Shutters begin to fall off, weeds become overgrown, fences get knocked down and the home just becomes an eyesore - affecting all homeowners in the surrounding Denver area. Residents are pushing Denver government officials to pass bills that would make someone responsible for the empty homes. These bills would make creditors responsible for the upkeep of the homes and any code violations that occur. Should any bills like this come to pass, you can expect to hear an uproar from the banks.
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Friday, February 28, 2014

Two Types of Denver Foreclosures

It’s important to differentiate between the two different types of Denver foreclosures. When someone says foreclosure, there are two different types of property they are referring to. The first is a property that is going to auction and the second is commonly known as an REO “real estate owned” property that the lender has seized and is attempting to resell. Properties sold at auction tend to be a bit riskier to purchase. Buyers don’t have a chance to inspect a Denver foreclosure auction home. In addition, the home could be subject to liens or code violations that can cause the buyer to shell out more money than the purchase price. Foreclosure auction homes also need to be paid for in cash. Most of the time you are required to put down a substantial amount in order to even be able to bid. Should you choose to buy a home, the remaining funds must be received that day or typically no later than 24 hours after. As the foreclosure crisis has dwindled in the past few years, so have the great bargains you could find when purchasing an REO home. The properties are more often than not selling at market value comparable to others in the neighborhood and tend to receive multiple offers due to the fair asking price. An REO home can be inspected; however, it is very rare that a lender will make any repairs to the home. That often tends to fall on the buyer’s shoulders. If the buyer is looking to acquire financing to purchase the home, repairs can play an issue in qualifying for a mortgage. The bottom line is that you can get a good deal from purchasing one of these types of Denver foreclosures, but they each come with their own risk. A good home buyer will always do research prior to attempting to make an offer on a foreclosure.
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Friday, February 21, 2014

Home Sales Rising Amid Falling Denver Foreclosures

The National Association of Realtors is reporting an increase in Denver home sales in the past few months. They attribute this to many factors, including buyer demand and low mortgage rates. In the past few years, Denver mortgage rates have dropped to a record low, hitting 2.5% for a 15 year mortgage and 3.25% for a 30 year mortgage. These rates have held fairly steady with current interest rates in January 2014 at 4.35% for a 30 yr fixed mortgage and 3.37% for a 15 yr fixed mortgage. 30 year rates used to be around the 6-8% mark so dropping to 4.35% is a huge deal for many looking to purchase a home. With lending standards becoming a little less strict, Denver home buyers are eager to purchase property and showed it. 2013 sales were recorded as showing a 9% increase from 2012. Fewer Denver foreclosure homes on the market lead to rising home prices. Foreclosures tend to sell for much less than other homes, sometimes even in the same neighborhood. As a consequence, when foreclosure rates fall, home sale prices rise. Realtors see this as a sign the foreclosure crisis is slowly winding down, with slowly being the keyword. 2014 will still see its fair share of foreclosures, but hopefully some of the worst times are over.
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Friday, February 14, 2014

Should Denver Tenants Remain in Foreclosed Homes

Residents in Denver are pushing for bills that will allow tenants to remain in foreclosed homes until the homes are re-sold. Anyone can tell you that empty homes, especially those empty due to foreclosure, can have a terrible effect on the neighborhood. They can become an eyesore, a hazard and even reduce property values for the homes around it. Lawmakers and their constituents are rallying forces to push these bills through, creating coalitions and Denver advocacy groups to spread their message. They want to prevent tenants from being evicted without cause. However, you would have to assume that legislation like this would only be delaying the inevitable. New landlords like to do things their own way and would more than likely push the old tenants out anyway, once the foreclosure process was completed and they owned the home. The bills would allow tenants a slight respite from pressing eviction notices and move out deadlines, but they should be ready to leave anyway in case new management/owners choose to let them go.
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Friday, February 7, 2014

How Denver Tax Lien Sales are Different

The term foreclosure is somewhat misleading as there are many different types of foreclosure properties – pre foreclosures, foreclosures, REOs, tax lien/tax sale foreclosures, etc. Each type of property has a specific way of being purchased. For example, to buy a true Denver foreclosure (a property that is going to auction) you must have cash to pay the purchase price, or at least a sizeable down payment. A Denver REO property is purchased through a realtor and can be bought with traditional financing. A major difference between these types of foreclosure properties comes in terms of the safety you have when purchasing them. With most of the homes listed above, you can get title insurance to ensure there are no tax liens on the properties. This protects you in case someone comes to you (after the purchase) to state they were owed money and took a lien out on the house. A Denver property that is being sold as a tax sale foreclosure typically doesn’t carry the option of purchasing title insurance. Each state & county has their own bidding process and their own laws and regulations. You have to know what the bidding process is. A tax sale property is extremely different from any other type of Denver foreclosure property in that it allows for a redemption period. Again, each state and county have their own laws and regulations, so it’s important you research the laws for your specific area. There is a chance the former owner could come back at a later time, within the redemption period, to lay claim to the home. At that point, it is possible that ownership could revert back to the former owner. Before you purchase a tax sale property, know what the redemption period is and what you are entitled to should the owner choose to redeem the property.
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Friday, January 31, 2014

Denver Employee Screenings to Become More Strict

It’s happened numerous times to many home buyers looking to purchase Denver foreclosures. Heck, it even happened to me. You walk in to a home to look around and do a visual inspection and you notice the kitchen light fixture is missing. Or the stove is gone. Or the faucet is missing. Banks are finally (only after several years) wising up to the issue and implementing new standards to thoroughly screen those that clean their foreclosed homes. Banks typically hire a contracted company to clean up their Denver foreclosure homes. In turn, these companies hire their own employees to clean the homes. Most of these workers are said to have criminal records of some kind. However, industry leaders claim they have always used, and will continue to use, criminal background checks as part of their hiring process. That hasn’t stopped allegations from home owners claiming vandalism and theft. Some home owners even report that their home was broken into while they were still in possession of the home. These workers reportedly have crawled in to the home using basement windows and some have even kicked down doors to enter the home and change the locks, while also stealing a few items along the way. This is not to say that every person employed by these companies has a criminal record and it’s not to say that every person with a criminal record has stolen things. As with everything, there are two sides to every story. However, theft has long been an issue when talking about Denver foreclosed homes and Denver realtors tend to shrug the issue off as the homes are sold as-is. In fact, our realtor pointed out an item that was missing, shrugged and stated, “The guys that cleaned the home probably stole it.” Banks are hoping to adopt new guidelines in the upcoming year that will force employees to undergo more intense screenings and scrutiny as part of their background checks. What remains to be seen is how the banks plan to enforce these guidelines as they don’t hire the employees directly.
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Friday, January 24, 2014

Ways to Help Your Denver Foreclosure Bid

Unless you are lucky enough to live an area where the real estate market is somewhat stable, more than likely most of the homes on the market right now are REO homes. These Denver REOs can be had for a great price if you follow the rules and have a knowledgeable agent guiding the way. Unfortunately, there are a lot of agents inexperienced in these types of properties and their lack of knowledge or assistance can hinder a purchase. When I found an REO home I liked, I made the mistake of going with an agent that had no experience with REOs. We almost lost the property due to several errors she made on her end and there were numerous times when we had to point something out to her…something sound wrong in this picture? So keep these things in mind when you are interested in purchasing a Denver REO/bank owned home. 1. Make sure your earnest money is ready to go. You want to make sure your cashier’s check is completely filled out with all the required information and that it is current, not something that was made out weeks ago for a previous offer you made. 2. Have your financial documents ready to go. If your bid is accepted, you only have about 48 hours to submit all the paperwork necessary to begin the purchasing process. This includes bank statements, your earnest money, a pre-approval letter from your lender and anything else they specify. 3. Check, double check and triple check. This step is even more important if you don’t have an experienced realtor. Make sure everything is signed, all paperwork asked for is submitted and that everything is done in a timely manner. As a side note, these Denver REOs typically don’t come with a repair allowance. If anything is found during the inspection, chances are the bank won’t repair it and the responsibility will fall on the new homeowner.
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Friday, January 17, 2014

Denver Foreclosure Decline

Foreclosures declined last year to some of the lowest levels in the past few years across the U.S. but showed an increase in Denver where foreclosure filings take longer to process. Over one million homes received a foreclosure filing in the past year, a decrease of 53% from 2010, when Denver foreclosure filings peaked. Overall, 1% of U.S. housing units had at least one foreclosure filing last year, down from 2.2% in 2010. States with the highest foreclosure rates in 2013 were Florida, Nevada, and Illinois. In the past few years, approximately 11 million U.S. homes have entered foreclosure with almost 6 million repossessed by lenders. Last year, only 400,000 homes were repossessed, down 31% from 2012.
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Friday, January 3, 2014

Denver Foreclosure Debt Collection Time Frame Shortened

Denver legislators could consider reducing the time from years to days that debt collectors have to take homeowners to court for remaining debt on their Denver foreclosed homes. An investigation in June showed that an increasing number of debt collectors have been pursuing some homeowners for the remaining mortgage debt on their Denver foreclosed home. The investigation showed that many homeowners were pursued years after they had lost their homes. In some cities, outstanding mortgage debt can be collected within 12 years of the foreclosure process. The proposed action would attempt to reduce that time period to 180 days. “People should not be beholden to a mortgage they previously held,” said a local government official. However, there would be stipulations. The proposed action would only apply to those foreclosures occurring after its passage. It would be a harder struggle to make the bill apply retroactively to previous Denver foreclosures.
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Friday, November 29, 2013

Denver Foreclosures Down Slightly This Month

Good news for the Denver foreclosure market: Foreclosure rates are further shrinking, according to the latest report from CoreLogic, a real estate and foreclosure data source. Denver Foreclosure inventory (these are homes in a current stage of foreclosure) and finalized foreclosures ar eslightly down, respectively, 33 and 39 percent nation-wide from a year earlier (9/2012 to 9/2013), per the report. As of September 2013, the foreclosure inventory comprised 2.3 percent of all homes with a mortgage versus 3.2 percent measured a year prior. These figures show positive signs that the Denver housing market will continue to improve, although they do stand to benefit sellers more than buyers, the experts say. “As Denver foreclosure listings decline, prices will begin to increase. A home will be more expensive because there will be less inventory, especially inexpensive inventory,” says a local Realtor/Broker.
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