ForeclosureDeals offers a solid database of Denver bank owned foreclosure homes and Denver government foreclosed homes for sale from federal agencies such as: HUD, VA, FHA, Freddie Mac, Fannie Mae, USDA. These Denver repossessed homes can be found in a number of ways, such as pre foreclosures, short sales, foreclosure auctions, flipping homes, bankruptcies and home foreclosures for sale in Denver, CO. Our up-to-date real estate foreclosure listings in Denver offers cheap distressed properties for buying & investing, in a great variety of properties like commercial & residential, multi & single family homes, lands, condos and apartment foreclosures in Denver area.
Denver, CO is a city known for a real estate market that boasts plenty of luxury homes for sale. However, just because the city is known for its high-end homes doesn't mean you won't be able to find foreclosures that will provide you with an affordable home. The real estate industry in this city is also known to offer something for everyone. For instance, if you are looking for cheap single-family homes then you will have access to family-friendly houses in quiet neighborhoods. There are also luxury condos for those who are looking for stylish living quarters. You might also consider investing in rental property. Take advantage of these opportunities and start searching for foreclosed homes for sale in Denver, CO now!
Investors in the U.S. who want to find the best real estate investment opportunities around should look first to metropolitan areas. Why? Simply put, big cities in the U.S. have all the amenities, services, attractions, work opportunities, and culture that prospective homebuyers want when they search for a new place to live. High-demand locales attract new residents on a monthly basis, which means investors have more eyes on their properties for purchase - resulting in more profits and a greater chance of making a sale.
Denver, Colorado - the Mile High City nestled in the Rocky Mountains - is a perfect example. Denver has a metro area population of 2.55 million people (good for the 21st most populous metro area in the country) and is the second-largest city in the American Mountain West and Southwest (after Phoenix). Trade, interstate commerce, and transportation are the major economic activities in Denver, owing to its prime central location. Telecommunications, manufacturing and mining, and even government services are also major economic draws. As far as culture goes, Denver is known for its sports - it is home to five major professional franchises - and its local brewing industry.
Median home prices in the Denver area hover around $204,000 - quite higher than the national average and higher than usual for a city of Denver's size. This is a reflection of the high level of demand witnessed consistently for Denver property. Per square foot, Denver homes have a median value of $170, ranging from a low of $73 in the Windsor neighborhood to a high of $320 in the Washington Park neighborhood. As far as foreclosures are concerned, Denver typically reports approximately 8.84 foreclosure filings per 10,000 properties per month, lower than most similarly-sized cities.
In Denver, as in other major cities, some of the best places for investment feature centrally-located neighborhoods with low foreclosure rates. These neighborhoods provide ample access to attractions and amenities in the city while featuring relatively stable markets.
Based off these metrics, some of the best neighborhoods and areas in the Denver metro area include Cherry Creek, Clayton, Congress Park, Hale, Highland, Hilltop, Montclair, Platt Park, Sloan Lake, South Park Hill, University Park, Washington Park, and Whittier.
Colorado uses a non-judicial foreclosure process as well as a judicial foreclosure process, although non-judicial foreclosure processes are more commonly followed in the state. In the non-judicial process, a lender, through a trustee, can initiate foreclosure proceedings against a borrower with a Notice of Election and Demand (NED) as long as a Power of Sale clause is present in the deed of trust. This process takes approximately four months after the NED is filed, with deficiency judgments and rights of redemption allowed. In the judicial process, the timeline is usually longer because the court system must be involved.