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Denver County ForeclosuresDenver County foreclosure filings totaled 619 properties in July, which put Denver County in third place for the most foreclosure filings in Colorado for the month. Arapahoe County had the most foreclosures, with 782 properties in July, followed by El Paso County with 624. These numbers are down from 2009, but foreclosures are still a great real estate investment opportunity. Denver County foreclosures and Denver REO properties are coming on the market every day. With our banker relationships, we know about them before the general public, and so will you when you work with Dunn and Company. According to statistics from Metrolist, Inc., the provider of MLS services for the Denver Metro area, 42% of all sales are “distressed sales” which is made up of bank owned properties as well as short sales. In addition it appears that the number of foreclosures in the upper end of the market are increasing while the number of foreclosures in the lower end of the market are decreasing. This could mean that the window of opportunity for finding well priced, cash flowing Denver County Foreclosures and Bank owned properties may be closing. The availability of long term, low interest rate financing coupled with a large inventory of well priced distressed properties has created the “Perfect Storm” for investors. The current vacancy rate is below 5% for 1-4 unit residential rental properties, which indicates there is a high demand for rentals. If you are interested in investing in Denver County foreclosures, contact Dunn and Company for information about financing options, investment strategies, and how to use Denver County foreclosures as part of your long term investment strategy. If you are new to the foreclosures market, be sure to read our 5 Steps to Buying Foreclosed Homes in Denver. Call us today at 1-877-316-4324 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Or fill out the form below to have a foreclosure expert contact you.
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