Foreclosure in Denver : Questions & Answers

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zentzjade, Real Estate Pro in Wheat Ridge, CO
zentzjade asked:
Hello, I am a realtor and interested in finding out more information about a property we found on here. Its on reed st. How do I find out address? Also we would like to go see this home. Please help as soon as possible.
THanks
0 votes Share Flag Fri Jul 11, 2014 Foreclosure in 80033
Claire Spahr, Real Estate Pro in Denver, CO
Claire Spahr answered:
looking for a church type of property in a good neighborhood in Denver Colorado. preferably near the DTC Cherry Creek area.
Here you go - http://www.iresis.com/cwa/link/listing?llid=78xlhf&lid=400904436.

Best,
Claire Spahr
Keller Williams Advantage Realty
claire@bluebirddenver.com
www.bluebirddenver ... more
0 votes Share Flag Tue Jul 8, 2014 Foreclosure in Denver
Robert McGui…, Real Estate Pro in Denver, CO
Robert McGuire answered:
FHA Appraisal The utilities were not on. Am I able to this appraisal with a Hypo Assum that the utilities are in working order?
Managod,

Are you referring to an inspection or an appraisal. Either way, you need to make arrangements for the utilities to be turned on to get the information you need. An FHA appra ... more
0 votes Share Flag Sat Aug 31, 2013 Foreclosure in Denver
Julie Bloch…, Real Estate Pro in Westminster, CO
Julie Bloch Burton answered:
How do I find the exact address of the ones I'm looking at? It just gives the street
Hi John, there is probably a better website to search for what you are looking for. If you give me a general idea ---I can give you my opinion on which website will be user friendly a ... more
0 votes Share Flag Mon Aug 12, 2013 Foreclosure in Cherry Creek
Jon Mann, Real Estate Pro in Denver, CO
Jon Mann answered:
What is being built on 11th at Gaylord and Vine ,a rental or condo project?
It's going to be a luxury independent living community of about 110 apartments (see: independent senior living). Here is a decent write-up on the project:

http://www.lifeoncaphill.co ... more
0 votes Share Flag Mon Jun 17, 2013 Foreclosure in Congress Park
Fred Herman, Real Estate Pro in Staten Island, NY
Fred Herman answered:
I bought a property from REO sale, and have been chasing my HOA for over a year to fix damages.
I'm sorry your having a problem, but REO properties are purchased "as is." You stated that the HOA was contacted. and they said they would review the damages. that's a very long wa ... more
0 votes Share Flag Mon Jun 3, 2013 Foreclosure in Denver
Tim Klein, Real Estate Pro in Denver, CO
Tim Klein answered:
I posted a Question earlier and got some fantastic response, but I still need help. I've done everything, but HOA refuse to cooperate.
Yes, Oliver is best, but not cheap. have your agent contact the Realtor hot line (no charge). Also, HindmanSanchez would be less costly if they're not the attorney of record for your bu ... more
1 vote Share Flag Wed May 15, 2013 Foreclosure in Denver
Robert McGui…, Real Estate Pro in Denver, CO
Robert McGuire answered:
Can someone who is on SSDI be forced into foreclosure by the HOA over a $4000.00 fee debt?
Clrettmann,

This is a complicated question with no standard answer that a Realtor could answer correctly or with certainty for you. We as Realtors are really not authorized to give l ... more
0 votes Share Flag Tue May 14, 2013 Foreclosure in Denver
DeLUX Team R…, Real Estate Pro in Littleton, CO
DeLUX Team Realty Inc answered:
Do I need to keep making my mortgage payments if my HOA foreclose on my condo?
Placing a lien on a home and giving your account to a collections agency is typical for nonpayment contact an attorney for legal advice. It is your credit rating keep it as good as yo ... more
0 votes Share Flag Mon Apr 15, 2013 Foreclosure in Denver
Robert McGui…, Real Estate Pro in Denver, CO
Robert McGuire answered:
How long after the sheriff sale am I still the owner?
Galegalek,

Sorry abut your misfortune. After the appointed date for the foreclosure sale, you no longer own the home. There is normally a notice given to you before the sale explaini ... more
0 votes Share Flag Sat Mar 2, 2013 Foreclosure in Denver
David Landman, Real Estate Pro in Littleton, CO
David Landman answered:
Short sale feel through, can we (the buyer) buy the 2nd mortage and then buy the first mortgage from the lender before trustee sale?
There is nothing you can do with the second mortgage besides buying the right to a debt, become a collector. the first lien holder has to accept the short sale to move forward that way ... more
0 votes Share Flag Sun Jan 13, 2013 Foreclosure in Denver
David Landman, Real Estate Pro in Littleton, CO
David Landman answered:
If a foreclosure was closed or withdrawn before the sales date, should I still file a intent to cure for the records.
Intent to cure can be done up to 90 days after the lien holder file a notice of default at the public trustee's office, usually 90 days before the redemption period expires. If the Noti ... more
0 votes Share Flag Sun Jan 13, 2013 Foreclosure in Denver
Robert McGui…, Real Estate Pro in Denver, CO
Robert McGuire answered:
What is the best way to purchase a foreclosure in Denver?
Eric Wu,

The best way is to contact an agent in Denver that works foreclosures and let him search, negotiate and write offers for you on foreclosures. The listing agent is not the be ... more
0 votes Share Flag Sat Jan 12, 2013 Foreclosure in Denver
Ron Rovtar, Real Estate Pro in Boulder, CO
Ron Rovtar answered:
offered list price of 249900 for REO house but CMA is only 235000. If accepted, will bank insist on the list price even when appraisal is lower?
Hi Greenrose: There is a good chance you have resolved this issue by now, but there are a lot of others out there who might have a similar question, so I will jump in with my two cents ... more
0 votes Share Flag Mon Nov 5, 2012 Foreclosure in Denver
David Landman, Real Estate Pro in Littleton, CO
David Landman answered:
When do offers need to be submitted using the Colorado Foreclosure Protection Act contract?
CFPA contracts are used when there is equity for the seller at closing. When you are sending an offer for a short sale, you will need to send only the Standard CTBS with the SS Addendum ... more
0 votes Share Flag Thu Nov 1, 2012 Foreclosure in Denver
David Landman, Real Estate Pro in Littleton, CO
David Landman answered:
I am a tenent in a house that is in foreclosure and this is the bank with the deed. what should i do?
As long as your landlord is on title, you need to comply with your lease. If the property is sold in court, your landlord will not be your landlord anymore. There will be no lease, look ... more
0 votes Share Flag Thu Nov 1, 2012 Foreclosure in Denver
David Landman, Real Estate Pro in Littleton, CO
David Landman answered:
when your house is in foreclosure how long do you have before you have to move? I live in Denver Colorado
First the first lien holder ( in most of the times ) will have to file a notice of default. After that filling you have 90 days ( redemption period ) they cant foreclose during that per ... more
0 votes Share Flag Thu Nov 1, 2012 Foreclosure in Denver
Luxuryhomeso…, Real Estate Pro in Denver, CO
Luxuryhomesonline.us answered:
If I am the second note holder in a foreclosure, how likely am I to successfully bid and buy the property? (details inside)
You will have the ability to redeem to secure your position as 2nd note holder.

Your best play is to contact the 3rd note holder and see what they are going to do. It's very likel ... more
0 votes Share Flag Sun Aug 12, 2012 Foreclosure in Denver
Rachelle M P…, Real Estate Pro in Denver, CO
Rachelle M Paplow answered:
Question about lease termination and property going into foreclosure.
This is a question for a Real Estate attorney that I cannot answer, many people have found themselves in the same situation and it can be very tricky. I would ask your attorney if you ... more
0 votes Share Flag Mon Apr 23, 2012 Foreclosure in Denver
Irina Karan, Real Estate Pro in 33160
Irina Karan answered:
I want to foreclose on my condo but I am not sure if it is my best option. I am almost $40,000 in the hole, my HOA's are now a whooping $380
The way you describe it you do have a hardship.

Your mortgage company is correct - you have to have a hardship to do anything, as well as to be "under water" value-wise. There are ma ... more
0 votes Share Flag Fri Apr 20, 2012 Foreclosure in Denver
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