Though this is an old question, it is one that comes up quite often, especially from buyers interested in a bargain. So keeping abreast of developments in foreclosures probably interests many people. In considering the most recent answers below by BoulderSuZ and Agents for Home Buyers I became curious about the current situation in Boulder County. I went to the first two websites I always check first when looking into foreclosures. These sites (Fannie Mae's Homepath site and the HUD Home Store) do not give a complete picture, but they seem to follow market trends closely and, as far as they go, are very accurate and up-to-date. Popular foreclosure sites often have old listings. The county sites are extremely accurate, but they only tell us what happened at the county offices. They don't tell us which homes have actually been put back on the market, which is what interests buyers the most.
At any rate, what I found was that 16 Boulder county homes are listed by these two site with the highest price being $309,000. Nine homes were listed in Longmont, three in Erie, and one each in Ward, Lyons, Louisville and Lafayette. Two Homepath homes (and no HUD homes) were listed in Broomfield County, which is often considered with Boulder County. By comparison 48 Homepath homes were listed, but not under contract, in Adams County along with 17 HUD homes. Twenty Homepath homes were listed, but not under contract, in Weld County along with 17 HUD homes. These numbers (especially the Boulder County ones) all seem a little higher than what I have noticed in the past, but not by a lot. Of course, it takes a while for foreclosed homes to work their way through the system and reach the market, so we all will be keeping a close eye on this situation that seems to be worsening, according to the local reports mentioned by BoulderSuZ.
Prudential Real Estate of the Rockies