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Old 08-16-2011, 03:35 PM
 
Location: In Hysteria
25 posts, read 4,014 times
Reputation: 10

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Quote:
Originally Posted by 2bindenver View Post
A foreclosure auction is the last place a newbie should be.

A lot of loans that are foreclosing are juniors, so if you buy one you have to payoff the first in order to get full ownership.

A foreclosure auction requires a certified funds check for 1 dollar more than what the bank bids. If you win the auction, you have until 2 pm to get the public trustee the rest of the cash.

There are redemption rights for all junior lien holders.....

Learning so much from you. I would call you, but idiot me signed a contract with my current realtor.

Shouldn't a good realtor have general knowledge of the schools, elementry, middle school HS besides the general knowledge we all have?

Shouldn't a realtor be a good negotiator?

It is ok for a realtor cancel a showing because they have other plans, excluding something serious of course. ( happened to me twice)

Is it professional to send an email with just a one line comment.. "when should we meet?"
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Old 08-16-2011, 08:57 PM
 
10 posts, read 13,794 times
Reputation: 10
Frankly, I fear the foreclosure market. I want to be able to take the time to look at a place, get it inspected, etc. I'm just looking for a better than average deal. Take this one for example:

http://www.zillow.com/homedetails/5560-Pine-Ct-Greenwood-Village-CO-80121/13126782_zpid/#{scid=hdp-site-map-list-address}

I would have bought that in a heartbeat for the asking price due to area and lot size. They are going through a divorce, so someone got a chance to monopolize. I'm sure there are other stories like that available.

I appreciate the advice guys - Thank You.
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Old 08-16-2011, 09:06 PM
 
Location: Berkeley in Denver, CO USA
6,861 posts, read 5,764,854 times
Reputation: 6926
Focus.
Determine the location you want. Looking at Lone Tree and University Park is NOT focusing.
When we bought 25 years ago in Bonnie Brae, we focused on 4 blocks. Yes, 4 blocks. Then, we waited.
When we bought this year in Berkeley, we focused on 24 blocks.
Focus.
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Old 08-17-2011, 12:13 AM
 
Location: In Hysteria
25 posts, read 4,014 times
Reputation: 10
Quote:
Originally Posted by Ajs76 View Post
Frankly, I fear the foreclosure market. I want to be able to take the time to look at a place, get it inspected, etc. I'm just looking for a better than average deal. Take this one for example:

http://www.zillow.com/homedetails/5560-Pine-Ct-Greenwood-Village-CO-80121/13126782_zpid/#{scid=hdp-site-map-list-address}

I would have bought that in a heartbeat for the asking price due to area and lot size. They are going through a divorce, so someone got a chance to monopolize. I'm sure there are other stories like that available.

I appreciate the advice guys - Thank You.

Bad schools unless you go private.
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Old 08-17-2011, 12:51 AM
 
10 posts, read 13,794 times
Reputation: 10
Quote:
Originally Posted by davebarnes View Post
Focus.
Determine the location you want. Looking at Lone Tree and University Park is NOT focusing.
When we bought 25 years ago in Bonnie Brae, we focused on 4 blocks. Yes, 4 blocks. Then, we waited.
When we bought this year in Berkeley, we focused on 24 blocks.
Focus.
My initial thoughts were CCSD with an oppurtunity for decent appreciation - so either GV or Centennial probably, but I wanted to see if there was another area like Lone Tree (or University Park) I was missing out on.

I was hoping you all could help point me to some hidden gems I might not have considered.
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Old 08-17-2011, 08:33 AM
 
Location: In Hysteria
25 posts, read 4,014 times
Reputation: 10
Quote:
Originally Posted by Ajs76 View Post
My initial thoughts were CCSD with an oppurtunity for decent appreciation - so either GV or Centennial probably, but I wanted to see if there was another area like Lone Tree (or University Park) I was missing out on.

I was hoping you all could help point me to some hidden gems I might not have considered.

Are you new to Colorado?
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Old 08-17-2011, 04:26 PM
 
Location: In Hysteria
25 posts, read 4,014 times
Reputation: 10
Quote:
Originally Posted by Ajs76 View Post
Frankly, I fear the foreclosure market. I want to be able to take the time to look at a place, get it inspected, etc. I'm just looking for a better than average deal. Take this one for example:

http://www.zillow.com/homedetails/5560-Pine-Ct-Greenwood-Village-CO-80121/13126782_zpid/#{scid=hdp-site-map-list-address}

I would have bought that in a heartbeat for the asking price due to area and lot size. They are going through a divorce, so someone got a chance to monopolize. I'm sure there are other stories like that available.

I appreciate the advice guys - Thank You.

I read that foreclosures are going way down and banks are going to rent them instead, probably sell them when the market comes back up. Bad news for people looking for a deal on a foreclosure.
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Old 08-17-2011, 04:38 PM
 
Location: South Metro Denver for 25 years
8,634 posts, read 19,074,187 times
Reputation: 4341
That is just an idea, given the sheer number of vacant houses.

Banks are terrible at real estate and I can't imagine they'd make decent landlords.
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Old 08-17-2011, 04:43 PM
 
Location: In Hysteria
25 posts, read 4,014 times
Reputation: 10
I was told the market was going to be flooded with foreclosures in August and that has not happened, so what are they going to do with all these houses?
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Old 08-17-2011, 05:04 PM
 
Location: South Metro Denver for 25 years
8,634 posts, read 19,074,187 times
Reputation: 4341
Maybe they were referring to August 2012?

I guess a lot depends on your source...hmmmm.
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