Category Archives: foreclosures

Stop looking at the list price! It doesn't really matter.

By Spencer Barron | Published: September 3, 2009
Why is it that your typical buyer will always be locked in on the list price. They certainly don’t want to pay more than that, after all, it’s still a buyer’s market right? But the list price has nothing to do with what it is worth. Take the house I listed about [...]
Also posted in Buying a home, Denver Real Estate, Flipping | Comments closed

Update on Renter's rights when rental is foreclosed

By Spencer Barron | Published: September 2, 2009
This isn’t new but you may not have heard about it. It’s especially important if you’re interested in purchasing properties in foreclosure down at the public trustee’s auction. It’s also an update on this post where unknowing renters were being evicted from the property even though they had a lease in place [...]
Also posted in Denver Real Estate, Flipping | Comments closed

The main cause of Foreclosures in Denver….

By Spencer Barron | Published: October 21, 2008
The cause of many of the current foreclosures may be simply that there is no longer any incentive to make payments. There is no equity because there was no money involved for the home owners. There was none created by paying down principal, and there is no longer any more appreciation. It’s [...]
Also posted in Buying a home, Denver Real Estate, Flipping, Fraud, housing bubble, pricing, statistics | Tagged , | Comments closed

Wondering what to expect next in the financial markets? Take your pick a BailOut, More Pain or Worse.

By Spencer Barron | Published: October 1, 2008
I’ll just have to get this doom and gloom post out of the way before I post another market update. Don’t worry, at least nothing new has changed in the real estate market. Slow has become business as usual for most. Now the rest of the world is starting to realize that this [...]
Also posted in Denver Real Estate, Economy, Stock Market | Comments closed

Renters rights when being forced out by a foreclosure

By Spencer Barron | Published: March 26, 2008
A recent news story on 9news.com brought to light a problem many renters are facing.  The landlord stops paying the mortgage but still demands the rent.   A real estate attorney, Joseph Davies, is quoted as saying, the “deal with the owner is independent of the owners deal with the bank.”  … “Generally speaking, the rights of [...]
Also posted in Denver Real Estate, Renting | Comments closed

Identifying a Meth Lab

By Spencer Barron | Published: February 19, 2008
The City and County of Boulder (Colorado) has a great website resource for identifying a meth lab.  With the rise in foreclosures and more agents being the first people to enter recently vacant homes after and possibly during a foreclosure, a little education can go along way for your own safety and the safety of your clients.  Going into [...]
Also posted in Denver Real Estate, General Interest | Comments closed

Condo Conversions and the Dark Underbelly of the Subprime Mess

By Spencer Barron | Published: February 19, 2008
I just walked out of the second recent condo conversion in a month that I saw back on the market way at about 30% of what it had sold for.  It had been ‘flipped’ in 2006 by some investors.  In my humble opinion, it seems suspicious to me when large numbers of foreclosures show up all at once in [...]
Also posted in Denver Real Estate, Flipping, Fraud, General Interest, housing bubble | Tagged , | Comments closed

Who would actually pay price the builders are asking?

By Spencer Barron | Published: December 17, 2007
I noticed that many builders have inflated their abstract pricing on their inventory in order to offer better incentives and offer ‘dramatic’ price cuts so that buyers feel like their getting great deals when they buy a new home.  I recently sold a home in the Village at Centennial  near the Denver Tech Center where the builder was offering [...]
Also posted in Denver Real Estate, Marketing, Negotiations, housing bubble, pricing | Comments closed