Category Archives: Fraud

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, foreclosures, housing bubble, pricing, statistics | Tagged , | 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, General Interest, foreclosures, housing bubble | Tagged , | Comments closed