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Foreclosure Information

Current NEDs

Randy’s 11/11/13 blog:  Not as many homes showing up on the NED list again, of course all of you know what NED stands for (Notice of Election and Demand). So, even though the market has slowed a bit in Oct and is continuing into Nov 2013 as a little slower then pr…evious months the NEDs continue to slow down also, with Larimer county at 6, Weld-8, Boulder -1, Adams-16 and so forth. Anybody that would like other counties please post the county that you would like. The sales for this Wed the 13th so far are Larimer county-3, Weld-8 (a couple of good ones, Adams-only 9 with only a couple with deficiencies (stay tuned later this week and I will explain deficiencies), Boulder-2 and no sales in Boulder County even though there are about 10 of them scheduled the next week when I check out the list.

Slim Pickings

Randy’s Blog November 5, 2013

Well, those of you that want to follow the foreclosure market should visit our site at least twice a week and you should see an update. Currently, homes are selling at about the 2004-2005 level which will put most homes back above water so the foreclosures definitely will be slower. Tomorrow the sales will be as follows for the county public trustees, Weld has 5, Larimer 2, Morgan 1, Yuma 1, Boulder 5 and Adams 18. If anyone would like for me to add Jefferson county, let me know. Slim pickings again this week.

Foreclosures in Northern Colorado

From Randy Nelson/Employing Broker/Owner at Blue Tree Real Estate Ltd, November 1, 2013

Foreclosures for Northern Colorado are getting fewer and fewer. The NED list last week for Larimer county was down to 7, Weld county 7, Adams county (which normally leads the pack and still does today) had 30 and Boulder county had only 4. …The NED (Notice of Election and Demand) is kind of a future snapshot of the upcoming foreclosures 120 days from now . Some of them never see the final foreclosure sale since they can be pulled for a variety of reasons. Bankruptcy, owners redeem, the property is short saled and some banks just don’t want them in their inventory. There is one in Fort Morgan that is at $70K but needs about $30K in repairs but USDA does not want it in their inventory for some reason. The place might be worth about $120 when fixed up but it would take the right person and an approved short sale. Slim possibility on someone buying it as a short sale but that would be the best avenue since if you pick it up at public trustee you would be stuck with all those city fines, water bills, taxes and anything else following the property. Hopefully more will be coming.