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April 11, 2008

Denver Foreclosures

Big_lobster Lenders foreclosed on about 7,700 homes in Denver last year; officials expect 11,000 this year, mirroring a national increase. Among the neighborhoods hardest hit was this corner of the Green Valley Ranch subdivision. The map shows foreclosures since late 2006. One Hard Hit Neighborhood At A Glance

Père Lachaise Cemetery from the air

Wolfgangs settlement, Landshut and other aerial photographs by Klaus Leidorf

Upside-Down House in Poland, one of 13 Crazy Houses

Unrelated: World’s biggest lobster

(Photo above from Richard and Jo's Australian Big Things)

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April 11, 2008 in Real estate | Permalink

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Posted by: Frederic at Apr 13, 2008 1:14:16 AM

Wow..I didn't realize that Denver got hit that hard.

Posted by: Rich at Apr 14, 2008 8:11:24 PM

Denver did get hit. But I don't think it got hit as hard as Detroit. I live in the suburbs here and the automotive industry isn't helping either.

Peter

Posted by: Peter at Apr 19, 2008 8:31:30 PM

According to CNN, these are the worst 10 cities to buy a home. The expected percentage decline is listed below.

* Stockton, CA —> expected 9.7% decline
* Merced, CA —> expected 8.9% decline
* Reno/Sparks, NV —> 8.9% decline
* Fresno, CA —> 7.9% decline
* Vallejo/Fairfield, CA —> 7.8% decline
* Las Vegas, NV —> 7.1% decline
* Bakersfield, CA —> 6.6% decline
* Sacramento, CA —> 6.4% decline
* Washington, D.C. —> 6.3% decline
* Tucson, AZ —> 6.2% decline

But the worst is a matter of perspective. If you're able to buy cash flow(you know... profitable rentals) then you can buy all day long because your cash flow is making you money and your long term.

Gerald Romine
www.geraldromine.com


Posted by: Gerald Romine at Apr 21, 2008 8:18:51 AM

It is unfortunate that there are so many foreclosures across the U.S. If a homeowner can find a means to hold on to their property until the market turns upward, they may be better off. One suggestion is to rent the property out and move into an apt. or home that is less expensive and allow the renters of your property to carry your costs until the market turns upward. In La Jolla, CA. the market is fairly stable eventhough foreclosure are up. La Jolla homes are sought after by many people world-wide. The prestigious Robb Report publication has named La Jolla the #1 place to live in the U.S. Visit this website to learn more about La Jolla and view homes for sale.
http://www.lajollabeachproperty.com

Posted by: La Jolla Homes For Sale at Apr 21, 2008 6:14:21 PM

You should see the foreclosure numbers here in San Diego! it's outrageous! In fact, San Diego Real Estate Market is #9 Of the Most Challenging Housing Markets in America! Check out the article I wrote about it on my blog: http://www.brokerforyou.com/brokerforyou/?p=333

Posted by: San Diego Real Estate Blog at Apr 25, 2008 1:20:04 PM

Good post. We haven't been hit so bad in the Seattle area, although clearly foreclosures are way up from years past. But not so bad as out your way.

Posted by: Chuck Marunde at Apr 25, 2008 8:08:56 PM

Foreclosures are at an All Time High. Now is the time for smart investors to cash in. Use our FREE Real Estate Toolkit to find out how to tap into the hottest foreclosure market you'll ever see.

Posted by: jake kennedy at Jun 8, 2008 4:41:30 AM

Everywhere got hit pretty hard, so it's no surprise that Denver got that punch. Just roll with the punches as they say.

Posted by: Bergen County Real Estate at Jul 29, 2008 9:34:37 AM