Denver Real Estate Blog

Denver, like the rest of the country, has seen a recent spike in the number of foreclosed homes.

Denver homes that are foreclosed homes can be problematic for neighbors in the area. Unlike other empty homes, which are usually under the watchful eye of the owners or a real estate agent, foreclosed homes are often left unattended for months — from before a bank takes ownership of the house until after it’s sold. Because the widespread foreclosure problem arose from mortgage defaults, it affects all types of neighborhoods — from the lowest to the highest income areas.

There is some evidence that as foreclosures mount in a community, the community’s crime rate may rise. Even if crime doesn’t increase, foreclosures usually present a quality-of-life issue for neighbors. Consider the following.

Break-Ins, Squatters and Partiers
Criminals may view a vacant home (or business) as a ripe opportunity to steal copper pipe, fixtures or appliances. Homeless persons or runaways may seek shelter in the buildings, and in colder weather may even start fires inside. Squatters may attempt to rig wiring to get power to the house; doing so is dangerous and can spark an electrical fire. The homes may be appealing to others as a secret place to party. And in some cases, meth labs may spring up in vacant houses. Over time, vandalism (broken windows, graffiti) may occur.

Other Quality-of-Life Issues
Most foreclosed homes in Jefferson County are not plagued by crime. But many undergo a transformation after being vacated. When a foreclosed property is not maintained, it can become an eyesore, affecting nearby property values. Grass and weeds grow amok. Newspapers, notices and mail pile up. Mosquitoes multiply near standing water (swimming pools or fountains).

Resource

A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.

REAL ESTATE

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Jeffery McClintock, is a real estate broker in Denver and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions. Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 individual real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.