Foreclosure Filings Slowing Down in Denver Metro Area

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Denver Metro area foreclosure filings have been slowing down in the past months, according to a report from the Metro Denver Economic Development Corporation. While the number of filings remains historically high, Denver Metro Real Estate Broker Kathy Andrews is confident that the market is on its way to recovery.

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This has also given Andrews and her team a particular expertise in short sales and they have had extensive experience representing both buyers and sellers in these transactions.

2010’s total number of foreclosure filings was significantly lower than that of 2009’s, according to the Metro Denver Economic Development Corporation’s Monthly Economic Summary for February 2011. Historically, the number of foreclosures filed is still quite high, however, something which has prompted leading local real estate expert Kathy Andrews to urge homebuyers and investors to consider investing in Denver Metro foreclosures.

“If you’re in the market for an affordably priced home in the Denver-Aurora area or if you’re looking for Denver Metro investment properties, you should take a look at the market for foreclosures and short sales,” says Andrews. “There’s enormous potential in these properties, particularly since the Denver Metro area is proving to be one of the country’s most resilient regions. The recession may have slowed Denver’s growth, but there’s no question that the future of the Mile-High City and its surrounding areas is as bright as ever.”

Andrews numbers among leading Denver Metro Realtors and is the co-founder of Regal Realty Group, LLC. Her background in mortgage processing and broker price opinions (for numerous banks) has given her a unique insight into market trends and forces and has provided her with a breadth of knowledge in both real estate and financing that her clients benefit from. This has also given Andrews and her team a particular expertise in short sales and they have had extensive experience representing both buyers and sellers in these transactions.

“In today’s market, experience in short sales is an absolute must,” says Andrews. “And for a short sale to go well, if you’re representing a seller, you must educate your client from beginning to end on the reality of what a short sale truly is and what they can realistically expect from it. This is the best thing that a reliable real estate advisor can do for clients who are often already on the edge of despair. This is what we strive to do at the Regal Realty Group.”

For more information on Regal Realty Group’ services, as well as the real estate market in the Denver Metro area, get in touch with Kathy Andrews or visit their website at http://www.RegalRealtyGroupLLC.net.

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