Lakewood Foreclosed Homes and Houses for Sale

Attractive Choices in Developing Locale

Lakewood foreclosed homes and houses for sale currently number 1,035 and sport the quoted price of $171,263. There are an almost equal number of other FSBO houses at the Lakewood property auctions. These carry a considerably higher median listed price of $225,000. It becomes obvious to even the lay reader at a cursory glance that the seized homes are being offered at a median price that is at more than 35 percent discount over the average going price for other homes that are determined by the prevailing market rates. You can acquire a home of any possible variety at the Lakewood real estate listings auctions. You can select your pick from tiny condominiums, modest apartments, elegant single-family homes, magnificent duplexes, spacious multifamily setups, commercial complexes, rolling farmlands and vacant lands. Indeed, the aspiring homebuyers have to contend with the difficult task of identifying their pet home option from among the numerous choices, each more appealing than the others.

Lakewood is the most populated city in Jefferson County, in the US state of Colorado. Lakewood is also the fourth most populated city in Colorado State and the 164th most populated US city. Lakewood is a part of the Denver-Aurora MSA {metropolitan statistical area} and lies within the Denver-Aurora-Boulder CSA {combined statistical area}. Lakewood is home to the renowned Lakewood High School as well as the Colorado Christian University. The suburban cities of Lakewood include Wheat Ridge, Arvada, Westminster, Edgewater, Littleton and Golden. Towns in proximity to Lakewood include Superior, Bow Mar, Mountain View, and Morrison. In addition, a few of the unincorporated CDPs {Census Designated Places} near Lakewood are West Pleasant View, Aspen Park, Indian Hills, Columbine, Genesee, Conifer, Kittredge, East Pleasant View, Ken Caryl and Evergreen.

Do Not Get Carried Away

By the sheer range and features of the houses on sale at the Lakewood property auctions. It wouldn’t augur well for you to get mesmerized by the charms of any specific home, whose price is beyond your means, and to manipulate a mortgage loan to buy it no matter what it takes. Such impetuosity in the real estate market is exceedingly unwise. Even supposing that you can gather the preliminary down payment needed, you are certain to find it problematic to pay off the loan installments timely. This could be the occasion for your subsequent default and your home getting seized. Not an appealing outlook, is it? So, stay within your means! There are plenty of properties out there, and you can unquestionably find another home that you like, if you are willing to just wait and watch.

The US government’s recent takeover Fannie Mae and Freddie Mac has resulted in a considerable regularization of the mortgage services. When you couple that with the declining home prices and the falling interest rates on housing finance, a compelling scenario emerges for intending homebuyers to acquire their dream homes now at the Lakewood foreclosure auctions. Lon Welsh, Jim Johnson, Mark White and John Smidt are among the important realtors in Lakewood, and hiring an expert agent will stand you in good stead while making property investments.

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