Denver Foreclosures For Sale

Randy Alt Joins Moye White

JOINS MOYE WHITE AS PARTNER

Denver, CO. July 1, 2011. Denver law firm, Moye White LLP, has announced that Randall G. “Randy” Alt has joined the firm as Partner.

Alt is highly regarded in real estate circles, has just completed his term as secretary of the Real Estate Section for the Colorado Bar Association, and is currently vice chair of the Section.

“We are very pleased to welcome Randy Alt to Moye White,” said the firm’s Managing Partner, Jim Burghardt. “Randy brings almost 30 years of experience in real estate transactions to our firm and his stature within Denver’s real estate community will be a huge asset to our expanding Real Estate Group.”

Alt has extensive experience in complex commercial purchase, sale and financing transactions, receivership issues, loan workouts and restructuring (representing both lenders and borrowers), foreclosures, commercial and residential development transactions, commercial leasing transactions, title insurance and title related matters.

He has represented banks, casinos, leasing companies, sand and gravel companies, title companies, theatre owners, temporary housing providers, private real estate investors, restaurant and hotel developers, commercial and residential real estate developers, insurance companies, public entities and realty advisors.

Alt was formerly a partner with Denver law firm, Ryley Carlock & Applewhite. He maintains an “AV” rating with Martindale-Hubbell.

Moye White is a business law firm serving clients throughout Colorado, the Rocky Mountain West, nationally and internationally. With approximately 50 attorneys, Moye White provides legal representation across a wide variety of transactional and litigation matters. The firm’s attorneys offer strategic, team-oriented counsel to public, private and governmental clients in complex business and real estate transactions and disputes. Moye White is a member of the International Alliance of Law Firms, providing its clients with a reliable network of corporate law firms around the world. For more information, please visit www.moyewhite.com.

Denver Real Estate Update – May 2011 | Denver Real Estate Source

We hope that you are enjoying the onset of spring despite the fact that the weather hasn’t been very “springish” lately. There are many interesting developments across the Denver real estate market this month.

Here are a few of the highlights:

The number of Denver-area homes and condos put under contract (4,749) in April was much larger than in March (3,209). While this is great news, the April figure is still 28 percent lower than it was in April 2010, which was the peak of the buying frenzy spurred by the homebuyer tax credits. In April, there were 19,553 Denver-area homes listed for sale in the Denver area, which is the lowest number in any April since 2002. The number of Colorado foreclosures continues to fall. The Mortgage Bankers Association released a report last week, revealing that the percentage of mortgage loans in some form of foreclosure and new 30-day mortgage delinquencies in Colorado both fell in the first quarter. The Mortgage Banker Association also reported that are  fewer foreclosures for sale in the Denver area. The first-quarter foreclosure inventory rate of 2.33 percent has decreased from last year’s first quarter rate of 2.76 percent. This is the lowest rate since the fourth quarter of 2008. The Denver Business Journal reported last week that Denver was 19th (out of 146 markets) for real estate searches on Realtor.com in March and April.

All of these are great signs for the Denver housing market. People are searching for homes in Denver, there was a large uptick in contracts last month, the inventory of homes for sale is the smallest in almost a decade and the number of foreclosures is falling. We expect for the Denver real estate market to continue to strengthen during the summer months.

For more information on the state of the Denver real estate market, please contact TeamCox Realtors at 303-400-6060.

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