Two of the 33 properties sold at the El Paso County Public Trustee’s foreclosure auction Wednesday sold to investors.
All In Investments purchased a property at 5340 Fossil Butte in the 80918 zip code for $176,219, which was just $50 over the initial bid of $176,169 made by lender Wells Fargo.
Wells Fargo declared a deficiency on the property of almost $123,000.
The other property that sold to an investor sold to a New Design for Living, which purchased 1816 Harley Lane in the 80916 zip code. The investor paid $57,650.
The lender, Nationwide Advantage Mortgage Company, declared more than a $112,000 deficiency on the property.
The remaining 31 properties that sold at auction reverted to the lenders as no one bid to buy them.