Three homes sell at foreclosure auction

Thu, Aug 25, 2011


Three of 38 foreclosed properties sold to investors at the El Paso County Public Trustee’s foreclosure sale on Wednesday. The other 35 sold back to the original lender.

The three that sold to investors included 339 Columbine St., Fountain, 80817; 5007 Old Mill Rd, 80917; and 4 El Sereno Drive, 80906.

The home on Columbine in Fountain sold for $68,100, up from an initial bid by lender of $60,000, which left a deficiency of $25,658.61. The 864-square- foot ranch style home built in 1958 last sold to Karin Good in 1991 after another foreclosure or short sale, according to El Paso County Assessor’s office records. The property currently has a market value of $103,570, according to the assessor. Investor New Design Living LLC purchased the home.

New Design Living also bought the house at 4 El Sereno Drive. New Design paid $136,500 for the property, up from the lender’s initial bid of $112,410. The final price left a loan deficiency of $55,641. Aubrey Milosevic bought the 1,187-square-foot ranch-style home built in 1955 for $185,000 in 2007, according to assessor’s records. The assessor still lists the market value of the home at $185,158.

Daniel C. and Lisa L. Hill purchased the home at 5007 Old Mill Rd. for $157,550, just $50 more than the lenders initial bid. The purchase price left a loan deficiency of $64,873.01.

Jack Barnes initially bought the 1,197-square-foot ranch-style house built in 1984 for $160,400 in 2000. The assessor lists the current market value of the home at $195,168.

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