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Archive | August, 2011

Two properties sell at foreclosure auction

11. August 2011

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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 […]

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US credit downgrade may impact mortgage rates

9. August 2011

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Standard & Poor’s downgrade of the United States credit rating Friday, followed closely by a downgrading of both Fannie Mae and Freddie Mac on Monday may impact mortgage interest rates. Chad Engler, branch lending manager for TCF Bank on North Academy Boulevard, said interest rates actually fell in response to recent events and are likely […]

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El Paso County leads in single-family building permits

8. August 2011

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El Paso County is seeing more new construction activity than other major metro areas in the state. Twenty-two percent of all single-family building permits issued in the first half of 2011 were issued in El Paso County, according to building permit date released by the Census Bureau. Of the 3,416 single-family permits issued this year, […]

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Unfinished Rockrimmon neighborhood foreclosed

4. August 2011

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What was going to be a high-end development of custom-built homes in the Rockrimmon area sold back to the lender at foreclosure auction Wednesday. Pueblo Bank and Trust Company won 48 vacant lots with its initial bit of $4.34 million and declared a loss of more than $3.33 million, according to El Paso County Trustee’s […]

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Trustee: Sales, foreclosures, revenue down

3. August 2011

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Fewer than expected foreclosure starts and deed releases will likely reduce revenue for the El Paso County Trustee’s Office. But Public Trustee Tom Mowle said he’s already cut his budget and is in a good position heading into what he expects will be a slow final two quarters of the year. Mowle released his July […]

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