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Archive | September, 2011

Investors buy six properties at foreclosure auction

29. September 2011

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Investors bought six of the 32 homes that sold at the El Paso County Public Trustee’s foreclosure auction on Wednesday, Sept. 28. The rest sold back to the lender. Kemper properties LLC purchased a home at 2783 Brooksedge View (80910) for $75,200. That was just $50 over the lender’s initial bid. The market value for […]

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Report: National shadow inventory falls

27. September 2011

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The number of homes in some stage of foreclosure, but not yet listed on the multiple listing services dropped nationally in July. CoreLogic , an information and analytics company , reported that so-named shadow inventory dropped slightly from 1.9 million in 2010 to 1.6 million in the same time this year and down from 1.7 […]

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Data: Closing totals will be similar to 2010

23. September 2011

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Home sales totals for 2011 in the Pikes Peak Region are likely to be on par with sales in 2010, though spread throughout the year much differently, according to analysis from the Colorado Department of Housing. Year-over-year, closings on single family homes were up 11.9 percent in Colorado Springs for the month of July, according […]

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Only one property sells at foreclosure auction

22. September 2011

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Only one of the 32 properties that sold in Wednesday’s foreclosure auction sold to an investor. The other 31 properties sold back to the lenders. The house that sold was a 2,593-square foot two-story home built in 2005 at 12824 Angelina Drive in Peyton. Service Investments purchased the home for $225,663, just $50 over lender […]

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Denver construction firm working on CS projects

19. September 2011

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Denver-based Golden Triangle Construction is working on two major Colorado Springs construction projects and one in Woodland Park. The company is building an 8,453-square foot medical facility for elder care. The new green building will house Age Well Associates (formerly Colorado Springs Senior Medicine). The building, designed by OZ Architecture and located in Colorado Springs, […]

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Falcon nonprofit to build athletic field

16. September 2011

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Falcon Community Builders for Classrooms announced this week that it will build an athletic complex at Vista Ridge High School. The project comes as a result of a partnership between the nonprofit, funded by home builders in eastern El Paso County, and Falcon School District 49 patrons and board of education. The complex will include […]

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Four properties sell at foreclosure auction

15. September 2011

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Four of the 34 homes that sold in the El Paso County Public Trustee’s foreclosure auction on Wednesday sold to investors. The rest sold back to the lenders. All In Investments purchased a home a 272 Homeland Court (80921) for $228,307, which was just $50 over the initial bid made by lender U.S. Bank National […]

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22 percent of CS homeowners upside down

13. September 2011

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More than 22 percent of homeowners in Colorado Springs owe more on their mortgages than their homes are worth. CoreLogic, a research and analysis firm, released data today revealing that 34,109 homeowners in Colorado Springs are upside down on their mortgages. That’s consistent with national trends, where 22.5 percent of borrowers owed more than the […]

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CS home builders announce Parade of Homes winners

13. September 2011

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The Colorado Springs Home Builders Association granted awards earlier this month for excellence in building and design during the Parade of Homes. The Parade featured 33 new homes throughout the Colorado Springs community. The following won the industry and people’s choice awards for home ranging from $160,000 to just over $2 million. Winners are listed […]

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Four homes sell to investors at foreclosure auction

9. September 2011

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Investors bought four of the 45 homes that sold at the El Paso County Public Trustee’s foreclosure auction Wednesday. The other 44 homes were purchased by the banks that were owed on the loans. Absolute Investments purchased a home at 6381 Tenderfoot Drive (80906) for $236,050, just $50 over the initial bid made by lender […]

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