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Four properties sell at foreclosure auction

Thu, Sep 15, 2011

News

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 Association. Lloyd Williams and Amber Evans Williams purchased the 2,399-square foot two-story home in December of 2006 for $332,634 and financed $340,000 in August of 2009.

The El Paso County Assessor lists the market value of the home at $293,546.

ARRC Enterprises purchased a house at 141 Ithaca (80911) for $86,500, several thousand over lender James B. Nutter & Company’s initial bid of $64,000. William and Maxine Lawrence borrowed $201,000 on the 1,150-square-foot split-level home built in 1963 in June of 2007.

The El Paso County Assessor lists the market value of the house at $125,420.

Fifty Over purchase a four-plex at 7135 Prado Drive in Fountain (80817) for $130,523.45. the price was $50 over the initial bid made by lender Great Western Bank. Dr. Bruce Campbell purchased the complex under the name 7135 Prado LLC in December of 2009. He financed $250,000 for the 1,243-square-foot building.

The EL Paso County Assessor lists the market value of the property at $210,000.

IDP Capital purchased a home at 3725 Oneida Lane (80918) for $143,550. That was several thousand over lender BMO Harris Bank’s initial bid of $120,382.43. Clayton and Shirley Ile purchased the 1,537-square foot ranch in 1985 when it was built. They borrowed $262,000 on the property in February of 2008.

The El Paso County Assessor lists the market value of the home at $187,705.

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