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Archive | January, 2012

Four properties sell at foreclosure auction

26. January 2012

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Investors bought four of the 39 properties that sold at the El Paso County Public Trustee’s foreclosure auction on Wednesday. The rest sold back to the original lenders. Field of Dreams Investments purchased a 2,762-square foot home at 2955 Clarendon Dr. (80916) for $84,650. That was just $50 over lender the Bank of New York [...]

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Statewide mortgage payoffs lowest since 2000

25. January 2012

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The number of mortgage loans paid off, an indicator of real estate market health, fell 6.4 percent statewide from 2010 to 2011. However, the number of loan payoffs rose from the third to fourth quarter. “That’s good news after three consecutive quarters of declining release rates,” said Ryan McMaken, spokesman for the Colorado Division of [...]

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Investors buy seven properties at foreclosure auction

19. January 2012

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Investors bought seven of the 35 properties that sold at the El Paso County Public Trustee’s foreclosure auction on Wednesday. The rest sold back to the lenders. All In Investments bought a 2,103-square foot, two-story home at 16955 Park Trail Drive in Monument for $221,257. That was just $50 over the initial bid made by [...]

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Keller to introduce new home designs in Pine Creek and Peregrine

17. January 2012

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Keller Homes announced this week that it will release two new villa designs for its Pine Creek and Peregrine developments. It will break ground at the end of January on its first Villa Castello in its La Bellezza Villa neighborhood of Pine Creek, said Keller Homes marketing manager Sharon Curdy. The Villa Luca model will [...]

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Investors buy 2 foreclosures at auction

12. January 2012

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Investors bought two of the 39 properties that sold in the El Paso County Public Trustee’s foreclosure auction on Wednesday. Charles Waldron paid $136,000 for a 2,000-square foot bi-level home built in 1973 at 1154 Tulip Place (80907). The bid was well over Wells Fargo Bank’s initial bid of $108,627.84. The previous owner, Douglas Croastan, [...]

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Home price index holding on in Colorado Springs

9. January 2012

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Home prices in Colorado Springs are stronger than the national average, according to data released today from real estate analytics firm CoreLogic. Excluding the sales of distressed properties in short-sale, foreclosure and similar circumstances, existing home sales prices in Colorado Springs rose 1.1 percent from November 2010 to November 2011. They rose 0.4 percent from [...]

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Social security office expanding downtown

6. January 2012

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The Social Security Administration and Disability Adjudication and Review Office is moving into a new and larger space in the Plaza of the Rockies building downtown on the corner of Colorado Avenue and Tejon Street. The General Services Administration, which manages federal government facilities, has contracted with Colarelli Construction for $650,000 in renovations to suite [...]

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Two properties sell at foreclosure auction

5. January 2012

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Third-party investors bought two of the 35 properties that sold at the El Paso County Public Trustee’s foreclosure auction on Wednesday. The first was a 1,600-square foot two-story home built in 2006. Investor Peter J Michaud paid $152,050 for the property, just $50 over lender US National Bank’s initial bid. The previous owner, Mike Petteway, [...]

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