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Archive | February, 2012

Investors buy 7 properties at foreclosure auction

29. February 2012

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Investors bought seven of the 33 properties that sold in the El Paso County Public Trustee’s foreclosure auction on Wednesday, Feb. 22. The rest sold back to the lenders. Ed Klein and Don Klein paid $145,500 for a 1,309-square-foot ranch home built in 1996 at 1611 Canoe Creek Dr. (80906). That was well over lender […]

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FHFA index puts Mountain Region behind national average

24. February 2012

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The Federal Housing and Finance Agency housing price index in the mountain region, which includes Colorado, dropped slightly year-over-year in December, but is down 30 percent from its peak in 2007. The FHFA monthly index is calculated using purchase prices of houses purchased with loans that have been sold to or guaranteed by Fannie Mae […]

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Investors buy 3 houses at foreclosure auction

20. February 2012

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Investors bought three of 28 properties that sold at the El Paso County Public Trustee’s foreclosure auction on Feb. 15. The other 25 properties returned to the lenders. IDP Capital purchased a 1,707-square foot bi-level home built in 1981 at 1830 Doherty R. (80916) for $99,000. That was slightly over lender Deutch Bank National Trust’s […]

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Report: Real estate inventory and prices down, sales up

13. February 2012

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While more homes sold in January of this year than in any January since 2008, the average and median home sales prices hit lows, according to Pikes Peak Association of Realtors data. The association reported that there were fewer new property listings in January of 2012 than there have been in any other January since […]

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Investors buy four properties at foreclosure auction

10. February 2012

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Third-party investors bought four of the 28 properties that sold in the El Paso County Public Trustee’s foreclosure auction on Wednesday, Feb. 8. Windflower, LLC bought a 666-square-foot ranch home built in 1954 at 605 Huron Rd. (80910) for $46,050. That was a $1,000 over lender Deutsche Bank National Trust’s initial bid of $45,052.20. Wayne […]

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Weichert real estate partners with architects

7. February 2012

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Weichert Realtors – Pikes Peak Group has teamed up with Colorado Development & Architecture. “They’re still going to be CDA, but they’re housed here with us,” said Weichert managing broker Monika Newman. “We certainly hope that service will be attractive to commercial real estate clients and even on the residential side.” The idea behind the […]

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Investors buy two foreclosed properties at auction

3. February 2012

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Investors bought two of the 34 properties that sold at the El Paso County Public Trustee’s foreclosure auction on Wednesday. The rest sold back to the lenders. E.N. Properties bought a 2,628-square foot two-story home built in 1991 at 17570 E. Caribou Dr. in Monument (80132) for $259,000. That was more than $100,000 over lender […]

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