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 and Constance Roberts borrowed $90,400 on the home in October of 2005. The El Paso County Assessor estimates the value of the home at $82,702.
Gene Melssen paid $238,001 for a 1,679-square-foot ranch home built in 2004 at 7093 Wood Lily Dr. (80923). That was just $50 over lender JPMorgan Chase Bank’s initial bid. Kenneth and Keita Melchi borrowed $305,768 on the property in July of 2009. The assessor estimates the market value of the home at $265,151.
Finite House Solutions purchased a 1,273-square-foot split-level home built in 1960 at 4035 Haven Ln. (80917) for $120,000. That’s almost twice lender Bank of America’s initial bid of $61,162.34. Gary and Sharon Adams borrowed $86,000 on the house in September of 2003. The assessor estimates the market value at $181,114.
Duane L. Carter bought a 1,320-square-foot townhome built in 1989 at 2521 Patriot Heights (80904) for $150,000. That was well over lender Beal Bank’s initial bid of $91,072.99. William Watson borrowed $93,000 on the home in January of 2003. The assessor estimates the market value at $175,322.