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Archive | March, 2012

Investors buy four properties at foreclosure

29. March 2012

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Investors bought four of the 26 properties that sold at the El Paso County Public Trustee’s auction, March 28. All of them paid the minimum bid of $50 over the lender’s initial bid. The rest of the properties sold back to the lenders. City Light Homes paid $124,205 for a 1,085-square-foot ranch house built in […]

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Springs foreclosure rate falls in January

27. March 2012

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Colorado Spring foreclosure rates decreased in January, according to CoreLogic. The rate of foreclosure among all outstanding mortgages in Colorado Springs fell to 1.39 percent in January, according to a report from CoreLogic, a real estate market information and analysis firm. The rate is a decrease of 0.42 percent from January of 2011 when it […]

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Investors buy 7 properties at foreclosure auction

23. March 2012

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Investors bought seven of the 37 properties that sold at the El Paso County Public Trustee’s foreclosure auction March 21. The other 30 sold to the original lenders. Go Real Estate Development, LLC paid $69,500 for a 864-square-foot split-level home built in 1970 at 3443 Colony Hills Rd. (80916). That was slightly over lender PNC […]

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Re/Max moves Monument office

19. March 2012

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Re/Max Properties has moved its Monument office. Its new location at 1761 Lake Woodmoor Dr. is smaller and more affordable, said Broker/owner Joe Clement. “The problem with our old location was that it was just too big and too expensive,” Clement said. The brokerage has had an office in Monument since 2003 and just finished […]

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Investors buy 4 properties at auction

15. March 2012

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Investors bought four of the 35 properties that sold at the El Paso County Public Trustee’s foreclosure sale on Wednesday, March 15. The rest sold to the initial lenders. The Buy-out Company LLP purchased a 2,080-square foot bi-level home built in 1995 at 104 Comanche Ct. in Fountain (80817) for $93,000. That was much higher […]

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El Paso foreclosure filings inch up in Feb.

14. March 2012

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Foreclosure filings in El Paso County were up slightly in February, according the Colorado Division of Housing foreclosure report. Filings were up 4.5 percent in El Paso County, which tracks with the average for Colorado’s metropolitan counties, where filings were up 3.5 percent year over year. From January to February, foreclosure filings rose 6 percent […]

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Investors buy seven properties at foreclosure sale

8. March 2012

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Investors bought seven of the 18 properties that sold in the El Paso County Public Trustee’s foreclosure auction on Wednesday, March 7. Ed Kline and Don Kline paid $90,100 for a 1,050-square foot split-level home built in 1969 at 1318 Shenandoah Dr. (80910). That was well over lender Wells Fargo Bank’s initial bid of $83,724. […]

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Real Estate Blog: Palmer McAlister changes its name

5. March 2012

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Commercial real estate company Palmer McAlister – A Cushman Wakefield Alliance has abbreviated its name to Cushman & Wakefield / Colorado Springs Commercial. Owners said the modification is intended to capitalize on the affiliation with Cushman & Wakefield and its national notoriety. Despite the emphasis on its national ties,  the agency is still independently owned […]

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Investors buy 5 properties at foreclosure auction

2. March 2012

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Investors bought five of the 41 properties that sold in the El Paso County Public Trustee’s foreclosure auction on Wednesday, Feb. 29. The rest sold back to the lenders. IDP Capital LLC paid $165,500 for a 1,656-square foot two-story home built in 1998 at 6690 Bear Tooth Dr. (80918). That was well over lender Wells […]

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Trustee: Foreclosures and releases down

1. March 2012

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Foreclosure stars in El Paso County rose slightly from 285 in January to 301 in February, according to El Paso County Public Trustee Tom Mowle’s monthy foreclosure report. Monthly foreclosure starts have remained within a fairly narrow range since August of last year, averaging 315 per month during these past seven months, Mowle writes. Foreclosure […]

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