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Archive | May, 2012

Investors buy 3 properties in foreclosure auction

31. May 2012

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Investors bought three of the 26 properties that sold in the El Paso County Public Trustee’s foreclosure auction Wednesday. The others were sold back to the lenders. Sparrow Inc. paid $70,000 for an 816-square-foot ranch home built in 1951 at 8170 Chipita Park Road in Cascade. That was significantly more than lender US Bank’s initial [...]

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Investors buy 3 properties at foreclosure auction

24. May 2012

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Investors bought three of the 31 properties that sold in the El Paso County Public Trustee’s foreclosure auction Wednesday. The others sold back to the lenders. City Light Homes paid $122,534.95 for a 2,408-square-foot bi-level home built in 1982 at 5565 Trout Creek Pass Dr. (80917). That was just $50 higher than lender CitiMortgage’s initial [...]

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RealtyTrac: Foreclosure filings drop again

23. May 2012

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The number of U.S. properties in some stage of foreclosure fell 14 percent year-over-year in April, according to market researcher RealtyTrac. The number of foreclosure filings hit its lowest level since July of 2007, according to the report. There were 188,780 properties with default notices, scheduled auctions and bank repossessions in April, a 5 percent [...]

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Investors buy 4 properties at foreclosure auction

17. May 2012

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Investors bought four of the 26 properties that sold in the El Paso County Piblic Trustee’s foreclosure auction Wednesday. The rest sold back to the lenders. Kemper Properties paid $231,500 for a 1,334-square-foort ranch home built in 2005 at 6274 Tin Star Dr. (80923). That was slightly over lender Wells Fargo’s initial bid of $220,325. [...]

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Investors buy 5 properties at foreclosure auction

10. May 2012

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Investors bought five of the 34 properties that sold in the El Paso County Public Trustee’s foreclosure auction May 9. The others sold back to the lenders. Necessity Homes paid $56,453.20 for a 1,177-square-foot condominium built in 2001 at 364 Ellers Grove (80916). That was just $50 over lender Bank of America’s initial bid. John [...]

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Commercial brokers report real estate deals

10. May 2012

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Commercial real estate brokers in Colorado Springs have announced some recent activity. Aaron Horn and David Bacon were the listing agents at Sierra Commercial Real Estate who leased a 2,727-square-foot industrial space at 1110 Elkton Dr. (80907)  earlier this month. Jones Lange LaSalle represented Greiner Electric, which owns the building, in the deal. Bacon also [...]

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Foreclosure activity drops in El Paso County, state

9. May 2012

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Foreclosure activity dropped 13.3 percent from the same time last year in El Paso County in April. In metro counties across Colorado, foreclosure filings rose 7.3 percent from April of 2011, but foreclosure sales at auction dropped 36.2 percent. “March and April tend to be the high points for the year when it comes to [...]

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Report: Lenders working with borrowers to reduce foreclosure

9. May 2012

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Short sales, loan modifications and other alternatives are driving down the number of foreclosures, according to a report released today from CoreLogic, a California analytics firm. Foreclosures are on the decline because banks are working with borrowers, home sales are increasing and prices are stabilizing, according to the report. Other findings: • Short sales, modifications [...]

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Investors buy 5 properties at foreclosure auction

3. May 2012

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Investors bought five of the 28 properties that sold at the El Paso County Public Trustee’s foreclosure auction Wednesday. The other 23 properties sold to the lenders. Compass Capital Holdings paid $155,158.80 for a 1,449-square-foot two-story home built in 2004 at 5175 Stetson Meadows Dr. (80922). That was just $50 over lender Wells Fargo’s initial [...]

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