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Archive | August, 2012

Investors buy 6 properties at foreclosure sale

30. August 2012

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Investors bought six of the 50 properties that sold at the El Paso County Public Trustee’s foreclosure auction on Wednesday, Aug. 29. The rest were sold back to the lenders. Encore Real Estate paid $321,000 for a 2,679-square-foot ranch home built in 1980 at 3315 Clubview Terrace (80907). That was more than lender Wells Fargo’s [...]

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Foreclosure sales fall, prices rise

30. August 2012

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The number of foreclosure-related sales in Colorado Springs during the second quarter of this year dropped 16.58 percent from last year. Nationally, the number fell 22 percent year-over-year, according to RealtyTrac, an online marketplace for foreclosed properties. It was the first annual decrease in foreclosure-related sales after five quarters of increases, according to a release [...]

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Investors buy 8 properties at foreclosure

21. August 2012

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Investors bought eight of the 37 properties that sold in the EL Paso County Public Trustee’s foreclosure auction on Wednesday, Aug. 15. The rest were sold back to the lenders. IDP Capital paid $66,500 for a 1,040-square-foot ranch home built in 1955 at 2810 Wood Ave. (80907). That was more than lender HSBC Bank’s initial [...]

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Springs is 60th most searched real estate market

16. August 2012

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Colorado Springs was the 60th most searched market on Realtor.com in July. It was the second most searched metro area in Colorado, behind Denver, which ranked 27th, according to a release from Relator.com. Boulder and Longmont ranked 116th. Fort Collins and Loveland were 124th and Pueblo was 145th nationally. The residential real estate website also [...]

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Investors buy two properties at auction

8. August 2012

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Investors bought two of the 37 properties that sold in the El Paso County Public Trustee’s foreclosure sale Aug. 8. All of the others sold back to the lenders. T.P.I. paid $75,100 for a 858-square-foot ranch home built in 1965 at 1403 Maxwell St. (80906). That was more than lender Bank of America’s initial bid [...]

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Springs company launches short sale app

8. August 2012

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Summit Mitigation Services, a Colorado Springs-based short sale company, is finding new success with its mobile app. The company launched its My Short Sale Score six weeks ago and it’s already the top-rated short sale app on the market, according to a release from the company. Summit initially developed the app for internal use. It [...]

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Report: Springs home prices on the rise

8. August 2012

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Colorado Springs home prices increased by 4.4 percent year-over-year in June. That growth surpasses home sales price increases in the rest of the country, where prices went up 1.3 percent, including the distressed sales of foreclosed homes and short sales. The figures come from real estate analytics firm CoreLogic. Excluding distressed homes, sales prices increased [...]

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