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Investors buy 5 properties

Thu, Sep 6, 2012

News

Investors bought five of the 28 properties that sold in the El Paso County Public Trustee foreclosure sale Wednesday, Sept. 5. The others were sold to the original lenders.

Alan McMullen paid $214,600 for a 2,073-square-foot two-story home built in 1996 at 1416 Heidi Ln. (80907). That was more than lender The Bank of New York Mellon’s initial bid of $203,550.30. Christopher and Christina Gilliam borrowed $225,000 on the property in September 2005. The El Paso County Assessor estimates the market value of the property is $258,516.

Rocky Mountain Metropolitan paid $94,350 for a 1,004-square-foot ranch home built in 1978 at 6915 Wichita Place (80915). That was $50 more than lender Bank of America’s initial bid. Milfred Springs borrowed $146,000 on the property in January 2009. The El Paso County Assessor estimates the market value of the property is $134,224.

Integrity Bank and Trust Custodian FBO Benito Madrill self-directed IRA paid $143,000 for a 1,680-square-foot ranch home built in 1983 at 5210 Iron Horse Trail (80917). That was more than lender Bank of America’s initial bid of $143,000.

Go Real Estate paid $131,000 for a 1,328-square-foot ranch home built in 2005 at 7344 Glenburn Drive (Fountain, 80817). That was more than lender GMAC’s initial bid of $124,703.95. Joseph Leon borrowed $206,502 on the property in June 2008. The El Paso County Assessor estimates the market value of the property at $179,162.

Roy Rodvold paid $145,450 for a 1,258-square-foot split-level home built in 1978 at 6095 Del Paz Ct. (80918). That was $50 more than lender Wells Fargo’s initial bid. Joanne Jaclidone-Gonzales borrowed $157,500 in April 2006. The El Paso County Assessor estimates the market value of the property is $182,191.

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