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Investors buy 4 properties at foreclosure auction

Mon, Oct 15, 2012

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Investors bought four of the 38 properties that sold in the El Paso County Public Trustee’s foreclosure sale Wednesday, Oct. 10. The rest were sold to the lenders.

Finite House Solutions paid $77,604.40 for a 1,056-square foot ranch home built in 1954 at 3111 N. Arcadia St. (80907). That was $50 more than lender Wells Fargo’s initial bid. Spencer and Peggy Finch borrowed $87,805 on the property in December 2005. The El Paso County Assessor estimates that the property’s market value is $119,241.

Na Zhai paid $211,000 for a 1,729-square-foot two-story home built in 2004 at 4625 Pascal Ct. (80920). That was more than lender The Bank of New York Mellon’s initial bid of $200,000. Robert and Julie Teegardin borrowed $270,000 on the property in October 2005. The El Paso County Assessor estimates the market value of the home at $264,756.

HOA Solutions paid $80,000 for a 1,472-square-foot two-story house built in 1986 at 4575 Morning Mist Drive (80916). That was more than lender HSBC Mortgage Services bid of $65,258.93. Rachel Payne borrowed $151,000 on the home in December 2005. The El Paso County Assessor estimates the market value of the home at $118,200.

Moran Eldar paid $82,761.38 for a 1,058-square-foot condominium built in 1980 at 1030 Magic Lamp Way (Monument, 80132). That was $50 more than lender JPMorgan Chase Bank’s initial bid. Karen Barker borrowed $79,000 on the property in April 2007. The El Paso County Assessor estimates its market value at $117,796.

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