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Archive | November, 2012

Investors buy 3 properties at foreclosure auction

29. November 2012

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Investors bought three of the 41 properties that sold in the El Paso County Public Trustee’s foreclosure sale on Wednesday, Nov. 28. The rest sold back to the lenders. AMC Properties paid $39,708.50 for a 1,492-square-foot condominium built in 1974 at 3460 #G Parkmoor Village Drive (80917). That was $50 more than lender Wells Fargo’s […]

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Quantum Commercial announces three new business leases

28. November 2012

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Quantum Commercial Group has negotiated three new commercial leases in recent months. Mountaintop Dermatology leased 2,05 square feet in the Rogers & Platt Dental Building at 2465 Research Parkway (80920). Susan Beitel, an agent with Quantum, represented the building owner. Roger Hernandez, an agent with Carr Heath Care Realty represented the tenant. Team Select Home […]

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Investors buy 2 properties at foreclosure sale

21. November 2012

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Investors bought two of the 40 properties that sold in the El Paso County Trustee’s foreclosure sale Nov. 21. The rest sold back to the lenders. David Stratton and Stanley Kline paid $113,738 for a 1,620 two-story home built in 1989 at 9108 Chieftan Drive (80925). That was $50 more than lender Wells Fargo’s initial […]

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Denver investor buys big Springs apartment complex

19. November 2012

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Real Capital Solutions, a Colorado-based investment and property management company bought the Tanager Meadows apartment complex earlier this month. The 30-building, 528-unit property is one of the largest apartment complexes in Colorado Springs. Kevin McKenna and Ken Greene, brokers with Apartment Realty Advisors, negotiated the sale for seller Lowe Enterprises Investors. Tanager Meadows, located at […]

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Investors buy 8 properties at foreclosure sale

14. November 2012

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Investors bought eight of the 41 properties that sold in the El Paso County Public Trustee’s foreclosure sale Wednesday, Nov. 14. The rest were sold back to the lenders. Rocky Mountain Metropolitan paid $164,546.88 for a 1,836-square-foot two story home built in 2000 at 10040 Litchfield St. (Peyton, 80831). That was just $50 more than […]

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County foreclosure sales dropping, but not as fast as state

8. November 2012

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Foreclosure sales at auction were down 9.9 percent in Colorado Springs during the third quarter of 2012, according to a state report. While a significant year-over-year improvement, the 9.9 percent doesn’t keep up with the state average, where foreclosure sales at auction dropped 23.6 percent year over year. An new foreclosure filings in El Paso […]

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Real estate prices on the rise in Springs

7. November 2012

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Real estate prices in Colorado Springs climbed 4.4 percent year over year in September. That was including the sale of distressed properties, which are those that sell in a short sale or some stage of foreclosure. Without distressed properties, prices increased 4.2 percent, according to a report from CoreLogic, a real estate analytics firm. Home […]

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Refinancing frenzy leads to uptick in deed releases

5. November 2012

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Colorado homeowners are paying off their mortgages, according to a report from the Colorado Department of Housing. Releases of deeds of trust, which are issued when homeowners pay off their mortgages by refinancing, selling their homes or paying them off, rose 54.4 percent year over year. El Paso County is keeping up with those trends. […]

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