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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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National foreclosure inventory falls again

31. October 2012

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National foreclosure figures continue to decline, according to a report from CoreLogic, a real estate analytics firm. There were 57,000 completed foreclosures nationally in September, down from 83,000 in September 2011. While the current rate is still more than double the average 21,000 completed foreclosures between 2000 and 2006 prior to the decline of the […]

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Investors buy 3 properties at foreclosure

25. October 2012

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Investors bought three of the 49 properties that sold in the El Paso County Public Trustee’s foreclosure auction Wednesday. The rest were sold to the lenders. Stan Kline paid $92,100 for a 1,447-square-foot tri-level home built in 1986 at 4755 Spacewalk Way (80918). That was more than lender GMAC Mortgage’s initial bid of $88,570.65. Jesse […]

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New title company opens in Springs

22. October 2012

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Colorado Western Title is opening an office in Colorado Springs. The company has offices in Denver and Castle Rock, and is moving into the Springs market, according to a press release about the company. It is Colorado owned and operated and the Colorado Springs staff has more than 150 years of combined experience in the […]

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Investors buy 4 properties at foreclosure auction

18. October 2012

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Investors bought four of the 36 properties that sold in the El Paso County Public Trustee’s foreclosure sale Wednesday, Oct. 17. The remaining properties sold back to the lenders. Christi Lehouillier paid $73,500 for a 1,664-square-foot bi-level house built in 1971 at 206 E. Missouri Ave. (Fountain, 80817).That was more than lender Citi Financial’s initial […]

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Investors buy 4 properties at foreclosure auction

15. October 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 […]

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