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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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CoreLogic: National foreclosures down

31. July 2012

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There were 25 percent fewer completed foreclosures nationally in June 2012 than there were in June 2011, according to a report from real estate analytics firm CoreLogic. The number of completed foreclosures dropped from 80,000 nationally in June of last year to 60,000 this year. Since the financial crisis began in September 2008, there have […]

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Investors buy 5 properties at foreclosure

30. July 2012

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Investors bought five of the 25 properties that sold in the El Paso County Public Trustee’s foreclosure auction July 25. The others were returned to the lenders. Jeffrey G. Crank paid $46,000 for a 978-square-foot ranch home built in 1970 at 1843 Saratoga Drive (80910). That was more than lender Bank of America’s initial bid […]

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CoreLogic: Foreclosure rate falls

25. July 2012

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The foreclosure rate in Colorado Springs dropped slightly from this time last year. According to real estate analytics firm CoreLogic, the foreclosure rate dropped .15 percent points from 1.58 percent in May 2011 to 1.43 percent in May 2012. The drop was slightly higher than the national average, where foreclosure rates only fell 0.05 percentage […]

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NAR: Home inventory down, prices up

23. July 2012

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The number of homes listed for sale on the Multiple Listing Service is down year-over-year in Colorado Springs and other metro areas throughout the state. The National Association of Realtors released data earlier this week that shows a 19.22 percent decline in the number of home listings between June 2011 and June 2012. There were […]

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Investors buy five properties at foreclosure auction

19. July 2012

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Investors bought five of the 28 properties that sold in the El Paso County Public Trustee’s foreclosure auction July 18. The rest sold to original lenders. IDP Capital paid $110,356 for a 1,370-square-foot split-level house built in 1986 at 4525 Cassidy St. (80911). Lender Bank of America made an initial bid of $105,756. Michael and […]

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Empire Title partners with national short sale company

17. July 2012

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Empire Title of Colorado Springs announced a partnership with Summit Mitigation earlier this summer. The partnership will allow the title company to help clients work through the short sale process more easily, according to a press release from Empire. Empire has a short sale subsidiary, Short Sale Solutions. “We were kind of on the forefront […]

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Report: Commercial market makes modest 2Q gains

16. July 2012

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Commercial real estate figures in the second quarter showed some mild improvement, according to a report from Hoff & Leigh. Citywide vacancy rates dropped fractions of percentage points in office, industrial and retail markets. Asking lease rates increased slightly in retail and industrial markets, but fell slightly for office spaces. Hoff & Leigh reported an […]

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Commercial brokers announce recent transactions

9. July 2012

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Colorado Automotive Services signed a new lease on a 2,640-square-foot industrial space at 3413 N. Prospect St. (80907). Cameron Butcher was the listing agent, who represented property owner Magnum LLP. Aaron Horn, a broker at Sierra Commercial Real Estate, represented the new tenant. Arapahoe Fire Protection purchased a 4,800-square-foot industrial space at 95 Talamine Ct. […]

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