RSS

Tag Archive | "deed releases"

Trustee: Market returning to normal

Monday, December 3, 2012

Comments Off

Deed releases and new foreclosure filings are back to historically “normal” levels, according to El Paso County Public Trustee Tom Mowle. His office only processed 212 new foreclosure starts in November. That’s the lowest monthly total since December 2006. “We have been expecting this drop for some time now,” Mowle writes in his monthly report, […]

Continue reading...

Refinancing frenzy leads to uptick in deed releases

Monday, November 5, 2012

Comments Off

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. […]

Continue reading...

Trustee: Foreclosures and deed releases bring good news

Monday, June 4, 2012

Comments Off

Real estate activity is on the rise, and foreclosures are continuing to slip, according to the El Paso County Public Trustee’s monthly report. The office released 3,332 deeds of trust, which happens when a homeowner pays off a mortgage over time, through a private sale or by refinancing. That is right around the monthly average […]

Continue reading...

Statewide mortgage payoffs lowest since 2000

Wednesday, January 25, 2012

Comments Off

The number of mortgage loans paid off, an indicator of real estate market health, fell 6.4 percent statewide from 2010 to 2011. However, the number of loan payoffs rose from the third to fourth quarter. “That’s good news after three consecutive quarters of declining release rates,” said Ryan McMaken, spokesman for the Colorado Division of […]

Continue reading...

Trustee report: Foreclosure starts fall to 2007 levels

Friday, December 2, 2011

Comments Off

The total number of foreclosures in 2011 is on target to drop down to 2007 levels, according to the El Paso County Public Trustee’s report. Foreclosure starts, mortgages that enter the foreclosure process, are down almost 33 percent year-to-date from 2010 and are at their lowest since 2007. Some of that slowdown could be due […]

Continue reading...