Stressed borrowers ought to be given the opportunity to pursue loan modification remedies before the lender forecloses on their home.
That is the heart of Colorado Senate Bill 71, proposed by Sen. Angela Giron, D-Pueblo. Under her legislation, lenders would need to work with a borrower “to effectuate a cure for default rather than move directly [...] [...]
Following are the most expensive foreclosures greater than $200,000 that sold at the El Paso County Public Trustee’s foreclosure auction on Wednesday, Jan. 11. [...]
Third quarter foreclosure filings and sales at auction were down statewide and in El Paso County. [...]
Colorado Springs has seen a less active year for real estate, but it was back in 2000, according to the latest figures from Public Trustee Tom Mowle.
Mowle reported that there were just 2,454 deeds released in October. Deeds are released when someone sells a home, refinances or pays off a mortgage, which Mowle has said [...] [...]
Following are the 10 most expensive foreclosures greater than $200,000 that sold at the Oct. 19 El Paso County Public Trustee’s sale. [...]
No one bid against construction contractor Flintco for the stalled John Q. Hammons Renaissance Hotel at today’s Sheriff’s auction of the property.
Flintco won a foreclosure judgment against the hotelier Hammons in June for $29 million plus interest, minus payments made by Hammons. The company bought the hotel on far-north end of town at Interquest Parkway [...] [...]
Perhaps soon enough we’d be in a position promised to Jeremiah (and repeated in Ezekiel) that the proverb “Parents have eaten sour grapes and children’s teeth are blunted” shall be replaced by an appreciation that everyone shall pay for his or her own sins.
Unfortunately, we are not there yet.
The housing bubble with its attendant financial [...] [...]
When the 300-room Renaissance Hotel on the north end of Colorado Springs goes to foreclosure auction in October, will anyone bid on it?
Less than a year ago, investors were interested in taking over the project, near Interstate 25 and Interquest Parkway, but some watching the deal today say the bidding price, expected to start around [...] [...]
As foreclosures have fallen, so have the El Paso County Trustee’s staffing needs.
Trustee Tom Mowle said the workload in his office dropped 18 percent between the end of the fourth quarter of 2010 and the first quarter of 2011.
And that prompted him to cut his staff by 10 percent, from 10 employees to nine.
But Mowle [...] [...]
by Associated Press Published: May 26,2011
Tags: Foreclosure
Sales of homes in some stage of foreclosure declined in the first three months of the year, but they still accounted for 28 percent of all home sales — a share nearly six times higher than what it would be in a healthy housing market.
Foreclosure sales, which include homes purchased after they received a notice [...] [...]
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