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Posts Tagged ‘Foreclosure’

Banks would foot the bill to buy homeowners more time (access required)

by Monica Mendoza Published: February 3,2012

Tags: Foreclosure, loan modification, sb-71

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 [...] [...]

El Paso County’s most expensive foreclosures (access required)

by Amanda Miller Published: January 24,2012

Tags: Colorado Springs, El Paso County, Foreclosure, Real Estate

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. [...]

Foreclosure filings and sales down in El Paso County (access required)

by Amanda Miller Published: November 9,2011

Tags: Division of Housing, Foreclosure, Real Estate, report, trustee

Third quarter foreclosure filings and sales at auction were down statewide and in El Paso County. [...]

Trustee report: Market sluggish, foreclosures as expected

by Amanda Miller Published: November 2,2011

Tags: deed releases, Foreclosure, Real Estate, trustee

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 [...] [...]

El Paso County’s 10 most expensive foreclosures this week (access required)

by Rob Larimer Published: October 31,2011

Tags: Beckett, Foreclosure

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 bidders fight Flintco for Hammon’s Renaissance Hotel

by Amanda Miller Published: October 20,2011

Tags: Auction, Foreclosure, hotel, judgment

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 [...] [...]

Refinancing mortgages, solving foreclosures (access required)

by Raphael Sassower Published: September 9,2011

Tags: Foreclosure, mortgage, Sassower

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 [...] [...]

Renaissance Hotel will go to auction, but who will bid? (access required)

by Amanda Miller Published: July 22,2011

Tags: Flintco, Foreclosure, JD Holdings, John Q. Hammons, Nor'wood, Renaissance Hotel

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 [...] [...]

Fewer foreclosures mean fewer trustee’s office jobs (access required)

by Amanda Miller Published: June 17,2011

Tags: Foreclosure, Mowle, trustee

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 [...] [...]

Sales of foreclosed homes fell in 1Q

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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