Colorado will use the $51.17 million it received under the recent multi-state settlement with the country’s five largest banks to pay for homeowner relief and foreclosure-prevention efforts throughout the state. “These funds will help keep Coloradans in their homes and prevent future foreclosures,” Attorney General John Suthers said in a statement. “In cooperation with the [...]
Continue reading …Judge Doug Anderson, president of the Pikes Peak Pro Bono Project, said he’s been getting calls for the last few years from people in various stages of foreclosure who need help, but he hasn’t been able to find qualified attorneys to take the cases. The reason is that most general practice attorneys in this area don’t have [...]
Continue reading …The man behind the Mining Exchange, a downtown Wyndham Grand Hotel due to open this spring, stands to lose more than $200,000 he invested in a LandCo development-related project on South Union Boulevard unless he rescues it from foreclosure. First Citizens Bank and Trust filed a notice of election and demand against The Ridge at [...]
Continue reading …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 [...]
Continue reading …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.
Continue reading …Third quarter foreclosure filings and sales at auction were down statewide and in El Paso County.
Continue reading …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 [...]
Continue reading …Following are the 10 most expensive foreclosures greater than $200,000 that sold at the Oct. 19 El Paso County Public Trustee’s sale.
Continue reading …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 [...]
Continue reading …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 [...]
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