Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.
The Obama administration says local officials could benefit from acquiring these properties and using the land for redevelopment projects. Congress has provided $7 billion in money to buy the homes.
These groups have [...] [...]
by Staff Writer Published: November 12,2009
Tags: Foreclosures
Colorado foreclosures fell during October, both from the previous month and from a year ago, according to RealtyTrac’s U.S. Foreclosure Market Report. A total of 5,047 Colorado properties were in foreclosure during October, down 18.75 percent from September and down 6.08 percent from October 2008.
Colorado saw one foreclosure filing for every 421 homes during October, the 11th-highest [...] [...]
by Becky Hurley Published: August 13,2009
Tags: Foreclosures
Statistics don’t lie, but they do send different - even confusing - messages to different audiences.
Ryan McMaken, spokesman for the Colorado Division of Housing, Department of Local Affairs said this week that El Paso County’s 30 percent spike in new foreclosure filings compared to last year was in stark contrast to a lower statewide increase for [...] [...]
Before it recessed for the month of August, the House approved the Neighborhood Preservation Act H.R. 2529, which would authorize banks and lending institutions insured by the Federal Deposit Insurance Corp. to allow foreclosed homeowners to remain in their homes as renters on long term leases.
[...]
by Associated Press Published: August 3,2009
Tags: Foreclosures
Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust - California, Arizona and Florida - stabilized in June, offering hope that the worst of the real estate crisis is over. [...]
El Paso County’s foreclosure rate for May was 1.6 percent - up 0.4 percentage point compared to May 2008 when the rate was 1.1 percent.
Based on its latest report from First American CoreLogic, the Pikes Peak region’s foreclosure rate was still lower than the national rate of 2.5., representing a 0.9 percent increase on a [...] [...]
During April, El Paso County recorded 539 foreclosure starts — Notices of Election and Demand — according to Public Trustee Tom Mowle.
“This is probably the highest monthly total ever recorded in this county, breaking last March’s record total of 488 by 10 percent,” he said in a statement issued today, adding that the department doesn’t have monthly statistics [...] [...]
Colorado Springs holds the dubious distinction as Colorado’s highest ranking city for new foreclosure filings during first quarter 2009.
The news was released this week in an Irvine, Calif.-based Realty Trac “Metropolitan Foreclosure Market Report.”
The data seemed to reflect similar findings by Public Trustee Tom Mowle which showed that El Paso County saw only a [...] [...]
Mortgage foreclosures rose to an all-time high at the end of 2007 as borrowers with adjustable-rate loans walked away from properties before their payments increased, the Mortgage Bankers Association said today.
New foreclosures jumped to 0.83 percent of all home loans in the fourth quarter from 0.54 percent a year earlier. [...] [...]
by Staff Writer Published: February 21,2008
Tags: Foreclosures
Colorado homeowners are feeling the pinch of the collapse of the subprime market – foreclosure filings jumped 40 percent in 2007.The Colorado Division of Housing reports that nearly 40,000 foreclosure filings were listed last year, up from 28,500 in 2006. Meanwhile, foreclosure sales – in which the property is [...] [...]
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