Mortgage giant Fannie Mae said Wednesday that it lost money in its fourth quarter and is asking the federal government for $4.57 billion in aid to cover its deficit. Washington-based Fannie said it lost $2.41 billion in the October-December quarter, stung by declining home prices. Revenue was $4.53 billion. The government rescued Fannie and sibling [...]
Continue reading …Following are the most expensive foreclosures over $200,000 that sold at the El Paso County Public Trustee’s foreclosure auction on Wednesday, Feb. 8. They are listed in order of bid amount.
Continue reading …The Garrison Investment Group, which owns the Chapel Hills Mall, bought the 88,000-square-foot building formerly occupied by Kmart that’s attached to the east end of the shopping center. The space has been vacant and blocked off from the rest of the mall since Kmart closed in 2009. New York-based Garrison Investment Group purchased the empty [...]
Continue reading …Seagate Properties purchased a 190-unit garden-style apartment building on Southgate road for $9.7 million. Copper Chase Apartments is the fourth purchase by the company. It also bought Cascade Park Apartments, Boulder Crescent Apartments and Filmore Ridge Apartments. They own the Dakota at Governor’s Ranch in Littleton, as well. Trent Isgring, who opened the company’s Denver [...]
Continue reading …Following are the most expensive foreclosures greater than $200,000 that sold at the El Paso County Public Trustee’s foreclosure auction …
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 …A draft settlement between the nation’s major banks and U.S. states over deceptive foreclosure practices has been sent to state officials for review. Those who lost their homes to foreclosure are unlikely to get their homes back or benefit much financially from the settlement, which could be as high as $25 billion. About 750,000 Americans [...]
Continue reading …A Denver lawmaker plans to sponsor a bill this year that aims to require lenders to prove they are the holders of evidence of debt before they foreclose. Rep. Beth McCann, D-Denver, is sponsoring the bill in hopes of making the foreclosure process cleaner and fairer for homeowners. Colorado Springs real estate attorney Stephen Brunette [...]
Continue reading …Nor’Wood Development Group has partnered with Kansas-based RHW Management to build a new hotel at its First and Main Town Center. The companies announced plans today to build a new 82-room Holiday Inn Express adjacent to the Powers Boulevard shopping center that’s home to Cinemark Theater, Dick’s Sporting Goods, J.C. Penny, Target and several restaurants. [...]
Continue reading …Nor’Wood Development Group is diving head-first into the apartment business for the first time since the company’s infancy. It is partnering with Irvine, Calif.-based Western National Realty Advisors to build four apartment complexes with at total of 1,075 units in Colorado Springs and Fountain. “We were involved in the apartment business many, many, many years [...]
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