Monday, April 4, 2011

Housing News Digest, April 4

Developer plans $20M apartment building across from CU-Boulder campus
A Boulder developer is planning to spend about $20 million to raze a half-century-old apartment building across from the University of Colorado and turn the site into modern apartments for members of a CU fraternity and other students.

Developer Mike Boyers said the project would include 39 apartments and underground parking for 90 vehicles at 955 Broadway and 1715 Aurora Ave., which sit on 64,000 square feet of prime Boulder real estate.

State sues firm for loan-mod fraud
Colorado Attorney General John Suthers announced today that his office has filed a lawsuit against Castle Rock-based Loan Modification Solutions on suspicion that it defrauded consumers seeking home loan modifications and foreclosure relief in Colorado and other states.

In addition to the firm, Suthers the lawsuit also names the company’s owners, Robert Auhll, 47, and Nanette Auhll,48, and the company’s sales person, Thomas Stefanszky,48.

Stapleton HGTV home to help Urban Peak

Urban Peak, a non-profit group that helps homeless youths and those in danger of becoming homeless, will be the recipient of a fundraising tour of the 2011 HGTV Green Home in Stapleton.

Homeless in D-11: 1 in 35 schoolkids

More than 835 children attending Colorado Springs School District 11, the area's largest school district and one of its poorest, are homeless.

They live in motels. Or crash at a someone else's house. Or live in a shelter.

Taylor Bean Ties to Freddie Mac Loom in $1.9 Billion Mortgage-Fraud Trial

Farkas, 58, is charged with orchestrating a scheme involving fake mortgage assets that duped some of the country’s largest financial institutions, including Bank of America Corp. (BAC), targeted the U.S. bank bailout program and contributed to the failure of Montgomery, Alabama-based Colonial Bank. Freddie Mac was the most important ingredient in Taylor Bean’s growth into the largest U.S. non-depository mortgage lender by 2008.