Tuesday, June 26, 2012

Housing News Digest, June 26

Mostly fire-related housing news today:

Colorado wildfire out of control, residents evacuated (+videos) At least 11,000 residents of the town of Manitou Springs and nearby communities of Cascade, Chipita Park and Green Mountain Falls were ordered to leave Saturday or early Sunday. The resort communities include campgrounds, inns, rental cabins and other vacation properties that were emptied, though it wasn't immediately clear how many people those evacuations included.

 Fire threatens tourist spots, military academy The total number of homes destroyed by a two-week old wildfire in northern Colorado was raised to 248 on Sunday as residents of a subdivision near Fort Collins learned that 57 more homes in their neighborhood had been lost, authorities said.

 Homeowners can’t add insurance as wildfire burns Farmers Insurance Group has received multiple calls from homeowners either trying to obtain insurance or increase their current coverage, said Jim Duresky, an insurance agent with the firm. But insurance companies are not allowed to offer policies to homeowners if their house is threatened by wildfire. State Farm has a similar policy, and a fire has to be 100 percent contained before the company can increase coverage or write new coverage for homes that were threatened by a wildfire, said Ken Willyard, a State Farm agent.

22 Homes Lost In Estes Park Fire; 100 Percent Contained Investigators say the Woodland Heights Fire in Estes Park wasn’t very big, but it was very destructive. The blaze, which burned 27 acres, apparently started in a cabin and destroyed 22 residences and two outbuildings on the west side of Estes Park. Officials said the fire was fully contained by Sunday night.

Colorado effort to change foreclosure law suspended for different tact Backers of Initiative 84, the ballot proposal that would require lenders to prove they have the right to foreclose on a home, on Friday said they were suspending their efforts for a legislative one instead. The surprise decision comes just three days after proponents won a key decision at the Colorado Supreme Court, which said the process that moved it toward the November ballot had been proper.