Wednesday, August 1, 2012

Housing News Digest, August 1

Family Can't Move Into Their Home After Squatters File for Bankruptcy Dayna Donovan and her family have been unable to occupy their home after two strangers squatting in her Littleton, Colo., home for eight months have filed for bankruptcy, preventing an eviction from the sheriff's department. On July 12, a judge in Arapahoe County ruled that Veronica Fernandez-Beleta and Jose Rafael Leyva-Caraveo, the two people who were living in the home, had to move out in 48 hours.

 Value of homes in portions of Roaring Fork Valley plummet EAGLE COUNTY — — The taxable value of midvalley houses will likely tumble another 20 to 50 percent when Colorado counties undertake a mandatory re-valuation of property in May, Eagle County Assessor Mark Chapin said Monday. House valuations in the Eagle County portion of the Roaring Fork Valley plummeted in the last re-valuation in May 2011. Houses in the Old Town neighborhood of Basalt fell by as much as 60 percent. In Willits, assessed values generally fell 29 to 36 percent.

 Oakwood aims to build community at Banning Lewis Oakwood Homes is busy rebuilding momentum in Banning Lewis Ranch. The Denver-based company bought the 2,600-acre housing development in northeast Colorado Springs from Key Bank in May. Key Bank was one of 28 creditors listed as beneficiaries of a bankruptcy auction in June 2011. The bank loaned the former owners, California-based Banning Lewis Management Company, $65 million.

 Housing booms at CMU Colorado Mesa University will show off its newest residence hall, Orchard Avenue Apartments, during an open house from 1:30 to 3:30 p.m. today. The four-story, 59,000-square-foot apartment complex at 1062 Orchard Ave. is the fifth residence hall built on the Colorado Mesa campus in the past six years. The complex features apartments with two single bedrooms and two double bedrooms, or one of each, linked by a common kitchen, two bathrooms, and a living room with patio doors that open to a balcony. Each floor has study areas and a lounge, plus free laundry machines.

Area outpaces state in mortgage payoffs BOULDER - Homeowners in Boulder and Broomfield counties paid off mortgage loans in the second quarter of 2012 more often than did any others in the state - indicating a rise in both refinance activity and home sales, according to a Colorado Division of Housing report. In Boulder County, the number of mortgage loan payoffs increased 39.1 percent in the second quarter of 2012 compared with the second quarter of 2011. In Broomfield County, the number of payoffs increased 37.5 percent in the same time period. Across all counties in Colorado, the average number of mortgage loan payoffs increased 20.7 percent in the second quarter of 2012 compared with the second quarter of 2011, according to the report.