Tuesday, September 25, 2012

Housing News Digest, September 25

Prominent office building on southeast side falls into foreclosure One Gateway Plaza, one of the largest and most prominent office buildings on Colorado Springs’ southeast side, has fallen into foreclosure as its owner tries to work out a new deal with a lender. The 117,631-square-foot building, northeast of Academy and Fountain boulevards, is owned by NNN One Gateway Plaza, a limited liability company in Southern California.

 Claim forms mailed to borrowers who lost homes to foreclosure Read more: Claim forms mailed to borrowers who lost homes to foreclosure - The Denver Post http://www.denverpost.com/business/ci_21622711/claim-forms-mailed-borrowers-who-lost-homes-foreclosure#ixzz27UyvjhfN Read The Denver Post's Terms of Use of its content: http://www.denverpost.com/termsofuse Claim forms are being mailed to Colorado borrowers who lost their homes to foreclosure between Jan. 1, 2008, and last Dec. 31, and who may be eligible for payment under a national mortgage-foreclosure settlement, Attorney General John Suthers said Monday. Eligible borrowers had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo — the nation's five largest mortgage servicers that agreed to the $25 billion settlement with the federal government and attorneys general for 49 states and the District of Columbia.

Warning of massive foreclosures in Douglas County was overstatement An e-mail warning Douglas County school officials of expected massive foreclosure evictions next month that could affect their students turned out to be an overstatement. While well-intentioned, the e-mail sent last week by the district's liaison for homeless students under the subject line "in order to be best prepared" appears to be based on a misinterpretation of remarks made by a county housing official.

 Foreclosure numbers fluctuating EAGLE COUNTY, Colorado — Foreclosures are up across Colorado, but not as much as projected, says the Colorado Division of Housing. Foreclosure filings were down 1.6 percent in Colorado metro counties during August. Foreclosure auction sales fell to a six-year low, down 10.4 percent from the same time a year ago, according to a Colorado Division of Housing report released Thursday.

 Central Colorado Housing officials warn of homeowners scam Homeowners beware. Housing consultants of the Central Colorado Housing have some serious warnings about three scams targeting local homeowners and those looking to purchase a home. "I've had a couple of clients that have come in caught up in a scam," said Laura Yost, housing consultant for CCH, a department of the Upper Arkansas Area Council of Governments. "We are worried there may be more people out there being targeted."