Monday, November 5, 2012

Housing News Digest, November 5

Town of Parker’s Chief Building Official Wins Top National Award PARKER, CO –Gil Rossmiller, chief building official with the Town of Parker, was recognized today with a top national award for his efforts to make the town’s homes and businesses as energy efficient as possible. The Excellence in Energy Code Compliance award was presented to Rossmiller for superior practices that have raised the standards for energy efficiency through building codes. Rossmiller was one of three award recipients—and the only recipient of an award for individual excellence--at the annual meeting of the International Code Council in Portland, Oregon.

  Paid-off mortgages rise in Colorado(Housing Wire) The number of mortgages paid off in Colorado rose 22.8% in the first three quarters of this year when compared to 2011 levels, the Colorado Division of Housing said this week. Public trustees in the state released 218,138 deeds of trust during the first three quarters, up from 177,585 a year earlier. A deed of trust is generally released by public trustees when a homeowner pays off their real estate loan either through a refinancing, a home sale or a final payment on the property.

  Number of mortgage loans paid off in Colorado up 22 percent(Denver Post) Trends in release activity were not uniform across the state although all of the 21 counties surveyed for the study reported increases in activity from the third quarter of last year to the same period this year. The largest increases were in Douglas and Jefferson counties where release activity rose 73.2 percent and 71.5 percent, respectively. Denver had an increase of 70.8 percent.

  Mortgage loan payoffs up in Colorado(DBJ) Public trustees released 218,138 deeds of trust in the first three quarters. That release happens when a loan is paid off, either because the owner has made a final payment, the property is sold or the loan refinanced.

  Mortgage payoffs up in Northern Colorado In the third quarter alone, releases of deeds of trust increased by 48.2 percent in Larimer County and by 58 percent in Weld County when compared with numbers from the same period in the previous year.