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 John Rebchook is a former Rocky Mountain News reporter with more than 30 years of experience in writing and communications... (Read More) |
Outside investors with cash or lines of credit, are increasingly picking up foreclosed homes at public trustee auctions. The auctions are the end of the line for people who have unfortunately lost their homes during the foreclosure process. A second-quarter study by Adams County Public Trustee in Adams County found that a large number of banks are [...] Outside bidders purchased 115 foreclosed homes from the public trustee’s office in the second quarter, a 475 percent increase from the 20 sales in the second quarter of 2008, a whopping 475 percent increase. The report by Adams County Public Trustee Carol Snyder also found that the number of bankruptcies during the second quarter of Adams [...] It may be the bottom of the Denver-area housing market, but it is too early to say that the foreclosure crisis is over. There were 10,726 foreclosure filings in the metro Denver area in the first half of the year, a 10.5 percent decline from the 11,992 the first six months of 2008. “That is still a [...] |
   Acknowledgements Some Photos on this site, courtesy of and © Steve Groer Photography, Denver's Premier Coroporate & Event Photographer. Please contact Steve via his website or by phone at (303) 696-6260 or (303) 941-5764.  |
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