Steamboat Springs Routt County Treasurer Jeanne Whiddon confirms that as of this week, her office has been asked to initiate 72 foreclosure proceedings in 2009. That compares with 31 as of this date in 2008. Total foreclosures initiated for 2008 was 55.
Not all foreclosure proceedings culminate in the lending institution that holds the deed taking possession of the property in question. That has happened 23 times since 2007, according to the treasurer's records.
Contract in Basalt with Whole Foods falls through
Basalt was all set to get a Whole Foods store this year, but The Aspen Times reporter Scott Condon reported this week that the Willits Town Center developer, Chicago-based Joseph Freed & Associates, failed to deliver on a contract with Whole Foods on June 1. Condon reported the developer lost the financing for a 44,000-square-foot building shell. Whole Foods remains interested in Basalt but under different terms.
Fairplay housing project aims for $250K homes
Single-family homes for less than $250,000? Reporter Alex Miller, of the Summit Daily News, writes that that's the goal of a development consortium planning a new housing project in Fairplay, on the opposite side of Hoosier Pass from Breckenridge.
Preservation Village is a joint venture between Denver's Preservation Development Group, Breckenridge architect Baker + Houx and Biltmore Realty, Miller reports. The plan is to build as many as 40 townhomes, cottages and single-family homes during the next five years.
16 new single-family homes listed Wednesday
Sixteen new single-family homes were listed on the Steamboat Springs MLS on Wednesday alone. They range in price from the downtown "fixer-upper" listed by Mitch Clementson, of Steamboat Real Estate, to a five-bedroom home in The Sanctuary listed by Chris Paoli, of Colorado Group Realty, at $4.9 million.
The single-family homes were among 33 properties listed Wednesday, bringing the total number of properties on the market in Routt County to more than 2,098.