1H 2017 Report Thomas S. Mowle El Paso County Public Trustee - PowerPoint PPT Presentation

1H 2017 Report Thomas S. Mowle El Paso County Public Trustee

Public Trustee Report • Current Trends in Foreclosures and Releases • 1H17 Report on Work Performed and Finances

100,000 120,000 20,000 40,000 60,000 80,000 0 1981 1982 1983 1984 1985 1986 1987 1988 Annual Releases of Deeds of Trust 1989 1990 Current Trends 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

1,000 2,000 3,000 4,000 5,000 6,000 0 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 Current Trends 1991 Annual Foreclosure Starts 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

1,000 2,000 3,000 4,000 5,000 6,000 7,000 0 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Monthly Releases Monthly Releases of Deeds of Trust Jan-08 Jul-08 Current Trends Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 3-month average Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17

100 200 300 400 500 600 0 Jan-05 Jul-05 Jan-06 Jul-06 Monthly Foreclosure Starts Jan-07 Jul-07 Jan-08 Jul-08 Current Trends Monthly Foreclosure Starts Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 3-month average Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17

Current Trends Outcomes of Foreclosure Filings 100.00% 90.00% 80.00% 70.00% 60.00% % Sold 50.00% % WD 40.00% % Active 30.00% 20.00% 10.00% 0.00% Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17

Current Trends 2017 County-wide starts: DOWN 13% from 2016 Trends include only zip codes with >500 SFRs / >10 2016 FCs Greatest Density Biggest Increases 80925 (Lorson/Cuchares): 1.6% 80921 (Gleneagle/Northgate): +43% 80817 (Fountain) 80925 (Lorson/Cuchares Ranches) 80916 (Panorama) 80922 (Springs Ranch/Stetson Hills) 80910 (Pikes Peak Park) 80910 (Pikes Peak Park) 80905 (West Side): +4% 80905 (West Side): +4% 80911 (Security/Widefield): 0.9% Lowest Density Biggest Decreases 80819 (Green Mtn Falls): 0.0% 80951 (Claremont Ranch): -46% 80809 (Cascade/Chipeta Park) 80924 (Cordera/Wolf Ranch) 80106 (Elbert/Black Forest) 80808 (Calhan/Ellicott) 80919 (Rockrimmon/Mtn Shadows) 80132 (Monument/Woodmoor) 80132 (Monument): 0.2% 80917 (Village 7/Old Farm): -29%

1H17 Work Performed • 21,545 Deeds of Trust released • 558 New foreclosure starts • 435 Foreclosures withdrawn (48 after cure) • 239 Properties sold • 239 Properties sold • 179 Sales to 3 rd parties 75% of sales

1H 2017 Financials

1H17 Financial Summary • Expenses Up $40,323.52 from 1H16 (+17%) – ~26.5K more for accrued leave at retirement – ~10K more for overlap period for new deputy – ~4K more for County Services • Revenue Up $32,818.18 from 1H17 (+8%) • Revenue Up $32,818.18 from 1H17 (+8%) • Revenue to El Paso County – Excess Revenue for 1 st Half: $172,987.99 (-~7K) – Reduction of Statutory Reserve: $4,139.05 (-~35K) – TOTAL to transfer $177,127.04 (-~42K)