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

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

Sep 06, 2023 311 likes •441 views

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

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SLIDE 1

1H 2017 Report

Thomas S. Mowle El Paso County Public Trustee

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SLIDE 2

Public Trustee Report

  • Current Trends in Foreclosures and Releases
  • 1H17 Report on Work Performed and Finances
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SLIDE 3

Current Trends

100,000 120,000

Annual Releases of Deeds of Trust

20,000 40,000 60,000 80,000 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 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

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SLIDE 4

5,000 6,000

Annual Foreclosure Starts

Current Trends

1,000 2,000 3,000 4,000 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 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

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SLIDE 5

Current Trends

5,000 6,000 7,000

Monthly Releases of Deeds of Trust

1,000 2,000 3,000 4,000 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 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

Monthly Releases 3-month average

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SLIDE 6

Current Trends

400 500 600

Monthly Foreclosure Starts

100 200 300 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 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

Monthly Foreclosure Starts 3-month average

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SLIDE 7

Current Trends

Outcomes of Foreclosure Filings

70.00% 80.00% 90.00% 100.00% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 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

% Sold % WD % Active

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SLIDE 8

Current Trends

2017 County-wide starts: DOWN 13% from 2016 Trends include only zip codes with >500 SFRs / >10 2016 FCs

Biggest Increases

80921 (Gleneagle/Northgate): +43% 80925 (Lorson/Cuchares Ranches) 80922 (Springs Ranch/Stetson Hills) 80905 (West Side): +4%

Greatest Density

80925 (Lorson/Cuchares): 1.6% 80817 (Fountain) 80916 (Panorama) 80910 (Pikes Peak Park) 80905 (West Side): +4%

Biggest Decreases

80951 (Claremont Ranch): -46% 80924 (Cordera/Wolf Ranch) 80808 (Calhan/Ellicott) 80132 (Monument/Woodmoor) 80917 (Village 7/Old Farm): -29% 80910 (Pikes Peak Park) 80911 (Security/Widefield): 0.9%

Lowest Density

80819 (Green Mtn Falls): 0.0% 80809 (Cascade/Chipeta Park) 80106 (Elbert/Black Forest) 80919 (Rockrimmon/Mtn Shadows) 80132 (Monument): 0.2%

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SLIDE 9

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 3rd parties

75% of sales

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SLIDE 10

1H 2017 Financials

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SLIDE 11

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 1st Half: $172,987.99 (-~7K) – Reduction of Statutory Reserve: $4,139.05 (-~35K) – TOTAL to transfer $177,127.04 (-~42K)