2015 Annual Report Thomas S. Mowle El Paso County Public Trustee - - PowerPoint PPT Presentation

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2015 Annual Report Thomas S. Mowle El Paso County Public Trustee - - PowerPoint PPT Presentation

Feb 23, 2024 281 likes •455 views

2015 Annual Report Thomas S. Mowle El Paso County Public Trustee Public Trustee Report Current Trends in Foreclosures and Releases 2015 Report on Work Performed and Finances 1,000 2,000 3,000 4,000 5,000 6,000 0 Jan-05 Jul-05

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SLIDE 1

2015 Annual Report

Thomas S. Mowle El Paso County Public Trustee

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SLIDE 2

Public Trustee Report

  • Current Trends in Foreclosures and Releases
  • 2015 Report on Work Performed and Finances
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SLIDE 3

Current Trends

4,000 5,000 6,000

Monthly Releases of Deeds of Trust

1,000 2,000 3,000 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

Monthly Releases 3-month average

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SLIDE 4

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

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SLIDE 5

Metro Comparison

40000 45000 50000

El Paso had 12.6% of large-county releases Up 31% from 2014; Rest of Front Range up 35%

Adams Arapahoe Boulder

5000 10000 15000 20000 25000 30000 35000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Boulder Denver Douglas El Paso Jefferson Larimer Mesa Pueblo Weld

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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

Monthly Foreclosure Starts 3-month average

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SLIDE 7

Current Trends

5,000 6,000

Annual Foreclosure Starts

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

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SLIDE 8

Metro Comparison

7000 8000

El Paso had 22.2% of large-county foreclosure starts Down 20% from 2014; Rest of Front Range down 33% Down 72% from peak; Rest of Front Range down 86%

Adams 1000 2000 3000 4000 5000 6000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Adams Arapahoe Boulder Denver Douglas El Paso Jefferson Larimer Mesa Pueblo Weld

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SLIDE 9

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

% Sold % WD % Active

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SLIDE 10

Current Trends

2015 County-wide starts: decrease 20% from 2014 Trends include only zip codes with >500 SFRs / >10 2014 FCs

Biggest Increase

80925 (Security/Fountain) +34% 80808 (Calhan) 80922 (Springs Ranch/Stetson Hills) 80923 (Ridgeview/Sundown) +1%

Greatest Density

80925 (Security/Fountain) 18/1000 80916 (Panorama) 80808 (Calhan) 80910 (Pikes Peak Park) 80923 (Ridgeview/Sundown) +1%

Biggest Decrease

80907 (North End) -39% 80951 (Claremont Ranch) 80910 (Pikes Peak Park) 80918 (Vista Grande) 80904 (Old Colorado City) -35% 80910 (Pikes Peak Park) 80817 (Fountain) 13/1000

Lowest Density

80106 (Elbert/Black Forest) 2/1000 80924 (Cordera/Wolf Ranch) 80927 (Banning-Lewis) 80919 (Rockrimmon/Mtn Shadows) 80921 (Gleneagle/Northgate) 3/1000

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SLIDE 11

Foreclosure Density Trends

Starts/1000 SFRs

30.0 40.0 50.0 60.0

North East Manitou/Ute Pass Fountain Valley

0.0 10.0 20.0 30.0 2008 2009 2010 2011 2012 2013 2014 2015

Fountain Valley Southwest Southeast Central Northeast

North: 80106, 80132, 80133, 80908, 80921 East: 80808, 80831, 80832, 80833, 80835, 80864, 80928, 80929, 80930 Manitou/Ute Pass: 80809, 80819, 80829, 80863 Fountain Valley: 80817, 80911, 80925, 81008 Southwest: 80905, 80906, 80926 Southeast: 80910, 80915, 80916, 80951 Central: 80903, 80904, 80907, 80909, 80917, 80918, 80919 Northeast: 80920, 80922, 80923, 80924, 80927, 80938, 80939

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SLIDE 12

2015 Work Performed

  • 36441 Deeds of Trust released

+31%

  • 1470 New foreclosure starts
  • 20%
  • 770 Foreclosures withdrawn

(99 after cure)

  • 807 Properties sold (principal due: $152,127,577)
  • 807 Properties sold (principal due: $152,127,577)
  • 313 Sales to 3rd parties

39% of sales

  • $54,268,830 in fiduciary funds

+11%

  • STILL busiest PT office in state

– #1 in foreclosures (58% more than Arapahoe) – #4 in releases (13% less than Arapahoe)

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SLIDE 13

2015 Financials

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SLIDE 14

2015 Financial Summary

  • Spending Up… due to unusual non-repeating costs

– Cut ordinary costs by $39,392 from 2014 (-7.3%) – Cost of move, computers, phones: $47,245

  • Revenue Up

– Foreclosure revenue down $79,909 from 2014 (-20.9%) – Foreclosure revenue down $79,909 from 2014 (-20.9%) – Release revenue up $129,825 from 2014 (+31.2%) – Total revenue up $49,639 from 2014 +6.2%)

  • Revenue Transferred to El Paso County

– $334,950, or 39% of earned revenue

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SLIDE 15

Public Trustee Expenses

$800,000 $1,000,000 $1,200,000 $1,400,000

TOTAL Cost of non-

$0 $200,000 $400,000 $600,000 2007 2008 2009 2010 2011 2012 2013 2014 2015

TOTAL Cost of non- Salary, non-EPC Op Expenses TOTAL Cost of EPC- Provided Service TOTAL Cost of Salaries and Benefits

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SLIDE 16

2016 Budget Projections

  • REVENUE

– 1200 Foreclosure starts $ 262,196 – 38,000 Releases of Deeds $ 570,000 – TOTAL $ 833,036 – TOTAL $ 833,036

  • EXPENSES

– Maximum budgeted $ 535,668

  • Excess Revenue

$ 297,368

  • Op Reserve Drawdown(actual)

$ 39,392

  • TOTAL TO EPC

$ 336,760