Affluent Homeowners in Colorado Springs Area Join Ranks of Those Who Have Lost Their Homes to the Bank

Summary


A Colorado Springs defense contractor whose firm lost a government job lost his million-dollar North End home to foreclosure last year.

A real estate developer who borrowed on his Broadmoor home to finance new projects ended up in the same boat.

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Extract


Affluent Homeowners in Colorado Springs Area Join Ranks of Those Who Have Lost Their Homes to the Bank

And the owner of a Penhurst Park Estates home lost his income and his home in the gated community to the bank.

All are among the latest casualties of the foreclosure crisis that has swept the country in the last couple of years.

What's different about them is the value of the hom...

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