The County Commissioners voted Tuesday to give Song Mountain developer Ji-ang Song a two-year extension to his conceptual approval for 272 lots on Woodchuck Mountain instead of the 7 years he asked for.
Song cited adverse market conditions in making his request. He and consultant Peter Patten have until Sept. 22, 2012 to submit a complete preliminary development plan.

Representatives of Song Mountain Ranch at Stagecoach are scheduled to go before the County Commissioners Aug. 10 seeking a 7-year extension to their preliminary sketch subdivision and conceptual planned unit development.

They cite market conditions as their reason for delaying the planning process on the proposal that could add 272 building lots on 896 acres wrapping around the lower flanks of Woodchuck Mountain.

Colorado is not among the states the White House has tagged for hundreds of millions of dollars of aid for homeowners facing foreclosure, according to the Associated Press today.

The Obama administration plans to send $600 million to help unemployed homeowners avoid foreclosure in five states.
The Treasury Department says mortgage-assistance proposals submitted by North Carolina, Ohio, Oregon, Rhode Island and South Carolina received approval. The states estimate their efforts could help up to 50,000 homeowners.
The administration is directing $2.1 billion from its existing $75 billion mortgage assistance program to a total of 10 states. Each state designed its own plan.
Treasury approved money in June for Arizona, California, Florida, Michigan and Nevada.

Fannie Mae on Tuesday announced the launch of KnowYourOptions.com, a new consumer education Web site that outlines the choices available to homeowners who are struggling with their mortgage payments, and provides guidance on how they can contact and work with their mortgage company to find solutions.
The online resource, which offers reliable and easy-to-understand information in both English and Spanish, expands on Fannie Mae’s ongoing efforts to help struggling borrowers find alternatives to foreclosure.
“Through foreclosure prevention programs, borrower outreach, underwriting guidelines and servicer engagement, Fannie Mae is taking a comprehensive approach to helping struggling borrowers,” Jeff Hayward, senior vice president of Fannie Mae’s National Servicing Organization said. “Identifying accurate resources and finding the right answers can be a difficult challenge for borrowers facing hardship and a flurry of disparate, incomplete and sometimes fraudulent information. Know Your Options™ is the company’s newest effort to reach distressed homeowners and is designed to bring the best information and guidance together in one place so that struggling borrowers can focus on finding solutions that work for their particular circumstances.”

Permits for a pair of single-family homes in the county outside Steamboat Springs popped up on the weekly report of the Routt County Regional Building Department. The two homes combined have a permit valuation (less than retail) of $1.642 million.
Drury Construction landed the contract for a $614,112 home on Routt County Road 14. The owners of a newly permitted home on Bear Trail will act as their own contractors on the $1.028 million job.
Within the city, a $69,000 alteration to a home on Bear Drive is new on the books.

Adam Bleesz

Ski Town Lifestyle Properties has announced the addition of Adam Bleesz to the Howelsen Place and Alpen Glow sales team.
Bleesz was most recently affiliated with Colorado Group Realty. The Howelsen Place and Alpen Glow Sales Office is located on the corner of 7th and Lincoln.

Randall Hannaway reports the Alpine Bank-owned home he co-listed with Nick Metzler in Stonebridge Park closed for $3.2 million Thursday in a cash deal. The developer’s original listing price was more than $6 million. From the buyer’s original inquiry, it took just seven days to get it done. Stay tuned for more details.

Jon Wade of Colorado Group Realty landed both sides of an Emerald Lodge condominium sale – he brought both the buyer and the seller to the deal – on Thursday. It involved one of the ground level patio units.