DENVER -- The City of Denver has two million dollars to give away, but they can’t find the people they are supposed to give it to.
“You think people would come running into get it,” Mica Ward, a spokeswoman with the Clerk’s office said.
Ward says there is a list of 62 individuals who foreclosed on their properties within the last couple of years that the City of Denver owes money to.
“It can really change people’s lives,” Ward said.
The Clerk’s office, the group who administers foreclosed property auctions, must give back money to home owners when their foreclosed properties sell at a higher value during auction than what they owed the bank.
Ward estimates that the 62 individuals would receive anywhere between $500 to $169,000.
“I was able to find a person whose mother passed away almost two years ago and her home sold at a foreclosure auction and we had almost 15 thousand dollars to give back to them,” Ward said.
The list of addresses are available here on the clerk’s website.
Realtor Trish Kelly says there is a lesson to be learned from this.
The Denver real estate market is so strong right now, foreclosure should never occur without talking with a realtor. After all, if the clerk’s office is auctioning off your home at such a high value, a realtor would likely get a lot more.
“The chances you have to do a foreclosure are so slim,” Kelly said. “ Just talk to a realtor and say, ‘Hey, what can you do for me.'”
Reported by Joe St. George