The man who had loaned money to Jerry and Jennifer Greer for the Colver House is the new owner of the historic property in downtown Phoenix.

The man who had loaned money to Jerry and Jennifer Greer for the Colver House is the new owner of the historic property in downtown Phoenix.

In the foreclosure auction on the home, Thom Hamlin, whose IRA had made the loan the Greers defaulted on, was the only bidder.

The sale was originally set for Sept. 19, but on Sept. 14 the home burned and the Greers had to leap from a second-story window to escape the flames. After several postponements of the sale, Hamlin bid $275,584 to discharge the debt to him and the fees involved in the foreclosure.

He and his attorney, Larry Hammack, said the first step will be to clean up the property where the scorched husk of the county's second-oldest structure sits, surrounded by a fence to keep people away from the debris inside the three remaining walls. Hammack said they have been in touch with historical societies about salvaging some items from the property.

Hammack said no plans for the property would be announced for at least a month.

— Anita Burke