Foreclosure Homes in Aspen, CO

Aspen is the home rule municipality that is the county seat and the most populous municipality of Pitkin County, Colorado, United States. Its population was 6,658 at the 2010 United States Census. It is in a remote area of the Rocky Mountains' Sawatch Range and Elk Mountains, along the Roaring Fork River at an elevation just below 8,000 feet (2,400 m) above sea level on the Western Slope, 11 miles (18 km) west of the Continental Divide.

Founded as a mining camp during the Colorado Silver Boom and later named Aspen for the abundance of aspen trees in the area, the city boomed during the 1880s, its first decade. The boom ended when the Panic of 1893 led to a collapse of the silver market. The city then entered a half-century, known as "the quiet years", when its population steadily declined, reaching a nadir of fewer than 1000 by 1930. Aspen's fortunes recovered in the mid-20th century when neighboring Aspen Mountain was developed into a ski resort, and industrialist Walter Paepcke bought many properties in the city in the 1950s and redeveloped them. Today it is home to three institutions, two of which Paepcke helped found, that have international importance: the Aspen Music Festival and School, the Aspen Institute, and the Aspen Center for Physics.

In the late 20th century, the city became a popular retreat for celebrities. Gonzo journalist Hunter S. Thompson worked out of a downtown hotel and ran unsuccessfully for county sheriff. Singer John Denver wrote two songs about Aspen after settling there.