Foreclosure filings at 2-year low in Colorado urban areas

Denver Business Journal – by Dennis Huspeni

Date: Tuesday, June 14, 2011, 12:01am MDT
Foreclosure sign

Initial foreclosure filings and final foreclosure sales in Colorado’s 12 biggest counties fell for the sixth consecutive month, the state Division of Housing reported Tuesday.

There were 2,002 foreclosure filings in May, down 24 percent from May 2010, according to the report. Sales also fell 20 percent, from 1,459 in May 2010 to 1,167 last month.

“Foreclosure sales at auction are now at a 26-month low, and foreclosure filings have been near 30-month lows for the past three months, although foreclosure totals remain at historic highs,” division spokesman Ryan McMaken said in a release.

In comparing year-to-date statistics, filings are down 32 percent from the same time period in 2010, and sales are also down 18 percent.

Read more: Foreclosure filings at 2-year low in Colorado urban areas | Denver Business Journal

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Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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