Thursday, December 4, 2008

New Foreclosure Statewide Report - 3rdQ 2008

Here is the FULL REPORT.

Here's the full posting at the Colorado Division of Housing.

Completed foreclosures down 14 percent since 2007

Completed foreclosures are set to end the year down from 2007. There were 14 percent fewer completed foreclosures during the period ending September 30th, 2008, than during the same period last year. According to a report released today by the Colorado Department of Local Affairs - Division of Housing, there were 9 percent fewer completed foreclosures during the third quarter this year than during the third quarter of 2007. However, completed foreclosures jumped 66 percent from the second quarter to the third quarter.

There were 6,454 new completed foreclosures during the third quarter of 2008, bringing the total for the first three quarters of the year to 16,246. There were 19,025 completed foreclosures during the same period last year. There were 25,320 completed foreclosures during the full year of 2007 which was a 40 percent increase over 2006. The Division’s report predicts a decrease of 13 percent for foreclosures during 2008.