Colorado foreclosures at 20-month low (Denver Business Journal, 12/23/2010)
Denver County, one of the metro-area counties hardest hit by foreclosures in recent years, had the biggest decrease in foreclosure filings of the state's 12 major counties year over year. Its filings went down 28.5 percent to 335 last month from 470 in November 2009.
That county also was the only major one in the state with a drop ¿ 3.1 percent ¿ in foreclosure sales from January through November, year over year.
The Division of Housing's monthly "Metropolitan Foreclosure Report" covers 12 urban counties of Colorado: Denver as well as Adams, Arapahoe, Boulder, Broomfield, Douglas, El Paso, Jefferson, Larimer, Mesa, Pueblo and Weld counties. Smaller counties are not included in the monthly totals.
Larimer County foreclosures improve (Ft Collins Coloradoan, 12/23/2010)
Foreclosure sales and filings declined for the month as foreclosure sales at auction dropped to a 20-month low in Colorado's metropolitan counties, according to a report released Wednesday by the Colorado Division of Housing.
Larimer County recorded a 2.9 percent decline in month-over-month foreclosure filings from 172 in October to 167 in November. Foreclosure sales declined 5.6 percent from October to November as sales dropped from 54 homes sold at auction to 51.
Year-over-year comparisons of November foreclosure activity in Larimer County revealed a 12.8 percent increase in filings and a 15 percent drop in sales.
Nov. foreclosures fall in Colorado's largest counties (Denver Post, 12/23/2010)
Weld continues improvement on foreclosure front (Greeley Tribune,12/23/2010)
But Weld has the highest foreclosure rate of the state’s 12 major counties, according to the November data. Weld had an 11.2 percent foreclosure rate, which is based on the number of households per completed foreclosure. The state-metro group had a rate of 7.4 percent.
Sara Gilbert, executive director of Consumer Credit Counseling Service of Northern Colorado, said the Greeley office has seen a 19 percent increase this year in housing counseling sessions on foreclosure avoidance. Gilbert said word is getting out about the state’s Foreclosure Hotline.
“More people are recognizing the importance of seeking the advice of a foreclosure counselor,” she said. “… It’s not an easy process to get through, so we never recommend that you try to go it alone.”
November foreclosures slow in Colorado's largest counties (Colo. Springs Gazette, December 23, 2010)
In Colorado Springs and surrounding El Paso County, foreclosure filings totaled 430 in November, down 10.5 percent from October. November sales, however, totaled 165 — a slight 3.1 percent increase.
Another thing holding back foreclosures are loan modifications, where lenders try to change the terms of a loan so a borrower can stay current.
Read more: http://www.gazette.com/articles/foreclosure-110073-activity-slows.html#ixzz18y7InOkx