Tuesday, May 17, 2011

Housing News Digest, May 17

Foreclosures down 40 percent (9news)
"Over the past year, Weld County and metro Denver have been enjoying the most improvement," McMaken said. "Mesa County looks like it might finally be leveling off after about eighteen months of rather large increases in foreclosure activity, but totals haven't started to fall yet."

Colorado foreclosure filings and sales down (Denver Post)

Foreclosure sales also showed some declines across the state but were more mixed. Pueblo, Boulder and Jefferson counties reported increases in foreclosure sales at auction in April when compared to April 2010. All other counties, however, showed decreases with the largest decrease in Weld County, where foreclosure sales fell 39.2 percent year over year.

Another big drop in Colorado foreclosure filings (DBJ)

"On the other hand, foreclosure sales at auction are actually up in 2011 compared to what we saw during March and April of 2008 and 2009. The filings news is great, but there are still clearly many pending foreclosures left to deal with."

Foreclosure filings fall 40.1% in Colorado (Housing Wire)
In April, the state recorded 1,933 foreclosure filings, down from 3,228 a year earlier.

Foreclosure sales at auction declined 11.2% during the month, dropping to 1,604 from 1,806 sales in April 2010

Foreclosure filings in Denver area drop (AP)
DENVER (AP) - The number of new foreclosures in the Denver area continue to drop but state officials say the number of foreclosure sales is still relatively high.

The Colorado Division of Housing said Tuesday that foreclosure filings and foreclosure sales at auction in the state's 12 largest counties fell during April compared with April 2010.

Mariner Holdings will finish Colorado development
Mariner Holdings LLC has shed some additional light on its acquisition of a stalled retail development in Basalt, near Aspen, called Willits Town Center.
Mariner Real Estate Management, a subsidiary of Leawood, Kan.-based Mariner Holdings, said it will manage the investment with the intent of completing the project, which has been stalled since 2008.