Thursday, August 2, 2012

Housing News Digest, Aug 2

Foreclosure-auction sales down 26 percent in Colorado (9News) DENVER - The Colorado Division of Housing says auction sales during the second quarter hit the lowest level reported since the Division began compiling foreclosure data five years ago. There were 3,784 foreclosure auction sales, or completed foreclosures, reported during the second quarter of 2012 and 8,005 during the first half of the year. There were 5,333 sales reported during the second quarter of last year, and 10,938 during the first half of last year.

 Colorado's Q2 foreclosure auction sales drop from one year ago (DBJ) But new foreclosure filings rose 9.9 percent in the second quarter to 8,061, up from 7,333 in Q2 2011, the housing division reported. Still, the 15,844 new filings reported in the first half of this year puts Colorado on pace to finish the year with the lowest total since 2006.

Colorado foreclosure auction sales down (AP) DENVER — New foreclosure auction sales were down 26 percent in Colorado during the first half of 2012 compared to the first half of 2011. According to a report released Thursday by the Colorado Division of Housing, auction sales during the second quarter hit the lowest level reported since the division began compiling foreclosure data in 2007.

 Foreclosure sales fall sharply in area, state (CS Gazette) The number of troubled properties in the Pikes Peak region that were auctioned off after falling into foreclosure dropped sharply in the first half of this year, which follows a statewide trend, according to a Colorado Division of Housing report released Thursday. Foreclosure sales — homes and other properties that went all the way through the state’s foreclosure process and were sold at a public trustee’s auction — totaled 877 in the first half of 2012 in El Paso County, down 24.1 percent from the same period last year, the report showed. In Teller County, first-half foreclosure sales totaled 76, a 12.6 percent decline.

Boulder County has low foreclosure rate DENVER - Boulder County had the lowest home foreclosure rate of any metro county in Colorado in the first quarter of 2012, according to a report released Thursday from the Colorado Division of Housing. Boulder County reported a foreclosure rate of one completed foreclosure per 1,707 households in the first quarter of 2012, according to the Colorado Division of Housing. Statewide, there was about one completed foreclosure per 524 households in the first quarter of 2012.

 Foreclosure auction sales down in Colorado (Den Post) New foreclosure auction sales were down 26 percent in Colorado during the first half of 2012 compared to the first half of 2011. According to a report released Thursday by the Colorado Division of Housing, auction sales during the second quarter of 2012 hit the lowest level reported since the division began compiling foreclosure data in 2007.