Colorado Foreclosures: Foreclosure filings in urban Colorado down 31% in 2011

Some more good news on Colorado Foreclosures came out yesterday in the Denver Business journal.

Citing a report from the Colorado Division of Housing, August was the 9th straight month that both filings and sales of Foreclosures were down compared to the same month last year.

The article does go on to site a jump from July to August. It will be interesting to see if this bump was a one time anomaly, or a sign that banks are starting to become more aggressive in the pursuit of delinquent homeowners.

From the Denver Business Journal:

August was the ninth consecutive month in which both filings and sales were down compared to the same month a year ago, state officials said.

Foreclosure filings for the year through August fell 31.4 percent, to 16,481 filings, compared with 24,032 filings during the same period last year.

Foreclosure sales at auction were down 18.5 percent, to 11,502, from January through August, compared with 14,114 during the same period last year.

But foreclosure filings in August jumped 32.4 percent from July, hitting a six-month high and signaling that the state may see an upward trend in foreclosures.

If you'd like to learn more about Colorado foreclosures, HUD homes or the real estate market in general, give our team a call at 303-726-1874.

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