Colorado Bank Owned Homes: Urban Foreclosure Sales at 42-month Low

Some more good news today on Colorado Bank Owned homes and the related foreclosure numbers. The Denver Business Journal cited a report from the Colorado Division of Housing showing that new foreclosure filings in Colorado's 12 urban counties fell to a 42 month low.

Our team has been seeing evidence of this for months now. Many of our clients have been forced into bidding wars on many of the bank owned homes we've helped them with. In addition, several of our buyers looking for Colorado Bank owned homes have had a very difficult time finding any available in the areas they are searching in. Inventory on foreclosures (and many private seller homes) has been down substantially.

From the Denver Business Journal:

The report says foreclosure filings in the 12 counties dropped 23.2 percent in October, to 2,350, from the same month of 2010, and also were down 3.3 percent from the previous month.

Foreclosure sales, meanwhile, were down 28.3 percent in October, to 938, from October 2010, and decreased 16.5 percent from September 2011.

If you would like to speak with our team about Colorado bank owned homes or Denver HUD homes, give us a call. We have experts in every major area of the Denevr metro market: 303-726-1874.