Colorado Foreclosures: Colorado 6th Best for Non-Current Loans

More good news to report for this week. This report came out on Friday, but we didn't have time to post it here. The Colorado Division of Housing linked to the report by LPS (Lender Processing Services) which shows Colorado having the 6th best ranking in the nation for loans that were non-current.

From the Division's Website:

According to the June LPS Mortgage Monitor , released Monday by Lender Processing Serives, 11.3 percent of mortgage loans during May were "non-current" in the United States. That is, they were 90-plus-days delinquent or were in foreclosure.

In Colorado, the percentage of active mortgage loans that were non-current during March was 6.1 percent, which was down 10.6 percent from the same period last year. Colorado's year-over-year decline in non-current loans was the 7th largest in the nation. Only Nevada, Michigan, Arizona, California, Montana and Wyoming showed larger declines.

Only five states reported lower percentages of non-current loans than Colorado, making Colorado 6th-best in the nation for the percentage of its mortgage loans that were non-current during May 2012. Montana, Wyoming, South Dakota, Alaska and North Dakota reported lower percentages of non-current loans during May.

We've been seeing just about every reporting agency continue to report declining numbers for Colorado foreclosures. This report details the numbers from a different source and shows a more positive outlook from inside the mortgage world.

We will continue to watch the and specifically as these numbers can vary from the broader Colorado market.

For an up to date report for an area you are interested in, give our team of foreclosure experts a call at 303-726-1874 today.

.

Denver Area Foreclosure and HUD House Searches:
Aurora Foreclosures and HUD Homes, Arvada Foreclosures and HUD Homes, Brighton Foreclosures and HUD Homes, Broomfield Foreclosures and HUD Homes, Castle Rock Foreclosures and HUD Homes, Centennial Foreclosures and HUD Homes, Commerce City Foreclosures and HUD Homes, Denver Foreclosures and HUD Homes, Englewood Foreclosures and HUD Homes, Golden Foreclosures and HUD Homes, Highlands Ranch Foreclosures and HUD Homes, Lakewood Foreclosures and HUD Homes, Littleton Foreclosures and HUD Homes, Northglenn Foreclosures and HUD Homes, Parker Foreclosures and HUD Homes, Thornton Foreclosures and HUD Homes, Westminster Foreclosures and HUD Homes