According to RealtyTrac’s latest market report, the number of foreclosure filings in November was down 8.71 percent from October, and down 20.1 percent from a year ago. There were 544 foreclosures in November and only 284 bank repossessions (1 out of every 2,652 houses in the state). Foreclosure starts in November were also down […]
Zombie Foreclosure
December 14, 2015 by Leave a Comment
Zombie foreclosures plague neighborhoods in some cities, but not in Denver. Out of the 1.6 million residential properties in Colorado, only 85 are considered to be zombie foreclosures. What is a zombie foreclosure? It means the home is vacant, the legal process has started, but the bank has not yet repossessed the home. Nationally, about 20,000 U.S. […]
Foreclosures: Colorado Contrasting the Nation
November 17, 2015 by Leave a Comment
According to RealtyTrac’s latest Foreclosure Market Report for Colorado, one in every 733 houses are in foreclosure, a 15 percent decrease from the same time last year. Colorado had a 17 percent decrease in the number of foreclosure filings (the first stage of the foreclosure process) from the second quarter of 2015 and a 15 percent decrease […]
Spike in Foreclosures
April 10, 2015 by Leave a Comment
According to RealtyTrac’s monthly foreclosure market report, foreclosure filings in Colorado jumped 65 percent in January from December, but were down 4 percent from January 2014. Why the huge spike? RealtyTrac attributed it to improved data collection methods, saying it had added a secondary data aggregator that likely added more filings that the primary source […]
Foreclosure Filings Down After Recent Spike
November 19, 2014 by Leave a Comment
According to RealtyTrac, Foreclosures in Colorado continued trending downward in October, after the state experienced a spike in foreclosure filings in the third quarter. The state had 653 properties with a foreclosure filing in October, down 37.5 percent from September and 56.8 percent from October of last year. The state experienced a 57 percent increase […]
Avoid Foreclosure with Alaris
June 26, 2014 by Leave a Comment
Buying a home is a challenging, but very rewarding goal for many homeowners. However, sometimes life takes a different turn and it can be a struggle to keep up with the mortgage payments, which could result in a foreclosure filing. Foreclosures can be difficult. The process is time-consuming and emotionally trying. If you know anyone who has […]
Foreclosures Hit an Eight Year Low
June 12, 2014 by 1 Comment
The April foreclosure data for Colorado’s 12 metropolitan counties is now available. Foreclosure filings and foreclosure auction sales were near an eight-year low during April 2014, with foreclosure filings dropping 29 percent, year over year, from April 2013 to April 2014. Foreclosure auction sales, over the same period, dropped 38.9 percent in all metro counties […]
Two Positive Foreclosure Prevention Bills Cont.
May 2, 2014 by Leave a Comment
Two bills aimed at protecting homeowners from losing their homes to foreclosure passed out of the Colorado Senate. HB-1295 passed on March, which prohibits “dual tracking” and ensures that low-income families can easily and quickly access housing protections. The Senate also passed HB-1312 which continues the state’s foreclosure deferment program that was scheduled to expire […]