Colorado foreclosure filings growing
August 6, 2008
DENVER ” Colorado public trustees reported 10,875 foreclosure filings in the second quarter, up 8.6 percent from the same period last year.
A report Wednesday from the Colorado Division of Housing says forecasts suggest that, barring major changes in the housing market, filings may rise 15 percent for the whole year from the number in 2007.
There were 39,915 foreclosure filings last year, with borrowers about three months late on payments. Through the first half of this year, there have been 22,505 filings.
The report estimates that through the first half of the year, there was 1 foreclosure filing per 82 households, with the most significant foreclosure activity on the Front Range.