Spike in Foreclosures

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 wasn’t catching.

The state recorded a total of 1,548 foreclosure filings in January, or one in every 1,436 households. The year-over-year decline continued an overall downward trend in foreclosure filings since 2013.

Colorado had 164 completed foreclosures in January, down 49 percent from January 2014.

Nationwide, 119,888 U.S. properties had foreclosure filings in January, up 5 percent from December, but down 4 percent year-over-year.

Read the full report here.

Alaris Realtors® help you avoid foreclosure. 

Alaris Properties, LLC


 
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