According to a report from RealtyTrac, foreclosures in Denver, Aurora, and Lakewood are down 3.13 percent in the first half of 2015 compared to the first half of 2014.
Downside: fewer foreclosures could make it tougher for home buyers to find a home in the already-tight Denver market
Upside: a robust real estate market
Foreclosure filings, from January to June, were at one in every 350 properties in the state, which brings the total to 3,096, or 29 percent of the housing units in the state. Foreclosure filings are the initial documents, filed with county public trustee’s offices, that are used to start the foreclosure process. That process ends with the sale of a property at auction, unless debt related to the property is repaid.
As for its rank in the country, Colorado is 28th among the states in terms of number of foreclosures.
Click here to see the full report.
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