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 in foreclosures in August after several foreclosures were refiled because of Colorado Attorney General John Suther’s investigation into lawsuits against the state’s largest foreclosure law firms.
Comparatively, nationally, foreclosure filings were reported on 123,109 U.S. properties in October, an increase of 15 percent from the previous month, but down 8 percent from a year ago.
The 15 percent monthly increase nationwide was the largest month-over-month increase since U.S. foreclosure activity peaked in March 2010.
Be sure to check out and follow us on Tumblr where we blog about these kinds of topics and others that affect our real estate market.