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 from the same time last year.
This is quite a contrast to the national trend where foreclosures saw a 3 percent increase from this time last year.
Across the country, there was a total of 327,258 U.S. properties with foreclosure filings in the third quarter of 2015, which is down 5 percent from the previous quarter but up 3 percent from the third quarter of 2014.
The annual increase nationwide in the third quarter marked the second consecutive quarter where U.S. foreclosure activity increased on a year-over-year basis following 19 consecutive quarters of year-over-year decreases.
Alaris helps you avoid foreclosure. We have a team of brokers who understand the foreclosure process. We have helped hundreds of homeowners avoid foreclosure. If you are facing foreclosure, please contact us today.
If you are interested in buying a home in foreclosure and would like some assistance in understanding the process, we would happy to answer any questions.