Colorado ranked 25th for foreclosures
Bank of America foreclosed on this home in Denver.
Despite a whopping 56.4 percent jump in foreclosure activity in October from September, Colorado ranked 25th in the nation last month for foreclosure activity, according to a national report released today.
The report by RealtyTrac showed that the month-to-month increase for the U.S. was 2.05 percent in October.
On a year-over-year basis, however, foreclosure activity in Colorado is down 61.6 percent, compared with a 28.2 percent drop for the entire country.
One out of every 1,454 households was in some level of foreclosure activity in October, according to RealtyTrac, compared with one out of every 978 household for the nation.
Colorado did move up five places in RealtyTrac’s ranking from September, when it was 30th.
There were a total of 1,512 foreclosure filings in Colorado in Colorado, which is 1.12 percent of the 133,919 filings for the U.S. last month.
Nationally, Daren Blomquist, vice president at RealtyTrac, said lenders have every incentive to move homes through the foreclosure process as quickly as possible.
John Marcotte
720-771-9401
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