Foreclosures Still a Big Worry

By: Lizz Marrs Email
By: Lizz Marrs Email

GRAND JUNCTION, Colo. (KKCO)- New numbers show 96 Mesa County foreclosures in May, down a third from April, but that's the only good news the local foreclosure market is seeing.

Because of an extremely high number of foreclosures in April and a good amount in May, Mesa County Public Trustee Paul Brown has already seen more foreclosures in the first two months of this quarter than the same quarter last year.

Also, last year's numbers are just now catching up to the market.

That's because home sales lag about 6 months behind from when they go into foreclosure and more and more families are losing their homes as you read this.

As if that weren't enough, scam artists are taking advantage of those who have fallen on tough times.

Brown says he's seeing more scams now more than ever before.

"If you're in foreclosure and somebody asks for money upfront, don't do it. Don't give it to them. Anything they can do for you or offer for you we can do for free."

He says current scams are coming from Maryland and Florida.
But cautions there are tricky local scammers out to get your money as well.

A few red flags are scam artists ask for anything from a few thousand dollars to signing over the deed of your house.


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