Colorado Foreclosures DOWN for 2008

By: Associated Press Email
By: Associated Press Email

Denver (AP) _ State officials say home foreclosures in Colorado fell by 16 percent last year compared with the year before.

The Colorado Division of Housing said Monday the decline was the first since 2003, when the division began collecting statewide data.

Officials say the state's 2-year-old foreclosure hot line helped about 4,200 homeowners avoid losing their homes last year. They say foreclosure moratoriums and other lender programs may also have helped.

Adams, Arapahoe and Denver counties had sharp declines in foreclosure numbers in 2008. El Paso county foreclosures increased 8 percent.

The data showed foreclosure rates were worse along the front range and in eastern Colorado than in the western part of the state.

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