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Updated: 4:29 PM Jun 14, 2011
Colorado foreclosures fall 24 percent in May
Foreclosures in Colorado are continuing to fall.
Posted: 9:10 AM Jun 14, 2011Reporter: Associated Press Email Address: tips@nbc11news.com |
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DENVER (AP) - Foreclosures in Colorado are continuing to fall.
According to the Colorado Division of Housing, they fell 24 percent in may compared to last year.
The Department says May was the sixth consecutive month during which both filings and sales were down when compared to the same month a year earlier.
Division of Housing Spokesman Ryan McMaken says lenders and servicers have been proceeding slowing the foreclosure process during the past seven or eight months and there are less foreclosures to report.
Here in Mesa County, foreclosure filings for May also fell. But only by four percent over last year. There were 92 filings for May this year and 96 last year. Public Trustee Paul Brown says 57 of the homes went to sale.
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