Foreclosure activity declines in Colorado
Foreclosure activity in Colorado fell for the first four months of the year when compared to the first part of 2011, the Colorado Division of Housing said Wednesday.
Foreclosure filings dropped 1% from last year, declining from 8,476 in early 2011 to 8,395. Foreclosure auction sales also plummeted 29%, declining from 6,177 filings to 4,387 filings.
The four-month period varied with foreclosure filings up 7.3% year-over-year in April and auction sales down 36.2%. Meanwhile, foreclosure filings from March to April fell 10.8%, and foreclosure auction sales rose 6.1%.
"March and April tend to be the high points for the year when it comes to foreclosure filings, but this year, those numbers were quite low compared to recent years," said Ryan McMaken, a spokesman with the Colorado Division of Housing. "On top of that, every metro area in the state showed a declining trend in foreclosure auction sales, and this suggests that foreclosure prevention efforts in general are continuing to have an effect statewide."
At the same time, new foreclosure filings grew in several counties. Filings in Mesa County — home of Grand Junction, Colo. — rose 22.6% from last year during the first four months of 2012. Filings also grew 5.7% in Pueblo County.