Colorado foreclosure filings down nearly 29% in 2011
Foreclosure filings in Colorado fell 28.6% in the first 11 months of 2011 when compared to numbers from a year ago, according to a new report from the Colorado Division of Housing. During that same time period, foreclosure auctions in the state fell 20.7%. New foreclosure filings fell from 2,932 filings in November 2010 to 2,296 filings this year. "It looks like the big decreases in foreclosure filings that we saw during the first half of the year are behind us, but even with some recent increases in new foreclosure activity, Colorado is still going to end 2011 with far fewer foreclosures than it saw during 2010," said Ryan McMaken, a spokesman with the Colorado Division of Housing. "From last fall through last summer, foreclosure activity was really pushed down by a lender-initiated slowdown in foreclosure processing, but the effects of that seem to be lessening now," McMaken said. Foreclosure auction sales through November fell year-over-year from 18,727 in 2010 to 14,854 this year. Meanwhile, foreclosure filings plummeted from 32,982 last year to 23,556 during the first eleven months of 2011. Write to Kerri Panchuk.