RealtyTrac released new foreclosure filing statistics last week, revealing that Colorado has the country’s tenth highest foreclosure rate in the second quarter of 2010. Colorado’s foreclosure filings decreased 4.59 percent from the first quarter of this year, but increased 4.73 percent from the same quarter of last year.
According to the report, in the second quarter of this year, Colorado had 15,287 foreclosure filings, which is around one foreclosure out of every 141 housing units. The national foreclosure rate is one out every 144 housing units. While tenth (on a list that we don’t want to be on) may sound high, keep in mind that our state once ranked toward the very top of this list, so we’ll take tenth for now. California had the highest number of foreclosures in the country.
Are you a Denver homeowner in distress? TeamCox Realtors is a Certified Distressed Property Expert, or CDPE. We have undergone extensive training to help Denver homeowners explore options to avoid foreclosure, including exploring a possible Denver short sale, or a even a loan modification. Please contact us at 303-400-6060 to see if we how we can help you.
If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance