There was more good news released last week on the Colorado foreclosure front. The report from the Colorado Division of Housing revealed the following: • Both foreclosure filings and sales at auction were down in October 2011 when compared to October 2010. • Filings rose to the second-highest filings total reported in 9 months, but were down … Continue reading Good News on the Colorado Foreclosure Front
As a follow-up to the post, “Will Obama’s New Mortgage Plan Help Colorado?,” TeamCox Realtors wanted to add a few more thoughts. Will the government’s latest effort really help our beleaguered housing industry? We remain skeptical of it. Last week, President Obama announced stepped-up refinancing plan to let qualified homeowners refinance mortgages, regardless of how … Continue reading More Information on Obama’s Refinancing Plan
President Obama unveiled a new mortgage plan last week, aimed at reducing monthly mortgage payments for distressed homeowners who owe more than their properties are worth (more than 125 percent of the value of their home). He announced steps for these homeowners to refinance their loans at low rates (around 4 percent). Is this plan … Continue reading Will Obama’s New Mortgage Plan Help Colorado?
There is good news on the Denver real estate front! A recent RealtyTrac report reveals that while Colorado still has the tenth highest foreclosure rate in the country, foreclosures continue to decline across the state. In September, there were 4,855 Colorado foreclosure filings, which equates to one out of every 447 housing units. This is … Continue reading Colorado Foreclosure Filings Down
There is good news on the Denver real estate front! According to recent numbers released by the Colorado Division of Housing, Colorado foreclosures fell 28.2 percent during the first half of 2011 (15,34 foreclosures) from the first half of 2010 (21,369 foreclosures). While this is encouraging news, we realize that there are many distressed Denver … Continue reading Colorado Foreclosures Fall Nearly 30 Percent from Last Year
The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) decreased for the sixth consecutive quarter, dropping to 5.82 percent at the end of the second quarter in 2011 according to a quarterly analysis of credit-active U.S. consumers by TransUnion. Although mortgage delinquencies were expected to continue to drop, the … Continue reading National Mortgage Delinquency Rate Decreases for Sixth Straight Quarter
Colorado’s foreclosure picture continues to improve. Realty Trac recently released updated numbers, revealing that Colorado’s foreclosure activity (during the first six months of 2011) fell 14.7 percent from last year. Colorado’s current foreclosure rate is one out of every 84 housing units. This is great news regarding the health of the Denver real estate market. … Continue reading Colorado’s Foreclosure Picture Continues to Improve
There is some good news on the Colorado foreclosure front! The Colorado Division of Housing released a report this week, revealing that new Colorado foreclosure filings fell to 8,115 during the first quarter, a 27 percent decrease from the first quarter of 2010 (11,136 filings). Foreclosure filings are at the lowest level since the third … Continue reading Colorado Foreclosure Filings Decrease 27 Percent
According to a recently released RealtyTrac report, Colorado’s foreclosure rate has not fallen as quickly as other states, leaving it stuck in the ninth worst spot in the nation. In Colorado, one out of every 157 homes is in some state of foreclosure activity, compared to one out of every 191 homes nationally. Sadly, only … Continue reading Colorado Foreclosures Linger
The Colorado Division of Housing released its monthly foreclosure report last week, and there is good news to report! Foreclosure sales in January 2011 (1,917) in Colorado’s 12 largest counties decreased 21.8 percent from January 2010. In Denver, foreclosure sales fell 25 percent last month from January 2010, but increased 19.2 percent from December 2010. … Continue reading Colorado Urban Foreclosures Decrease