Foreclosures in Colorado down 31 percent in 2011


Both foreclosure filings and foreclosure sales at auction in Colorado’s metropolitan counties were down during the first eight months of this year compared to the same period in 2010, the Colorado Division of Housing said Friday.

According to Ryan McMaken, an economist for the Division of Housing, August was the ninth consecutive month during which filings and sales were down when compared to the same month a year ago.

According to the report, foreclosure filings from January through August fell 31.4 percent to 16,481 filings compared to a total of 24,032 filings during the same period last year.

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