US foreclosure activity falls to 5-year low

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— U.S. foreclosure activity fell to a five-year low in September, according to a report by RealtyTrac released Thursday.

In the third quarter, Colorado saw a 20.8 percent decrease in foreclosure activity from the third quarter of last year and a 3.4 percent decrease from the second quarter of this year.

Still, Colorado ranked 10th in the nation in foreclosure rates in the third quarter with one in 216 housing units with a foreclosure filing.

Colorado’s foreclosure activity fell 20.3 percent in September year-over-year but rose 8 percent from August of this year.

Nationally, foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 180,427 properties in September, a decrease of 7 percent from the previous month and down 16 percent from September 2011. September’s total was the lowest since July 2007.

Read the full story at The Denver Post's website.

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