Snowstorm of Foreclosures Blanket Colorado County-Highest In Nation
Author: Charles Feldman • URL: http://www.thefeldmanblog.comOctober 29th, 2006 •
Not exactly a good time to own a mortgaged home in Weld County,Colorado, especially if you have an adjustable rate mortgage and are now facing escalating payments.
CBS News reports that the county is leading the entire country in foreclosures, 1 in every 168 households. That, says CBS, is 700 (that’s seven HUNDRED) percent higher than the national average.
“Almost overnight,” one real estate agent told CBS, “it’s like somebody turned the lights off.”
Nationwide, says the network, more than 300 thousand properties entered foreclosure during the 3rd quarter…and that, says CBS, is up 43 percent from just one year ago.
If you're new here, you may want to subscribe to our RSS feed or sign up for our real estate social network. Thanks for visiting!
Tags: agent, colorado, estate, foreclosure, housing, real, snowstorm
Joshua Dorkin
Charles Feldman
Ted Karsch.
Troy Schuricht
Anwell Tsai
Richard Warren
Jim Watkins
No comments yet.