At last! In 9 of the 12 months last year, Colorado led the nation in foreclosures. Times have begun to change, though . . .
Colorado had 4,853 homes in the process of foreclosure last month, or one out of every 377, according to RealtyTrac, an Irvine, Calif.-based company that monitors foreclosures. Colorado had the fourth-highest rate in the country in January. Nevada took the top spot with one out of every 362 homes in foreclosure. Michigan and Georgia also had higher foreclosure rates than Colorado. (CBS4Ddenver)
This is pleasing news I’m sure, for residents and politicians of Colorado who seem to be walking with a bit more pep in their step this month. Smell that . . . its pride returning to the Rockies!
NOTE: I take no credit for the decrease in foreclosures, even though it did occur once I moved into the state.
Related posts:
- Foreclosure Auctions Return To Colorado
- Snowstorm of Foreclosures Blanket Colorado County-Highest In Nation
- Mid-September National Foreclosure Update
- How to Find Foreclosure and Pre-Foreclosure Listings
- Understanding The Foreclosure Process
Article Author: Joshua DorkinJoshua has written 570 articles for us.
Visit Joshua's Website: http://www.biggerpockets.com/
Joshua Dorkin (@jrdorkin) is the founder and CEO of BiggerPockets.Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
Joshua Dorkin
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lol…oh, people knew. Josh is in the house.
I was looking at that yesterday and am more and more relieved to see Indianapolis isn’t even in the top 5 anymore. What a relief.
Hey Derek! Yeah, it was me! Looks like overbuilt Vegas drove Nevada to the #1 spot. Congrats on escaping the wrath of the FORECLOSURE TOP 5!