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Colorado Foreclosure Filings Rise

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(credit: CBS)

(credit: CBS)

DENVER (AP) — Foreclosure filings were up in Colorado last month, but foreclosure auction sales fell to a six-year low.

According to a report released Tuesday by the Colorado Division of Housing, foreclosure filings in Colorado’s metropolitan counties were up 14 percent last month to nearly 2,000, compared to just over 1,700 in July of last year. Foreclosure auction sales were down 24 percent.

Foreclosure filings are the initial filings that begin the process. Foreclosure auction sales are held once the process has been completed.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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