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Foreclosure Filings Dip In November

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(credit: CBS)

(credit: CBS)

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DENVER (AP) — The number of homes going into foreclosure in Colorado metro areas has dipped to the lowest level in nearly six years, according to the Colorado Division of Housing.

The division’s monthly foreclosure report for 12 metropolitan areas in Colorado released Wednesday shows there were 1,450 new fillings in November. That’s down 37 percent from last November’s 2,296 and the lowest since the division began collecting monthly totals in 2007.

Ryan McMaken, an economist with the division, in a statement says the decline is greater than expected.

Counties showing the most improvement were Boulder, Douglas, and Weld where foreclosure filings were about half of what they were a year ago.

The number of homes sold at foreclosure auctions also declined, falling from 1,290 last November to 880 last month.

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 This material may not be published, broadcast, rewritten or redistributed.)

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