Colorado Division of Housing
The Colorado Division of Housing says new foreclosure auction sales were down 19 percent last year.
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.
Foreclosure filings were up in Colorado last month, but foreclosure auction sales fell to a six-year low.
New foreclosure auction sales were down 26 percent in Colorado during the first half of 2012 compared to the first half of 2011.
The number of foreclosure filings in Colorado’s 12 largest counties has kept declining, according to state housing data released Thursday.
Colorado foreclosures fell more than expected last month to a 42-month low in metropolitan counties.
Communities outside the Front Range are feeling the foreclosure pain despite a 27 percent drop in foreclosure filings in Colorado.
The number of new foreclosures in the Denver area continue to drop but state officials say the number of foreclosure sales is still relatively high.
State officials say new foreclosure filings in urban and suburban areas in Colorado have slowed but it’s not necessarily because conditions are improving.
The Colorado attorney general’s office is awarding grant money funded by settlements from mortgage companies to a foreclosure help hotline.