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Denver-area foreclosure filings rise, sales drop, in October

Foreclosures filings in many counties in October from October 2008 rose 6.9 percent to 3,234 from 3,024, according to a Colorado Division of Housing report released today.

Movement in new foreclosure filings was mixed.  Arapahoe, Boulder, Larimer and Mesa Counties all reported sizable increases year over year, while Adams, Denver, Douglas, El Paso, and Weld Counties reported decreases in foreclosure filing activity over the same period.

Decreases were more widespread with foreclosure sales. Sales totals dropped in all counties except Boulder and Mesa Counties. Adams, Arapahoe, and Denver reported year over year decreases of over 30 percent.

Overall, foreclosure sales fell 30 percent, year over year.

Foreclosure filings in Denver area

Foreclosure filings in several counties.

Foreclosure filings fell 7.1 percent from September to October and foreclosure sales fell 9.8 percent.

Comparing year-over-year, foreclosure sales fell 30.1 percent overall with totals falling from 2,171 to 1,518.

Mesa County reported the largest increases in sales activity with an increase of 225 percent. Foreclosure sales also increased significantly in Boulder County with an increase of 28 percent.

Foreclosure  filings totals fell 7.1 percent overall from September to October of this year, with totals falling from 3,480 to 3,234.

Totals fell in every county except Denver County and Mesa County where they increased 6 percent and 21 percent respectively.

Pueblo reported the largest fall in totals with a decline of 37 percent.

Foreclosure sales totals increased 21 percent overall from September to October of this year, with totals rising from 1,682 to 1,518.

Only Boulder County reported a sizable increase during this period with an increase of 18 percent. All other counties surveyed reported decreases, with the largest decreases occurring in El Paso and Larimer Counties.

Contact John Rebchook at JRCHOOK@gmail.com or 303-945-6865.

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