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 John Rebchook is a former Rocky Mountain News reporter with more than 30 years of experience in writing and communications... (Read More) |
A top state housing official today published a report criticizing the way that Irvine, Calf.-based RealtyTrac counts foreclosures in Colorado. RealtyTrac’s conclusion that foreclosure activity in Colorado rose in the second quarter from the same period in 2009, is simply incorrect, said Ryan McMaken, spokesman for the Colorado Division of Housing. Share this: Share this:
           The fragile stability achieved in many local housing markets hinges on improvements in the underlying economy, specifically job growth,” James J. [...] Share this:
Short sales are thinly veiled foreclosures, Tom [...] Share this:
Discounts on pre-foreclosure sales appear to be trending higher, as short sales become more common – [...] Share this:
Colorado “more often than not” has been below the national foreclosure rate in recent months, Ryan [...] Share this:
The Denver area saw a faster percentage growth during the first quarter in foreclosure activity than the national [...] Share this:
“That sizable year-over-year percent increase for the first quarter should be taken with a grain of salt since the first quarter totals last year were so impacted by the existence of the moratoria that only started to be phased out in March,” Ryan [...] Share this:
“The fact that Colorado is falling much more quickly in delinquency rankings than in Realtytrac rankings would lead me to conclude that Colorado is very slowly dealing with its accumulated inventory of foreclosing properties, but that the rate at which new properties are defaulting in Colorado is slowing at a much faster rae,” Ryan [...] Share this:
“If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan modification programs or the new short sale and deed-in-lieu of foreclosure alternative works,” James A. [...] Share this:
The Denver-Aurora area saw a 12 percent decrease in total foreclosures – everything from notices of election and demands to REOs – according to [...] Share this:
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