“…there are a lot of ready buyers for distressed properties,” Ryan [...]
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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) |
“This slowdown continues to be largely the result of massive delays in processing foreclosures rather than the result of a housing recovery that is lifting people out of foreclosure,” James J. [...] “Given the larger economic picture, I certainly don’t see any reason why Colorado’s foreclosure picture should necessarily be improving compared to the nation, especially considering January’s employment numbers for Colorado,” Ryan [...] “The Catch-22 for 2011 is that while accelerating foreclosure sales will help clear the oversupply of distressed properties and return balance to the market in the long run, in the short term a high percentage of foreclosure sales will continue to weigh down home prices, ” James J. [...] “Unfortunately (the nationwide drop in foreclosure activity) s less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure processing,” James J. [...] “foreclosure levels remained five to 10 times higher than historic norms in most of those hard-hit markets, where deep faultlines of risk remain and could potentially trigger more waves of foreclosure activity in 2011 and beyond,” James J. [...] “New people entering foreclosure continues to drop, but sales are up, likely reflecting the increase in sales that is the result of a very large number of new filings during 2009,” Ryan [...] “Foreclosure activity decreased dramatically in November, RealtyTrac [...] “The underlying problems that are causing homeowners to miss their mortgage payments — high unemployment, underemployment, toxic loans and negative equity — are continuing to plague most local housing markets,” James J. [...] 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. |
   Acknowledgements Some Photos on this site, courtesy of and © Steve Groer Photography, Denver's Premier Coroporate & Event Photographer. Please contact Steve via his website or by phone at (303) 696-6260 or (303) 941-5764.  |
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