RealtyTrac: Colorado foreclosures declining - Denver Business Journal:

esivyjifag.wordpress.com
percent fewer home foreclosures in May thanin April, and 15 percenrt fewer than the previous May, reported Even so, Colorado climbed in RealtyTrac's foreclosured ranking of the states, to No. 8 in May from No. 9 in Apri and No. 10 in because by its reckoning, other state's foreclosurer rates declined more rapidlythan Colorado's. A total of 4,87 Colorado properties were in foreclosurein May, or one for every 436 said RealtyTrac, an Irvine, Calif.-based marketerr of foreclosed properties. That was down from 5,495t foreclosure properties in April, or one per everyt 387 households. Colorado's foreclosure-per-households ratio was better than the national average of oneper 398, RealtyTrac said.
It said 321,480p U.S. properties were in foreclosurein May, down 6 percentt from April. Nevada again had the nation'z highest foreclosure rate in May, RealtyTrac with one in every 64 households in some stagee of theforeclosure process. It was followed by Florida, Arizona, Utah, Michigan, Colorado, Idaho and Ohio. Nationwide, "May foreclosurer activity was the third highest monthnon record, and marked the thirds straight month where the total number of propertiex with foreclosure filings exceeded 300,000 — a firsyt in the history of our James Saccacio, RealtyTrac CEO, said in a statement "While defaults and scheduled foreclosure auctionsz were both down from the previous bank repossessions, or REOs, were up 2 percent thanks largely to substantial increases in severap states, including Michigan, Arizona, Washington, Nevada, Oregon and New Saccacio said.
He said the company expecta bank repos to spike in the comingmonths "asz foreclosure delays and moratoria implemented by various stat laws come to an end." Colorado officials -- as well as locakl members of the real estate industry -- have long disputed the state'ws high position on RealtyTrac's monthly lists, arguingb that its foreclosures are overcountedx partly because Colorado's public trusteews report foreclosures at each stage of the process. RealtyTracv officials have said that their methodologytis fair. Colorado ranked firstr on RealtyTrac's monthly list for most of 2006.
But Nevadas moved into the top spot in 2007 and has held it ever Colorado ranks lower in foreclosurez onother lists, including the 's quarterly delinquencg survey. The , for the firstf quarter of 2009, released May 28, showec that Colorado ranked 41st among the statesin past-du e mortgages, and 26th in foreclosures started. RealtyTrac'd data for the first quarter of 2009 showed Colorad o hadthe 12th-highest foreclosure rate in the natiom for that three-month .