According to a report released yesterday by the Colorado Division of housing, Colorado Foreclosures for August of 2012 showed a 1.6% drop from August of 2011 and fell to a six year low!
If you have been reading our blog, this should come as no surprise to you as the foreclosure filings and foreclosure sales have been declining over the past year. In addition, with the stronger home sales numbers being posted over the past year, many more owners are able to sell their homes as a short sale and avoid the ugly foreclosure process.
The Denver Business Journal sums the report up well:
The number of foreclosure auction sales in Colorado’s metro counties fell to a six-year low in August, and foreclosure filings dropped 1.6 percent from August of 2011, according to report released Thursday by the Colorado Division of Housing.
Foreclosure auction sales in Colorado’s metro counties were down 10.4 percent in August compared with August 2011, falling to 1,341 from 1,497. Over the same period, foreclosure filings fell to 2,287 from 2,325.
There are still some good deals available on Colorado foreclosures, but you hae to move quickly and work with an agent that is familiar with the many bidding processes for different banks and agencies. If you would like more information, give our team a call at 303-726-1874.
If you are facing a foreclosure, give us a call to learn how we sell so many Denver short sales quickly and help homwowners avoid the foreclosure process with no cost to them. You can reach us at 303-726-1874.
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