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From the Rocky Mountain News:

Foreclosures in metro Denver decline 11.8 percent

At a time when the country is mired in the worst foreclosure crisis since the Great Depression, the Denver area is bucking the trend by seeing the first year- over-year decline in foreclosures in more than a dozen years.

There were 24,494 foreclosures filed with public trustee offices in the seven-county Denver area in 2008, an 11.8 percent drop from the record 27,785 filings in 2007.

Although 2008 was the second-worst year on record, it is a far cry from the 41.5 percent increase in foreclosures posted in 2007 from 2006.

Foreclosures had been rising each year since the mid-1990s, but when the economy was strong in the late 1990s, the increase was smaller than the housing and population growth.

"It is possible that Colorado has gone through the worst of its foreclosure cycle," said Rick Sharga of Irvine, Calif.-based RealtyTrac.