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Colorado foreclosures down in September

Colorado foreclosures down in September

by Brian Petrelli 15. October 2009 15:48

From The Denver Business Journal:

RealtyTrac: Colorado foreclosures down in September from previous month

Colorado had the ninth-highest foreclosure rate in the nation in September, down from eighth in August, according to RealtyTrac Inc.

A total of 6,212 Colorado properties were in foreclosure in September, according to data released by RealtyTrac, an Irvine, Calif.-based marketer of foreclosed properties. That was down 4 percent from August but up 42 percent from September 2008.

Colorado also ranked ninth in the nation for the third quarter as a whole, with one in every 131 households in some stage of the foreclosure process, RealtyTrac said.

Nevada, which has topped the list for nearly three years, once again had the nation’s highest foreclosure rate in September and in the third quarter, with one in every 23 households in foreclosure, nearly six times the national average.

California, Florida, Arizona, Nevada, Illinois and Michigan accounted for 62 percent of the nation’s total foreclosure activity in the third quarter, RealtyTrac said.

Nationwide, one in every 136 households was in foreclosure in the third quarter, up 5.4 percent from the second quarter and up 22.5 percent from the third quarter of 2008. 

 

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