More than 2.2 million foreclosure filings were reported nationally during 2007, an increase of 75 percent compared to 2006.
RealtyTrac’s 2007 U.S. Foreclosure Market report also shows that more than 1 percent of all U.S. households were in some stage of foreclosure during the year, up from 0.58 percent during 2006.
Nearly 216,000 foreclosure filings were reported during December, up 97 percent from a year earlier. That brought the fourth-quarter total to 642,150 filings, up 1 percent from the previous quarter and up 86 percent compared to the fourth quarter of 2006.
Colorado ranked fifth nationally for foreclosure rate, with 1.92 percent of all households in foreclosure. Nevada, Michigan, Florida and California were ranked first through fourth, respectively.
At year’s end, there were 39,403 properties in foreclosure in Colorado, up 140 percent compared to 2005 and up 30 percent compared to 2006.