Colorado ranked 9th for foreclosures

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Colorado had the ninth-highest foreclosure rate in the nation during April, according to RealtyTrac Inc.

A total of 5,495 Colorado properties were in foreclosure , or one per every 387 households. That was down 1.5 percent from March and down 9 percent from April 2008.

Nevada had the nation’s highest rate, with one in every 68 households in foreclosure. It was followed by Florida, California, Arizona, Utah, Georgia, Illinois, Colorado and Ohio.

Still, foreclosure rates for Illinois, Colorado and Ohio are below the national average.

Nationwide, 342,038 U.S. properties were in foreclosure in April. That’s up less than 1 percent from March and up 32 percent from April 2008.

One in every 374 U.S. households received a foreclosure filing in April, the highest monthly foreclosure rate since RealtyTrac began issuing a monthly report in January 2005.