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Foreclosure activity drops in El Paso County, state

Wed, May 9, 2012

News

Foreclosure activity dropped 13.3 percent from the same time last year in El Paso County in April.

In metro counties across Colorado, foreclosure filings rose 7.3 percent from April of 2011, but foreclosure sales at auction dropped 36.2 percent.

“March and April tend to be the high points for the year when it comes to foreclosure filings, but this year, those numbers were quite low compared to recent years,” said Ryan McMaken, a spokesman with the Colorado Division of Housing. “On top of that, every metro area in the state showed a declining trend in foreclosure auction sales, and this suggests that foreclosure prevention efforts in general are continuing to have an effect statewide.”

Overall new foreclosure filings during the first four months of 2012 dropped 1 percent on average in metro counties and foreclosure sales dropped 29 percent from the same period in 2011.

“The overall trend is clearly down for now, but we’re still going to see some ups and downs,” McMaken said.

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