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CoreLogic: Foreclosure rates falls in Springs

Tue, Jun 26, 2012

News

The Colorado Springs foreclosure rate fell again in April, according to a national report.

CoreLogic, a real estate analysis firm, reported that the foreclosure rate in Colorado Springs fell 0.22 percent from last year’s levels to 1.4 percent. That means that 1.4 percent of all outstanding mortgages are in some stage of foreclosure.

The mortgage delinquency rate, mortgages that are at least 90 days behind,  fell to 3.94 percent in April. That’s down from 4.15 percent a year ago.

The Colorado Springs foreclosure rate is below the state average, which is 1.43 percent, and below the national average of 3.41 percent.

The local delinquency rate is higher than the state average, which is 3.88 percent, and below the national average of 7.07 percent.

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