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Report: Foreclosures drop in Colorado Springs

Tue, Jan 29, 2013

News

Foreclosure rates in Colorado Springs fell year-over-year in November, according to data from real estate analysis firm CoreLogic.

Among outstanding mortgages in the city, 1.11 percent were in some state of foreclosure in November. That’s down from 1.47 percent a year ago, according to the report.

The foreclosure rate in Colorado Springs was much lower than the national average, where 2.97 percent of all home mortgages were in some stage of foreclosure in November.

The mortgage delinquency rate, which includes loans that are at least 90 days past due, also decreased in from 4.16 percent in 2011 to 3.51 percent in November 2012.

That rate is higher than the state average, which was 3.21 percent. But Colorado Springs is faring much better than the national average, where 6.45 percent of all outstanding mortgages were at least 90 days past due in November 2012.

 

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