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Foreclosures stabilize in key states

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Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust – California, Arizona and Florida – stabilized in June, offering hope that the worst of the real estate crisis is over. Continue Reading Foreclosures stabilize in key states

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El Paso County’s foreclosure rate for May was 1.6 percent – up 0.4 percentage point compared to May 2008 when the rate was 1.1 percent. Based on its latest report from First American CoreLogic, the Pikes Peak region’s foreclosure rate was still lower than the national rate of 2.5., representing a 0.9 percent increase on… Continue Reading El Paso County foreclosure rate lags national average

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During April, El Paso County recorded 539 foreclosure starts — Notices of Election and Demand — according to Public Trustee Tom Mowle. “This is probably the highest monthly total ever recorded in this county, breaking last March’s record total of 488 by 10 percent,” he said in a statement issued today, adding that the department doesn’t have monthly… Continue Reading Foreclosures still up for April but stabilizing

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Foreclosure slowdown: Not!

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Colorado Springs holds the dubious distinction as Colorado’s highest ranking city for new foreclosure filings during first quarter 2009. The news was released this week in an Irvine, Calif.-based Realty Trac “Metropolitan Foreclosure Market Report.” The data seemed to reflect similar findings by Public Trustee Tom Mowle which showed that El Paso County saw only… Continue Reading Foreclosure slowdown: Not!

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Mortgage foreclosures rose to an all-time high at the end of 2007 as borrowers with adjustable-rate loans walked away from properties before their payments increased, the Mortgage Bankers Association said today. New foreclosures jumped to 0.83 percent of all home loans in the fourth quarter from 0.54 percent a year earlier. Late payments rose to… Continue Reading Foreclosures mount as borrowers walk away

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Front Range foreclosures jump 40 percent

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Colorado homeowners are feeling the pinch of the collapse of the subprime market – foreclosure filings jumped 40 percent in 2007.The Colorado Division of Housing reports that nearly 40,000 foreclosure filings were listed last year, up from 28,500 in 2006. Meanwhile, foreclosure sales – in which the property is sold to the lender or a… Continue Reading Front Range foreclosures jump 40 percent

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