Although Boulder County saw the number of homes that entered into foreclosure grow in 2007, it still had the lowest foreclosure rate in the state. The Colorado Division of Housing reported that Boulder had 1,009 homes – or one in 112 occupied units – that went into foreclosure last year. That is an increase of 28 percent compared with 2006.
The next lowest rate was in Broomfield County, where one in 70 went into foreclosure, followed by Larimer County’s rate of one per 68. Weld and Denver counties had the highest rates, with one in 29 and one in 32, respectively, going into foreclosure in 2007.
The state noted in its report that just because a home went into the foreclosure process doesn’t mean it was sold by lenders at auction; homeowners do have an opportunity to catch up their payments or sell their homes before the lenders take possession.
Source:
Colorado Division of Housing
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