Boulder County reported the lowest foreclosure rate among metropolitan counties with one completed foreclosure per 1,071 households in 2010.
The county finished 2010 with 1,352 foreclosure filings and 616 foreclosure sales – a decrease of 6.2 percent and a 23.4 percent increase, respectively – compared with 2009.
The figures show that Boulder followed the general trend of the other Colorado metros, with foreclosure filings falling and foreclosure sales increasing, according to the Colorado Division of Housing.
But 2011 has had a positive start among all of the state’s metros, with foreclosure sales dropping 21.8 percent from 1,917 sales in January 2010 to 1,499 sales in January 2011. Foreclosure filings in Colorado’s metropolitan counties were down 1.1 percent from January 2010 to January of this year. Total filings in January fell from 2,729 to 2,699, year over year.
From December 2010 to January 2011, foreclosure filings fell 6.7 percent, and foreclosure sales at auction rose 11.7 percent. But foreclosure filings are now at the lowest monthly total reported since June 2010. Foreclosure sales at auction, while down from January 2010, increased for the second month in a row as lenders sped up the processing of foreclosures, the Department of Housing reported.
Foreclosure filings are the initial filing that begins the foreclosure process, and foreclosure sales totals are the total number of foreclosures that have been sold at auction at the end of the foreclosure process.
The counties with the largest decreases in foreclosure filings from January 2010 to January 2011 were Boulder and Mesa counties, where filings decreased by 29.9 percent and 18.6 percent, respectively. Douglas County reported the largest rise in new filings with an increase of 68.8 percent, year over year.
The county with the highest rate of foreclosure sales in January was Weld County, with a rate of 690 households per foreclosure sale. Mesa County came in second with 702 households per foreclosure sale. The lowest rate was found in Broomfield County where there were 6,450 households per foreclosure sale.
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