Colorado foreclosure filings down 31 percent in May

Real Estate

Colorado foreclosure filings down 31 percent in May

Foreclosure filings were down 31.4 percent in Colorado metro counties during May 2014, falling year over year to the lowest level recorded during May in any year since the Division of Housing began collecting monthly totals in 2007. According to a report released Wednesday by the Colorado Division of Housing, foreclosure auction sales in Colorado’s metropolitan counties were down 45.0 percent in May this year compared to May of last year, falling from 720 to 396. Over the same period,foreclosure filings dropped from 1,113 to 763. For the first five months of the year combined, from January through May, foreclosure filings were down 25.3 percent in 2014when compared to the same period last year.

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