October 8 9News Interview
Here's the story that accompanied my Thursday morning interview on 9News: Foreclosures still on the increase, but trend is slowing KUSA - The Colorado Division of Housing has released local foreclosure statistics for September, and while the numbers continue to rise, the Division says they are improved over a year ago. Advertisement The office said "completed foreclosures" rose by 21 percent in the state from last month, but the September numbers are down 5 percent from 2008. According to the Office of the Comptroller of the Currency (OCC), which regulates all national banks, foreclosures are "completed" when the ownership of the properties is transferred to the servicers or investors and the debts are extinguished. The OCC website says the process varies by state and can take up to 15 months to finish. The numbers show Mesa County led the state in foreclosures with a rise of 217 percent over 2008, with Denver County reporting a decrease of 29 percent since this...