Tuesday, July 3, 2012

Clippings, June 2012

Denver Post, June 15: "

"Colorado's completed foreclosures hit five-year low in May" 
 "Foreclosure auction sales have now been down 19 of the last 20 months, comparing year over year, and for now, we can say fewer people have been losing their homes to foreclosure this year when compared to other years since 2007," said Ryan McMaken, spokesman for the Division of Housing.
"On the other hand, filings continue to rise, and since some of those filings will turn into re-possessed homes in the future, we can see that foreclosures haven't gone away yet."

Denver Business Journal, June 15: "

"Colorado urban foreclosure sales down, but filings up, in May"
“Foreclosure auction sales have now been down 19 of the last 20 months, comparing year over year, and for now, we can say that fewer people have been losing their homes to foreclosure this year when compared to other years since 2007,” Ryan McMaken, spokesman with the Colorado Division of Housing, said in a news release. “On the other hand, filings continue to rise, and since some of those filings will turn into repossessed homes in the future, we can see that foreclosures haven’t gone away yet.”