Colorado foreclosures dive in October
From "Colorado foreclosures dive in October"
, The Denver Post
, October 25, 2013.
Foreclosure filings are the initial filings that begin the foreclosure process, and foreclosure auction sales totals are the total number of foreclosures that have been sold at auction at the end of the foreclosure process.
"October's drop was the largest year-over-year decline we've seen in the seven-year history of the report," said Ryan McMaken, an economist for the Colorado Division of Housing.
"Foreclosure activity is quickly moving toward what we consider to be a 'normal' rate," McMaken said.