Foreclosures Slow nationwide and Colorado Sees sharper decline

Foreclosures Slow Nationwide

Colorado is one of four in the top ten foreclosure problem states where foreclosure filings finally seems to be slowing. According to RealtyTrac, filings were up 27 percent since last year, but this has barely been seen in recent months. Factors contributing to this seem to be state legislation giving borrowers more time before foreclosure proceedings as well as the encouragement of alternative short sales. However, in many cases these measures may only delay foreclosures.

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Posted on September 18, 2008 15:59:01 by Blog Author