Fort Collins Foreclosure Market Report For September 2011
So, it looks like foreclosure activity is picking up again. Data released by RealtyTrac Thursday shows the first rise in foreclosure filings since January, with all of the increase coming from new default notices.
James Saccacio, RealtyTrac’s CEO, says the big increase in new foreclosure actions is a sign lenders are pushing foreclosures through and foreshadows more bank repossessions in the coming months.
Despite the nationwide decrease, scheduled auctions were up substantially for Colorado at 51% from the previous month.
According to RealtyTrac, 1 in every 439 homes in Colorado in in some stage of foreclosure. That number is a bit less in Larimer County with 1 in every ....read more.