Colorado foreclosure laws - New Regulations will be applied until January 1st 2008
As some of you know that Colorado foreclosure's laws are going to change on July 1 2007, will it be a benefit for investors? We will see, the Number of Colorado foreclosures continued to increase in 2006 over 2005. Colorado led the nation with the highest Colorado foreclosure rate for over half of 2006 and is currently ranked second in the nation behind Nevada. Colorado also ranks very high nationally for properties that contain little or no equity and for interest only loans where borrowers have encumbered their property at 100%, 110% or 125% of its value.
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