Well, we all have seen the Colorado Springs real estate news. The media continues to spread Gloom & Doom. But what are the real facts about the current Foreclosure Situation. Here are some recent stats that we think you will find interesting! * 97.4% of all mortgages in the US are current. That means that 2.6% are either late or in foreclosure. It is estimated that .6 are late and 2.0 are in foreclosure. * 75% of all foreclosures occur in 5 states * Florida - heavy investment market Michigan - automobile industry effects California - impacted by soaring values in recent years Nevada - heavy ARM market Arizona - heavy ARM market * The remaining 25% of foreclosures are spread over 45 states. * In Colorado - there currently are 10,000 foreclosures, but many are multiple properties owned by the same person - so there are not 10,000 PEOPLE in default. The cities where there are the most foreclosures in Colorado are Denver and Pueblo.