DENVER-
Nearly 9,300 housing foreclosure filings were submitted in the first quarter, putting Colorado on pace to log a 25 percent increase in foreclosures at year end, according to a state study released Wednesday.
Public trustees in 51 of Colorado’s 64 counties reported 9,254 foreclosure filings from January to March, indicating one in every 385 households were in foreclosure, the Colorado Division of Housing report concluded.
The first-quarter results were equal to one-third of all filings in 2006, when 28,453 were recorded statewide. If the filings continue at the same pace, the foreclosures could increase 25 percent to 36,000 for 2007, the report showed.
Counties with the highest number of foreclosures were concentrated along the Front Range: Adams, Arapahoe, Denver, Pueblo and Weld.
Weld County, in northern Colorado, had the highest number of filings, equivalent to one in 98, and Adams County in metropolitan Denver came in second with one out of every 124 households in foreclosure, the study showed.
Foreclosure rates were lower in Western Colorado, where Mesa County’s foreclosure rate for the quarter was one in 505; Summit County, one in 680; and La Plata County, one in 1,126.
Division officials compiled the survey at the request of the Colorado Blue Ribbon Panel on Housing and the Colorado Foreclosure Prevention Task Force.
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