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New foreclosure notices in Colorado fell to 23,338 filings during 2011’s first nine months, a 27-percent drop from the same period last year, according to the Colorado Division of Housing.
Foreclosure sales at auction, the event that completes the foreclosure process, were also down during the first nine months of the year, the agency reported.
Auction sales fell 18 percent from 2010’s nine-month total of 19,163 to a total of 15,560 sales reported during the same period of this year.
Foreclosure filing totals for the third quarter of this year were down 24.6 percent, falling to 8,026 this year from 2010’s third-quarter total of 10,640. Foreclosure sales at auction fell 29.8 percent to 4,627 from 2010’s third-quarter total of 6,590.
