Comment on Colorado foreclosures up slightly in July

Colorado foreclosures up slightly in July

Banks took possession of more Colorado homes in July than one year ago, which adds homes to housing inventory. But the number of new foreclosure starts this month is down, signaling a short lived burst in that inventory. In July, the number of bank repossessions was up 41 percent from a year ago, which, combined with the number of new foreclosure starts, showed Colorado’s overall foreclosure rate up 2 percent from last July, according to RealtyTrac’s July 2015 U.S.

 

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