Colorado foreclosures down, fewer than 4,000 over the last year

Colorado is still locked in a five-way tie for lowest percentage of homes in foreclosure among mortgaged homes.

staff photo
Stapleton residences under downtown Denver's skyline. (Kevin J. Beaty/Denverite)

Stapleton residences under downtown Denver's skyline. (Kevin J. Beaty/Denverite)

Colorado is still locked in a five-way tie for lowest percentage of homes in foreclosure among mortgaged homes, according to the latest report from Corelogic. That means only 3,775 homes are in the process of foreclosure in the whole state. 

Denver has only 971 of those homes. That’s a decrease of 37.7 percent from last year. The relative strength of the city’s housing market has the serious delinquency rate down to .9 percent, so I wouldn’t expect a huge spike in foreclosures in the near future, either.

Homes in foreclosure are a popular target for real estate developers, but without a supply to draw on, practices like fixing and flipping have started to change.

Hi! You’re like us!

Looks like you’re the type of person who reads to the ends of articles! Well, true believer, you might really like our morning newsletter. It’s quick, free and gets you up to speed on the important and delightful things happening right here in Denver.

Thanks for reading another Denverite story

Does Denverite help you feel more connected to what’s up in your area? Do you want to be a part of it?

Member donations are critical to our continued existence and growth.

You’re our superpower

Denverite supporters have made the decision to financially support local journalism that matters to you. Ready to tell your networks why? Sharing our “About” page with your own personal comments could really help us out.

You’re our superpower

Denverite members have made the decision to financially support local journalism that matters to you. Ready to tell your networks why? Sharing our “About” page with your own personal comments could really help us out.