» Colorado Foreclosures : Foreclosure Finder Blog

Colorado Foreclosure Numbers Continue To Rise

11.30.07

What is happening with Colorado foreclosures? According to The Rocky Mountain News, the state’s rate of foreclosures continues to rise and set the record at an increase of 60 percent in August. What does that mean to the home buyer here?
If you plan to purchase a home in Colorado, these foreclosure properties continue to be some of the best choices available. Foreclosure property tends to sell far below the value of the property, based on the individual house’s value. With that said, homebuyers are able to snatch up much of this property far below what it is actually worth.
Purchasing property in Colorado right now is a solid investment for the professional real estate investor or the average homeowner. The right home is out there, as the inventory of homes for sale here continues to rise. A quick look at available properties instantly shows the value available to be taken advantage of.

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Colorado Leads Nation in Foreclosure Rates

10.11.06

For the last 6 months Colorado’s foreclosure rate has lead the nation. RealtyTrac recently reported that 1 out of every 301 homes in the state ended up in foreclosure. This isn’t good news for those home owners, but it is great news for anyone looking to buy a cheap home in Colorado. The town of Greeley in Weld county Colorado was hit especially hard. It leads the nation’s 252 largest metropolitan areas in foreclosures. 1 out of every 136 home in the county filed for foreclosure in August. With a 39% increase from the prior month Weld County saw 488 properties move into foreclosure. That works out to 7 times the national average. If you are looking for a good deal on real estate, and want to live in Colorado head to Weld county. There will be more hot deals there than any county in the entire country.

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