25 Articles match "Colorado","Rate","Trends"

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• FHA Program Linked to High Colorado Foreclosure Rate
  
  An illuminating article in the Denver Post connects the dots between Colorado’s high foreclosure rate and an FHA program gone awry: “Created to extend the dream of homeownership to first-time buyers, the so-called FHA gift program instead has led to rampant foreclosures. Nearly 6,000 FHA loans have wound up in foreclosure in Colorado in the past two years, and during that time the program allowed more than 25 percent of FHA buyers to use gifts as down payments.” The article recounts several stories of homeowners who paid just a few hundred dollars to buy their home, using
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Appreciation Rates Foreshadow Foreclosures
  
  Several of the states with the 10 lowest appreciation rates also posted foreclosure rates among the nation’s 10 highest in the third quarter, according to the RealtyTrac U.S. These states included Michigan, Ohio, Indiana and Colorado. New York and New Hampshire home prices also declined on a quarterly basis. Posted 12-08-2006 7:38 AM by darenb Third-quarter house price appreciation figures released last week by the Office of Federal Housing Enterprise Oversight provide more evidence of a cooling real estate market and further foreshadowing of a continued rise in foreclosures — all pointing to more opportunities for real estate investors to buy low.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Activity Up 7 Percent in March
  
  The March total — which includes default notices, auction sale notices and bank repossessions — was the highest monthly total since RealtyTrac began issuing its report in January 2005 and resulted in a foreclosure rate of one foreclosure filing for every 775 U.S. Nevada documented the highest state foreclosure rate for the month, one foreclosure filing for every 183 households. With 149,150 foreclosure filings reported nationwide in March, U.S. foreclosure activity was up 7 percent from the previous month and 47 percent from a year ago, according to RealtyTracs foreclosure market
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Exceed 100K for Fifth Month
  
  Colorado, Nevada and Georgia posted the nation’s three highest state foreclosure rates despite decreasing foreclosure activity in all three states. Colorado’s foreclosure rate of one new foreclosure filing for every 376 households was nearly three times the national average. Foreclosure Rates - December 2006 Posted 01-16-2007 8:07 AM by darenb U.S. foreclosure activity dropped 9 percent in December, backing down from a November foreclosure total that was the year’s highest.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• CO Gives Owners More Time to Fix Foreclosure
  
  gives Colorado homeowners who enter foreclosure more time to “cure” the loan in foreclosure before the public foreclosure sale. In the past, Colorado homeowners had 45 to 60 days from the commencement of foreclosure proceedings — initiated by what is called a notice of election and demand — to cure the loan by making all past-due payments along with late charges and other costs. For that reason, about the only way to pull off a redemption is to A state law that took effect Jan. 1
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Up Across the Board in November
  
  The national foreclosure rate of one new foreclosure filing for every 961 households represented a 4 percent increase from the previous month and a 68 percent increase from November 2005. With one new foreclosure filing for every 346 households Nevada moved past Colorado to claim the top state foreclosure rate. View full report. Posted 12-18-2006 2:01 Foreclosures hit their highest level of the year so far in November, with 120,334 new foreclosure filings reported nationwide during the month, according to the RealtyTrac U.S. Foreclosure Market
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Priced to Foreclose
  
  A new report shows a strong correlation between slow home priceappreciation and high foreclosure rates, although its clear thecorrelation does not involve a direct cause-and-effect relationship. homes are appreciating at the slowest quarterly rate since the firstquarter of 2004. Many of the states near thebottom of that list -- namely Michigan, Ohio, Indiana, Colorado, Texas The Office of Federal Housing Enterprise Oversight (thank goodness for acronyms) on Thursday released home price appreciation statistics for the first quarter of 2006, which show that U.S. The
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Begin 2007 at Two-Year High
  
  That was up 19 percent from the previous month and up 25 percent from January 2006. After dominating the headlines with the highest state foreclosure rate for much of 2006, Colorado’s foreclosure rate dropped to fourth highest among the states thanks to a slight decrease in foreclosure activity in January. Michigan and Georgia ranked second and third among the states in terms of foreclosure rate. New foreclosure activity in January hit its highest level since RealtyTrac began issuing a national foreclosure report two years ago, with 130,511 new foreclosure filings reported during the month.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• U.S. Foreclosure Activity Surges in First Quarter
  
  The report documents a total of 437,498 foreclosure filings, which include default notices, auction notices and bank repossessions, during the quarter and a quarterly foreclosure rate of one foreclosure filing for every 264 households — the highest quarterly foreclosure rate since RealtyTrac began issuing its report more than two years ago. Nevada reported the highest state foreclosure rate during the quarter, with one foreclosure filing for every 75 households — 3.5 U.S. foreclosure activity in the first quarter of 2007 was up 35 percent from the first quarter of 2006, according
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Don't Back Down in September
  
  September’s foreclosure rate of one new foreclosure filing for every 1,030 households was the third highest monthly foreclosure rate year to date, behind only the foreclosure rates reported in August and February. Colorado, Nevada and Michigan posted the highest state foreclosure rates, and California reported the most foreclosure activity of any state in terms of sheer numbers. Foreclosure activity in September didn’t back down much from the jump reported in the previous month, RealtyTrac reported today. RealtyTrac’s monthly foreclosure report shows 112,210
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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