Garfield County dodges foreclosure bullet | PostIndependent.com

Garfield County dodges foreclosure bullet

Staff ReportGlenwood Springs, CO Colorado

The second quarter of 2007 saw 10,017 new foreclosure filings in Colorado, but Garfield County fared better than many counties.Garfield County had one filing per 506 households. La Plata County, also on the Western Slope, reported only one filing per 479 households. Statewide, the average was one filing per 181 households recorded over the first six months of 2007.According to statistics on the Colorado Division of Housing Web site, Garfield County had 18 foreclosures in the first quarter and 19 in the second. La Plata increased from 17 foreclosures to 23 in the second quarter. Eagle County jumped from 14 to 45 in the second quarter. Mesa County dropped from 102 to 89, and Pitkin County went from zero to three.The total number of foreclosures in the state for 2007 is 19,460 for the first six months of the year. The new statistics were announced earlier this week by the Colorado Division of Housing.The report showed that foreclosure filings increased 6 percent from the first quarter to the second, and that the state is on pace to see a 25 percent increase in foreclosure filings this year, topping 36,000 by year’s end. For 2006, 28,435 foreclosures were reported. Most of the growth in foreclosure filings was found in Adams and Denver counties. Adams County filings increased 19 percent from 1,456 to 1,734 over the last two quarters. Denver County filings increased 11 percent from 1,940 to 2,151. In many counties, there was little growth in foreclosure filings between the first and second quarters.


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