Housing officials: It's getting easier to avoid foreclosure in Colorado

Foreclosure sales drop in first 3 quarters

foreclosure-sign-in-front-of-house-generic-25306617.jpg

Posted: 11/08/2012
Last Updated: 197 days ago

DENVER - It's getting easier to avoid foreclosure by using a short sale or a conventional sale because of the improving housing market, a Colorado Division of Housing official says.

Ryan McMaken says foreclosure sales fell nearly 24 percent in the first three quarters of 2012, compared with the same period last year.

According to the Denver Post, there were about 12,000 foreclosure auction sales through September, compared to more than 15,000 in the first nine months of 2011.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Report a typo or inaccuracy

If you have a news tip or a follow-up to this story, e-mail us.

Trending Now