Colorado ranks 1st in foreclosures
Colorado ranked No. 1 nationally in the number of home foreclosures filed in August, according to a report released Wednesday.
RealtyTrac Inc.'s latest foreclosure market report said the news nationwide is gloomy.
Its August foreclosure report shows that nationwide 115,292 properties entered some stage of foreclosure during the month, a 24-percent increase from the previous month and an increase of nearly 53 percent from August 2005.
The report also shows a national foreclosure rate of one new foreclosure filing for every 1,003 U.S. households, the second highest monthly foreclosure rate reported year to date.
James J. Saccacio, chief executive officer of RealtyTrac said the August rate could reflect the start of a negative trend.
"After spiking early in the year, U.S.
August 27th, 2008 03:27 PM
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