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Colorado 8th in July foreclosures

Real Estate News From the We Buy Houses
Colorado’s foreclosure rate was the eighth-highest in the nation in July, down from seventh place in June, according to data released Thursday by RealtyTrac Inc. 

Colorado had 5,376 properties in foreclosure in July, or one in every 390 households, according to RealtyTrac, an Irvine, Calif.-based marketer of foreclosure properties. Colorado’s foreclosure rate was down 9.19 percent from July 2007, but up 10.21 percent from June.

Nationwide, foreclosure filings were up 55 percent year over year in July, to 272,171 properties. One in every 464 U.S. households experienced a foreclosure filing in June, according to the data.

Nevada had the nation’s highest foreclosure rate for the 19th consecutive month. It was followed, in order, by California, Florida, Arizona, Ohio, Georgia, Michigan, Colorado, Utah and Virginia.

Colorado held the top spot on the survey for nine months in 2006, but was overtaken by Nevada in early 2007.

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