Colorado foreclosures fall 24 percent in May

DENVER — Foreclosures in Colorado are continuing to fall.

According to the Colorado Division of Housing, they fell 24 percent in May compared to last year.

The department says May was the sixth consecutive month during which both filings and sales were down when compared to the same month a year earlier.

Division of Housing spokesman Ryan McMaken says lenders and servicers have been proceeding slowing the foreclosure process during the past seven or eight months and there are less foreclosures to report.



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