Foreclosures up 20 percent
Year-to-date home foreclosures in Mesa County are approximately 20 percent higher than they were at this time last year, according to the most recent reports compiled by the county trustee.
Through the third quarter this year, there were 343 foreclosures and 74 sales as a result of foreclosures.
Through three quarters a year ago, there were 286 foreclosures and 74 sales as a result of foreclosures.
As of Wednesday, the number had risen to 346 foreclosures this year, with three foreclosures in the last week.
“We are seeing a spurt of them,” Mesa County Trustee Paul Brown said.
Brown said the number of sales as a result of foreclosure has not risen because lenders are working with the troubled borrowers to make payments and keep them in the homes.
“I really do think that’s playing a pretty big role,” Brown said. “The lenders are realizing more and more that with foreclosure they’re put in a situation where they have to work a little bit harder rather than going ahead and foreclosing on the property.
“We’ve been working hard to get information out to borrowers that there are alternatives where they can go in and work with the lenders and sometimes be successful.”