Mesa County foreclosure sales doubled in January
By SENTINEL STAFF
Foreclosure filings were down across the state in January compared to January 2013, but in Mesa County foreclosure sales nearly doubled, state officials reported.
Filings statewide remained near an all-time low reported in November 2013, but inched up slightly in January, they said.
January 2014 foreclosure filings were down 34.3 percent from January 2013, dropping from 1,456 to 957, year over year, the Colorado Division of Housing reported.
January 2014 foreclosure sales (completed foreclosures) were also down across the state compared to January 2013 with a decrease of 37.1 percent, dropping from 930 to 585, year over year, officials said.
However, filings rose 19.3 percent from December 2013 to January 2014, and auction sales were up 38 percent over the same period, officials said.
Mesa County reported the highest foreclosure rate during January, while Broomfield County reported the lowest rate, officials said.
Foreclosure filings were down in Mesa County from December to January, dropping from 56 filings to 51 filings, an 8.9 percent decrease, according to the department of housing.
Foreclosures sales, on the other hand, doubled in Mesa County from month to month, going from 29 completed sales in December to 59 completed sales in January, the department reported.
A new state law requires the department of housing to issue a monthly report on foreclosures, officials said.