Mesa County foreclosures up in 2009
Completed foreclosures are up 83 percent in Mesa County, and foreclosure filings are up 47 percent for the first quarter this year, compared to the first quarter in 2008, according to numbers released Monday by the Colorado Department of Local Affairs Housing Division.
Forty-four homes in Mesa County completed foreclosure and went to sale in the first three months of this year; 175 households filed for foreclosure in the same time period.
The Housing Division’s report said the jump in foreclosures in Mesa County likely was because of a softening in the housing market in response to diminished oil and gas development in the region. Mesa County posted the highest percentage gains in both categories of the 12 main metropolitan areas in Colorado.
Statewide, completed foreclosures down 26 percent and filings down 8 percent in the first quarter.
Even with the sharp increase, Mesa County’s overall rate of completed foreclosures is a fraction of the rate for many of the counties on the Front Range. Mesa County had one completed foreclosure for every 1,260 households in the first quarter; Denver had one completed foreclosure for every 352 households.
The state average for the first quarter was one foreclosure for every 434 households.