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Article: Foreclosures decline 11.8% Denver area saw first year-over-year drop in at least 12 years.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- January 14, 2009
- Author:
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Byline: John Rebchook, Rocky Mountain News
At a time when the country is mired in the worst foreclosure crisis since the Great Depression, the Denver area is bucking the trend by seeing the first year- over-year decline in foreclosures in more than a dozen years.
There were 24,494 foreclosures filed with public trustee offices in the seven-county Denver area in 2008, an 11.8 percent drop from the record 27,785 filings in 2007.
Although 2008 was the second-worst year on record, it is a far cry from the 41.5 percent increase in foreclosures posted in 2007 from 2006.
Foreclosures had been rising each year since the mid-1990s, but when the ...