Larimer foreclosures rose 30 percent through November over 2008

A report by the Colorado Department of Local Affairs Division of Housing shows the number of foreclosure filings in Larimer County through November increased by 30 percent compared to the same period in 2008.

The report said there were 1,947 foreclosure filings in Larimer County through November compared to 1,493 in 2008. Weld County had an 18 percent increase in its foreclosure filings through November, with 2,581 in 2008 and 3,036 this year.

Among the state’s most populous 12 counties, there were 36,628 filings this year compared to 32,744 last year, a 12 percent increase.

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Foreclosure sales at auction in the 12 most populous counties fell by 13 percent through November compared to the previous year. In Northern Colorado, foreclosure sales fell by 4 percent in Larimer County, with 727 sales compared to 759 last year. Sales held steady in Weld County with 1,448 this year and 1,449 last year.

“At this point, it appears very unlikely that the number of completed foreclosure filings will reach the totals set in 2007 and 2008,´ said Ryan McMaken, Colorado Division of Housing spokesman. “November was a relatively light month for foreclosures, but with the new foreclosure filings still up compared to last year, foreclosures will continue to be a challenge.”