May 5, 2010

More foreclosures in April than March

Foreclosures rose in April, but for the first time this year the filings didn’t set a record high for the month.

Boulder and Broomfield counties reported 160 foreclosure filings in April, up from 152 in March, but down from April 2009, which notched a record high for the month with 172 filings.

Year-to-date, foreclosures are still on a record-high pace with 586 filings through April 30, up 11.8 percent from the same period a year ago.

Foreclosures typically are filed after borrowers are 75 to 90 days late on their mortgage payments. Those homes haven’t necessarily been repossessed yet, but the figures are…

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