Report: Foreclosure rates fall in Greeley, Fort Collins-Loveland markets

SANTA ANA, Calif. — Foreclosure rates across Northern Colorado fell in June compared to the same month in 2010, according to a report by California-based CoreLogic.

The rate of foreclosure fell more in Greeley in June, when the rate of foreclosure on outstanding mortgage loans was 1.93 percent, a decline of 0.33 percent from the June 2010 rate of 2.26 percent, according to CoreLogic.

The foreclosure rate also fell in the Fort Collins-Loveland area in June, dropping by 0.03 percent to 1.07 percent from 1.10 percent a year earlier.

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In both markets, the mortgage delinquency rate also declined, the report said.

In Greeley, 5.08 percent of mortgage loans were 90 or more days delinquent compared to 6.20 percent in June 2010.

The mortgage delinquency rate also decreased in Fort Collins-Loveland, coming in at 2.72 percent in June compared to 3.23 percent in June 2010.

For the state of Colorado in June, the foreclosure rate was 1.61 percent and the national foreclosure rate was 3.46 percent, according to the monthly report.