Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Colorado Springs-area foreclosure activity slows in April

May 5, 2014 Updated: May 5, 2014 at 5:35 pm
0

Local foreclosure activity fell last month after an unexpected surge during the first quarter of the year.

Foreclosure filings totaled 167 in April, a 3.5 percent drop from the same month last year and a 17.3 percent decline from March, a recent report by the El Paso County Public Trustee's Office showed.

In Colorado, a foreclosure filing begins the process that can lead to the loss of a home or other property if an owner is unable to resolve the situation with a lender.

Even with April's decline, foreclosure filings for the year are running ahead of last year. Filings hit 751 for the first four months of 2014, a 4 percent increase over the same period in 2013, according to the Public Trustee's report.

At the same time, the Public Trustee's Office is seeing far fewer releases of deeds. Releases take place when an owner sells property, pays off a mortgage or refinances - all positive steps. In April, the Public Trustee's Office recorded 1,926 releases, a 55.6 percent decline from the same month last year.

During the first four months of 2014, releases totaled 8,015 - a 54.3 percent drop over the same period last year.

-

Contact Rich Laden: 636-0228

Twitter @richladen

Facebook Rich Laden

Comment Policy
Register to the Colorado Springs Gazette
Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Subscribe to the Colorado Springs Gazette

Some news is free.
Exceptional journalism takes time, effort and your support.

Already a Subscriber? LOGIN HERE

articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.