2015_2ndq foreclosure report

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1 2nd Quarter 2015 Foreclosure Report The Colorado Division of Housing is a division of the Colorado Department of Local Affairs September 28, 2015 Summary and Methods In response to recommendations from the Colorado Blue Ribbon Panel on Housing and the Colorado Foreclosure Prevention Task Force, the Colorado Division of Housing has compiled the attached information regarding foreclosures in Colorado. During the 2009 legislative session, the legislature passed, and the governor signed, House Bill 1197 which mandates that the foreclosure totals contained in this report be considered the official foreclosure statistics of the state of Colorado. The legislation also required that statistics on cures now be included and that Public Trustees submit the required information to the Division of Housing. These statistics have been collected to provide as accurate a view as possible of foreclosures in Colorado and to determine which regions of the state are most heavily impacted by foreclosures. The data is provided on a county-by-county basis and is based on foreclosure data reported by the Public Trustee’s office of each county. This report seeks to provide two essential pieces of information: Foreclosure Filing Statistics: The recording of the notice of election and demand (NED) is the event that begins the foreclosure process. In general, when a borrower is at least 3 months delinquent and in default, the lender will file an NED with the public trustee and the borrower will receive notice of the initial sale date. This notice will be sent from the public trustee’s office in the county in which the property is located, and at this point, the property is in foreclosure. The Public Trustee filings provide an objective measure of how many foreclosure proceedings have been initiated in a given county. Such filings can be “cured” and “withdrawn” before the property is sold at auction, meaning that not all foreclosure filings result in a final foreclosure sale. However, Public Trustee numbers are a useful indicator of the number of loans in a county that have become

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Page 1: 2015_2ndQ Foreclosure Report

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2nd Quarter 2015 Foreclosure Report

The Colorado Division of Housing is a division of the Colorado Department of Local Affairs

September 28, 2015

Summary and Methods

In response to recommendations from the Colorado Blue Ribbon Panel on Housing and the Colorado

Foreclosure Prevention Task Force, the Colorado Division of Housing has compiled the attached

information regarding foreclosures in Colorado.

During the 2009 legislative session, the legislature passed, and the governor signed, House Bill 1197

which mandates that the foreclosure totals contained in this report be considered the official

foreclosure statistics of the state of Colorado. The legislation also required that statistics on cures

now be included and that Public Trustees submit the required information to the Division of

Housing.

These statistics have been collected to provide as accurate a view as possible of foreclosures in

Colorado and to determine which regions of the state are most heavily impacted by foreclosures. The

data is provided on a county-by-county basis and is based on foreclosure data reported by the Public

Trustee’s office of each county.

This report seeks to provide two essential pieces of information:

Foreclosure Filing Statistics:

The recording of the notice of election and demand (NED) is the event that begins the foreclosure

process. In general, when a borrower is at least 3 months delinquent and in default, the lender will

file an NED with the public trustee and the borrower will receive notice of the initial sale date. This

notice will be sent from the public trustee’s office in the county in which the property is located, and

at this point, the property is in foreclosure.

The Public Trustee filings provide an objective measure of how many foreclosure proceedings have

been initiated in a given county. Such filings can be “cured” and “withdrawn” before the property is

sold at auction, meaning that not all foreclosure filings result in a final foreclosure sale. However,

Public Trustee numbers are a useful indicator of the number of loans in a county that have become

Page 2: 2015_2ndQ Foreclosure Report

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seriously delinquent, and they provide insights into the overall health of the real estate market within

that county.

We should note that in addition to single-family homes, condominiums, and townhomes, NED

statistics include filings on agricultural, industrial, commercial, and multifamily properties. Vacant

land is included as well.

Foreclosure Sale Statistics: Approximately 110-125 days after the initial filing, the property may

be sold at the Public Trustee auction to a third party or to the mortgage company. Once the

foreclosure sale takes place, eviction proceedings will proceed during the next several weeks.

As listed below, the foreclosure filings number and the foreclosure auction sales number are two

independent numbers. In other words, the properties that went to final sale during the current quarter

are not the same properties which entered the foreclosure process the same quarter. For example,

among properties that went to sale during a given quarter, a large portion of those foreclosures were

filed at least four months earlier, meaning a foreclosure filing and foreclosure sale do not occur

within the same quarter. The period between the foreclosure filing and the foreclosure sale at auction

is legally at least 110 days, but in some cases, this period may actually last much longer.

Why are both numbers important?

The foreclosure filings number provides a view of how many borrowers have become seriously

delinquent on their loans. Foreclosure filings provide a good guide to foreclosure activity in a given

county, and while a property may be withdrawn from the foreclosure process after a filing is made,

the filings statistics nevertheless indicate where borrowers are delinquent and in default.

The foreclosure sale numbers generally indicate how many borrowers have lost all equity in the

property as the result of it being sold to another party at auction, including the mortgage company,

an investor, or others. Many households in the foreclosure process lose their properties through a

variety of processes such as short sales and deed-in-lieu-of-foreclosure agreements. Losing the

property through a foreclosure sale, however, is generally most damaging to the credit of the

borrower, and foreclosure (unless the property is sold at auction for more than the value of the loan)

does not allow for the borrower to preserve any of the equity he or she might still have in that

property.

Study Findings

During the second quarter of 2015, Colorado public trustees reported 2,282 foreclosure filings and

1,063 sales at auction (completed foreclosures). During the second quarter of 2014, there were

2,821 filings and 1,619 sales. Comparing year-over-year for the second quarter, foreclosure filings

fell 19.1 percent and completed foreclosures fell 34.3 percent.

Comparing the second quarter of 2015 to the first quarter of 2015, foreclosure filings rose 21.9

percent from 1,872 to 2,282. Foreclosure sales fell 7.2 percent from 1,145 to 1,063 during the same

period.

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During the first six months of 2015, there were 4,154 filings and 2,208 sales. For the same period of

2014, there were 6,259 filings and 3,327 sales. Comparing year over year, both filings and sales fell

33.6 percent.

Below is a time series showing quarterly totals in foreclosure filings and sales. The large dip in sales

shown during the second quarter of 2008 can be attributed to a change in the foreclosure time line

that took effect on January 1, 2008 and led to a large temporary dip in the number of foreclosure

sales during March, April, and May of that year.

Graph 1: Quarterly Foreclosure Filings vs. Sales at Auction:

Page 4: 2015_2ndQ Foreclosure Report

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Graph 2: Annual Foreclosure Totals (2015 is YTD):

Note: Annual totals are available since 2003, but quarterly totals are only available since 2007.

Table 1: Foreclosure Filings

Year Foreclosure Filings

2003 14,858

2004 18,127

2005 22,894

2006 28,435

2007 39,920

2008 39,333

2009 46,394

2010 42,692

2011 31,975

2012 28,579

2013 15,333

2014 11,235

2015 (Jan-Jun) 4,154

Page 5: 2015_2ndQ Foreclosure Report

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Table 2: Foreclosure Sales at Auction

Year Foreclosure Sales

2003 8,239

2004 10,566

2005 13,642

2006 17,451

2007 25,054

2008 21,306

2009 20,437

2010 23,891

2011 19,617

2012 15,903

2013 9,318

2014 6,003

2015 (Jan-Jun) 2,208

County Statistics

Trends in different counties throughout the state vary considerably. The 12 metropolitan counties in

Colorado now account for slightly more than 82 percent of all foreclosure filings activity in

Colorado. However, in 2007 the 12 metropolitan counties accounted for more than 90 percent of

foreclosure activity in Colorado, indicating that foreclosure activity outside the metropolitan areas

has become relatively more common.

Aggregate statewide totals and trends do not necessarily reflect changes in foreclosure totals at the

county level as county-level changes were not uniform throughout the state.

The map below shows foreclosure rates in each county. Categories reflect proportions of households

completing the foreclosure process.

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Map 1: Foreclosure rates in Colorado counties, 2nd Quarter 2015

Foreclosure rates are split into 4 categories: 1. (burgundy) More than 0.5 percent of all households. 2. (green) From .25 up to and including .50 percent of all households. 3. (orange) From 0.1 up to and including 0.25 percent of all households. 4. (yellow) 0.1 percent, or less, of all households.

Rates of foreclosure for each county are listed in Table 3 of the appendix.

Statewide, there was approximately 1 completed foreclosure (foreclosure sale) per 1,926 households

for the second quarter of 2015. The map shows that there are few hot spots for foreclosure left in

Colorado, and those that remain, such as Las Animas County, are small markets where foreclosure

rates can move up and down quickly.

Pueblo County was the only metropolitan county found among the counties with the top ten

foreclosure rates. Most of the counties in the top ten were mountain and rural counties including

Delta, Las Animas, and Fremont counties.

Page 7: 2015_2ndQ Foreclosure Report

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Pueblo and Mesa counties reported the highest foreclosure rates of the metropolitan counties. Pueblo

County reported a foreclosure rate of one foreclosure per 608 households while Mesa County

reported a rate of 1 foreclosure per 756 households. See Table 3 for full listing.

Broomfield County reported the lowest foreclosure rate among metropolitan counties with 1

completed foreclosure per 7,595 households.

It is important to note that counties with small populations are also prone to very volatile foreclosure

rates as a small rise or fall in the total number of foreclosures can significantly change the

foreclosure rate in a small county for a quarter.

Future Outlook

Foreclosure activity decreased significantly during the first half of 2015, and brought Colorado to

the lowest foreclosure levels experienced since 2004. If the second quarter’s current foreclosure

trends persist in 2015, 2015 will look similar to 2014 in terms of foreclosure activity. This will mean

that foreclosure totals in 2014 would remain near a 10-year low.

Methods

The Colorado Division of Housing has sought to collect foreclosure information on all 64 counties.

Data is collected directly from the Public Trustee’s office in each county. Some numbers in this

report reflect corrections made to statistics reported in earlier reports.

The per-household calculation for each county is based on 2012 (the most recent year available)

estimates of occupied households provided by the Colorado State Demographer.

The household number is that of “total occupied housing units” in each county. Owner-occupant

totals are only available for a minority of Colorado counties, so for purposes of consistency across

all counties, occupied housing unit totals are used.

The Colorado Division of Housing wishes to acknowledge the invaluable assistance of Carol Snyder,

the former Public Trustee of Adams County, Robert Sagel, the Public Trustee of Morgan County,

and the Public Trustee Association, although neither Ms. Snyder, Mr. Sagel, nor the Association

bear any responsibility for any errors or for the conclusions and analysis contained in this summary.

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Appendices Table 3: Foreclosure rates based on the number of occupied housing units per completed foreclosure and percentage of all occupied housing units. 2013 household numbers are the most recent available.

County

Households (2013 estimates)

2015 2nd Q Foreclosure Sales

Foreclosure Rate by Percentage

Foreclosure Rate by No. of Households per Completed Foreclosure

Dolores 876 3 0.34% 292 Las Animas 5,916 16 0.27% 370 Delta 12,503 23 0.18% 544 Fremont 16,475 29 0.18% 568 Pueblo 63,795 105 0.16% 608 Moffat 5,183 8 0.15% 648 Saguache 2,693 4 0.15% 673 Grand 6,219 9 0.14% 691 Clear Creek 4,191 6 0.14% 699 Lake 2,947 4 0.14% 737 Garfield 20,709 28 0.14% 740 Mesa 58,241 77 0.13% 756 Gilpin 2,527 3 0.12% 842 Bent 1,690 2 0.12% 845 Rio Blanco 2,684 3 0.11% 895 Routt 9,868 11 0.11% 897 Custer 1,943 2 0.10% 972 Teller 9,774 10 0.10% 977 Ouray 2,065 2 0.10% 1033 Otero 7,609 7 0.09% 1087 Logan 7,905 7 0.09% 1129 Morgan 10,351 9 0.09% 1150 El Paso 248,851 201 0.08% 1238 Archuleta 5,304 4 0.08% 1326 Montrose 16,274 12 0.07% 1356 Eagle 19,268 14 0.07% 1376 Huerfano 3,020 2 0.07% 1510 Montezuma 10,590 7 0.07% 1513 Rio Grande 4,680 3 0.06% 1560 Baca 1,630 1 0.06% 1630 Adams 163,191 86 0.05% 1898 Lincoln 1,930 1 0.05% 1930 Washington 1,961 1 0.05% 1961 Weld 95,363 47 0.05% 2029 Alamosa 6,143 3 0.05% 2048

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Arapahoe 237,614 102 0.04% 2330 Prowers 4,808 2 0.04% 2404 Summit 12,028 5 0.04% 2406 Pitkin 8,258 3 0.04% 2753 Elbert 8,596 3 0.03% 2865 Conejos 3,107 1 0.03% 3107 La Plata 21,853 7 0.03% 3122 Gunnison 6,575 2 0.03% 3288 Park 7,168 2 0.03% 3584 Jefferson 225,279 58 0.03% 3884 Douglas 109,365 28 0.03% 3906 Larimer 126,864 28 0.02% 4531 Denver 285,044 51 0.02% 5589 Boulder 125,225 17 0.01% 7366 Broomfield 22,785 3 0.01% 7595 Chaffee 7,864 1 0.01% 7864 Cheyenne 809 0 0.00% n/a Hinsdale 344 0 0.00% n/a Kiowa 621 0 0.00% n/a Kit Carson 3,057 0 0.00% n/a Mineral 359 0 0.00% n/a Philips 1,779 0 0.00% n/a San Juan 338 0 0.00% n/a Costilla 1,542 0 0.00% n/a Crowley 1,241 0 0.00% n/a Jackson 630 0 0.00% n/a San Miguel 3,589 0 0.00% n/a Sedgwick 1,074 0 0.00% n/a Yuma 3,981 0 0.00% n/a

Total 2,046,871 1,063 0.05% 1,926

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Table 4: Percent change in year-over-year foreclosure filings and sales:

Counties 2014 Q2

Filings 2015 Q2

Filings

Percent Change

2014 Q2 Sales

2015 Q2 Sales

Percent Change

Adams 293 202 -31.1 155 86 -44.5

Alamosa 9 9 0.0 6 3 -50.0

Arapahoe 355 269 -24.2 159 102 -35.8

Archuleta 9 6 -33.3 4 4 0.0

Baca 0 1 n/a 1 1 0.0

Bent 1 4 300.0 1 2 100.0

Boulder 75 69 -8.0 27 17 -37.0

Broomfield 17 5 -70.6 5 3 -40.0

Chaffee 7 7 0.0 5 1 -80.0

Cheyenne 0 3 n/a 0 0 n/a

Clear Creek 2 4 100.0 7 6 -14.3

Conejos 1 1 0.0 1 1 0.0

Costilla 0 5 n/a 1 0 -100.0

Crowley 4 3 -25.0 2 0 -100.0

Custer 7 5 -28.6 1 2 100.0

Delta 36 23 -36.1 15 23 53.3

Denver 317 206 -35.0 141 51 -63.8

Dolores 2 3 50.0 1 3 200.0

Douglas 114 79 -30.7 59 28 -52.5

Eagle 19 18 -5.3 12 14 16.7

Elbert 13 12 -7.7 8 3 -62.5

El Paso 425 403 -5.2 266 201 -24.4

Fremont 38 33 -13.2 38 29 -23.7

Garfield 38 32 -15.8 18 28 55.6

Gilpin 4 1 -75.0 5 3 -40.0

Grand 14 11 -21.4 16 9 -43.8

Gunnison 7 7 0.0 6 2 -66.7

Hinsdale 0 0 n/a 0 0 n/a

Huerfano 8 11 37.5 5 2 -60.0

Jackson 1 0 -100.0 1 0 -100.0

Jefferson 239 176 -26.4 128 58 -54.7

Kiowa 0 0 n/a 0 0 n/a

Kit Carson 0 4 n/a 0 0 n/a

La Plata 21 11 -47.6 5 7 40.0

Lake 4 7 75.0 2 4 100.0

Larimer 107 92 -14.0 34 28 -17.6

Las Animas 17 11 -35.3 15 16 6.7

Lincoln 3 2 -33.3 1 1 0.0

Logan 4 10 150.0 4 7 75.0

Mesa 103 117 13.6 92 77 -16.3

Mineral 2 0 -100.0 0 0 n/a

Moffat 12 21 75.0 12 8 -33.3

Montezuma 17 6 -64.7 10 7 -30.0

Montrose 33 24 -27.3 18 12 -33.3

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Morgan 13 19 46.2 12 9 -25.0

Otero 14 6 -57.1 14 7 -50.0

Ouray 3 4 33.3 1 2 100.0

Park 19 7 -63.2 29 2 -93.1

Philips 1 1 0.0 0 0 n/a

Pitkin 7 6 -14.3 1 3 200.0

Prowers 10 4 -60.0 4 2 -50.0

Pueblo 156 142 -9.0 121 105 -13.2

Rio Blanco 7 11 57.1 1 3 200.0

Rio Grande 7 3 -57.1 5 3 -40.0

Routt 17 16 -5.9 10 11 10.0

Saguache 1 5 400.0 2 4 100.0

San Juan 1 0 -100.0 1 0 -100.0

San Miguel 7 2 -71.4 4 0 -100.0

Sedgwick 1 1 0.0 0 0 n/a

Summit 13 8 -38.5 29 5 -82.8

Teller 15 23 53.3 13 10 -23.1

Washington 4 2 -50.0 1 1 0.0

Weld 144 105 -27.1 80 47 -41.3

Yuma 3 4 33.3 4 0 -100.0

Totals 2821 2282 -19.1 1619 1063 -34.3

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Table 5: Percent change from 1st Q 2015 to 2nd Q 2015:

Counties 2015 1st

Q Filings 2015 2nd Q Filings

Percent Change

2015 1st Q Sales

2015 2nd Q Sales

Percent Change

Adams 184 202 9.8 90 86 -4.4

Alamosa 5 9 80.0 8 3 -62.5

Arapahoe 195 269 37.9 109 102 -6.4

Archuleta 10 6 -40.0 4 4 0.0

Baca 1 1 0.0 1 1 0.0

Bent 3 4 33.3 3 2 -33.3

Boulder 51 69 35.3 19 17 -10.5

Broomfield 12 5 -58.3 3 3 0.0

Chaffee 3 7 133.3 3 1 -66.7

Cheyenne 0 3 n/a 0 0 n/a

Clear Creek 4 4 0.0 5 6 20.0

Conejos 1 1 0.0 1 1 0.0

Costilla 2 5 150.0 1 0 -100.0

Crowley 2 3 50.0 2 0 -100.0

Custer 5 5 0.0 5 2 -60.0

Delta 24 23 -4.2 20 23 15.0

Denver 162 206 27.2 71 51 -28.2

Dolores 1 3 200.0 1 3 200.0

Douglas 74 79 6.8 33 28 -15.2

Eagle 21 18 -14.3 10 14 40.0

Elbert 5 12 140.0 10 3 -70.0

El Paso 312 403 29.2 202 201 -0.5

Fremont 31 33 6.5 30 29 -3.3

Garfield 20 32 60.0 23 28 21.7

Gilpin 1 1 0.0 4 3 -25.0

Grand 13 11 -15.4 4 9 125.0

Gunnison 3 7 133.3 6 2 -66.7

Hinsdale 1 0 -100.0 0 0 n/a

Huerfano 8 11 37.5 4 2 -50.0

Jackson 0 0 n/a 1 0 -100.0

Jefferson 136 176 29.4 74 58 -21.6

Kiowa 1 0 -100.0 0 0 n/a

Kit Carson 1 4 300.0 0 0 n/a

La Plata 15 11 -26.7 4 7 75.0

Lake 3 7 133.3 4 4 0.0

Larimer 57 92 61.4 36 28 -22.2

Las Animas 21 11 -47.6 10 16 60.0

Lincoln 2 2 0.0 1 1 0.0

Logan 3 10 233.3 5 7 40.0

Mesa 108 117 8.3 64 77 20.3

Mineral 0 0 n/a 0 0 n/a

Moffat 10 21 110.0 7 8 14.3

Page 13: 2015_2ndQ Foreclosure Report

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Montezuma 11 6 -45.5 6 7 16.7

Montrose 23 24 4.3 17 12 -29.4

Morgan 14 19 35.7 5 9 80.0

Otero 15 6 -60.0 4 7 75.0

Ouray 1 4 300.0 2 2 0.0

Park 12 7 -41.7 10 2 -80.0

Philips 1 1 0.0 0 0 n/a

Pitkin 5 6 20.0 3 3 0.0

Prowers 7 4 -42.9 3 2 -33.3

Pueblo 115 142 23.5 110 105 -4.5

Rio Blanco 4 11 175.0 5 3 -40.0

Rio Grande 8 3 -62.5 5 3 -40.0

Routt 9 16 77.8 9 11 22.2

Saguache 3 5 66.7 5 4 -20.0

San Juan 0 0 n/a 0 0 n/a

San Miguel 4 2 -50.0 3 0 -100.0

Sedgwick 2 1 -50.0 2 0 -100.0

Summit 8 8 0.0 7 5 -28.6

Teller 18 23 27.8 17 10 -41.2

Washington 0 2 n/a 0 1 n/a

Weld 99 105 6.1 51 47 -7.8

Yuma 2 4 100.0 3 0 -100.0

Totals 1872 2282 21.9 1145 1063 -7.2

Page 14: 2015_2ndQ Foreclosure Report

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Table 6: First six months of 2014 vs. first six months of 2015.

Counties 1stQ+2ndQ 2014 Filings

1stQ+2ndQ 2015 Filings

YOY Change

1stQ+2ndQ 2014 Sales

1stQ+2ndQ 2015 Sales

YOY Change

Adams 663 386 -41.8 314 176 -43.9

Alamosa 17 14 -17.6 16 11 -31.3

Arapahoe 765 464 -39.3 327 211 -35.5

Archuleta 18 16 -11.1 13 8 -38.5

Baca 0 2 n/a 3 2 -33.3

Bent 8 7 -12.5 24 5 -79.2

Boulder 159 120 -24.5 59 36 -39.0

Broomfield 33 17 -48.5 15 6 -60.0

Chaffee 15 10 -33.3 6 4 -33.3

Cheyenne 0 3 n/a 0 0 n/a

Clear Creek 9 8 -11.1 10 11 10.0

Conejos 2 2 0.0 1 2 100.0

Costilla 4 7 75.0 1 1 0.0

Crowley 7 5 -28.6 3 2 -33.3

Custer 11 10 -9.1 2 7 250.0

Delta 68 47 -30.9 36 43 19.4

Denver 615 368 -40.2 287 122 -57.5

Dolores 3 4 33.3 2 4 100.0

Douglas 237 153 -35.4 118 61 -48.3

Eagle 51 39 -23.5 29 24 -17.2

Elbert 29 17 -41.4 19 13 -31.6

El Paso 1009 715 -29.1 519 403 -22.4

Fremont 109 64 -41.3 72 59 -18.1

Garfield 84 52 -38.1 57 51 -10.5

Gilpin 9 2 -77.8 6 7 16.7

Grand 31 24 -22.6 24 13 -45.8

Gunnison 18 10 -44.4 20 8 -60.0

Hinsdale 3 1 -66.7 0 0 n/a

Huerfano 13 19 46.2 9 6 -33.3

Jackson 1 0 -100.0 1 1 0.0

Jefferson 549 312 -43.2 263 132 -49.8

Kiowa 0 1 n/a 0 0 n/a

Kit Carson 3 5 66.7 4 0 -100.0

La Plata 38 26 -31.6 20 11 -45.0

Lake 9 10 11.1 4 8 100.0

Larimer 223 149 -33.2 88 64 -27.3

Las Animas 31 32 3.2 31 26 -16.1

Lincoln 4 4 0.0 4 2 -50.0

Logan 23 13 -43.5 12 12 0.0

Mesa 250 225 -10.0 235 141 -40.0

Mineral 3 0 -100.0 0 0 n/a

Moffat 27 31 14.8 22 15 -31.8

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Montezuma 30 17 -43.3 20 13 -35.0

Montrose 63 47 -25.4 53 29 -45.3

Morgan 27 33 22.2 26 14 -46.2

Otero 39 21 -46.2 20 11 -45.0

Ouray 3 5 66.7 2 4 100.0

Park 40 19 -52.5 42 12 -71.4

Philips 3 2 -33.3 1 0 -100.0

Pitkin 14 11 -21.4 6 6 0.0

Prowers 18 11 -38.9 11 5 -54.5

Pueblo 346 257 -25.7 174 215 23.6

Rio Blanco 12 15 25.0 3 8 166.7

Rio Grande 15 11 -26.7 10 8 -20.0

Routt 35 25 -28.6 27 20 -25.9

Saguache 6 8 33.3 6 9 50.0

San Juan 2 0 -100.0 1 0 -100.0

San Miguel 14 6 -57.1 4 3 -25.0

Sedgwick 1 3 200.0 0 2 n/a

Summit 41 16 -61.0 42 12 -71.4

Teller 36 41 13.9 39 27 -30.8

Washington 5 2 -60.0 3 1 -66.7 Weld 348 204 -41.4 156 98 -37.2

Yuma 10 6 -40.0 5 3 -40.0

Totals 6259 4154 -33.6 3327 2208 -33.6

Page 16: 2015_2ndQ Foreclosure Report

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Table 7: Foreclosure totals in each county for past 5 quarters:

Counties 2014

2ndQ Filings

2014 3rdQ Filings

2014 4thQ Filings

2015 1st Q Filings

2015 2nd Q Filings

2014 2nd Q Sales

2014 3rd Q Sales

2014 4th Q Sales

2015 1st Q Sales

2015 2nd Q Sales

Adams 293 156 381 184 202 155 135 99 159 86

Alamosa 9 7 7 5 9 6 6 3 10 3

Arapahoe 355 258 291 195 269 159 144 139 168 102

Archuleta 9 5 9 10 6 4 6 4 9 4

Baca 0 0 0 1 1 1 0 0 2 1

Bent 1 4 1 3 4 1 4 6 23 2

Boulder 75 52 38 51 69 27 22 20 32 17

Broomfield 17 12 14 12 5 5 7 8 10 3

Chaffee 7 7 8 3 7 5 1 2 1 1

Cheyenne 0 0 0 0 3 0 0 0 0 0

Clear Creek 2 7 6 4 4 7 1 2 3 6

Conejos 1 1 3 1 1 1 1 1 0 1

Costilla 0 3 2 2 5 1 2 1 0 0

Crowley 4 1 1 2 3 2 1 1 1 0

Custer 7 1 4 5 5 1 3 1 1 2

Delta 36 22 33 24 23 15 21 17 21 23

Denver 317 242 230 162 206 141 109 88 146 51

Dolores 2 2 1 1 3 1 1 0 1 3

Douglas 114 92 111 74 79 59 26 43 59 28

Eagle 19 24 28 21 18 12 14 12 17 14

Elbert 13 12 18 5 12 8 7 10 11 3

El Paso 425 370 446 312 403 266 263 220 253 201

Fremont 38 29 38 31 33 38 39 15 34 29

Garfield 38 31 21 20 32 18 36 21 39 28

Gilpin 4 6 5 1 1 5 1 4 1 3

Grand 14 10 13 13 11 16 10 8 8 9

Gunnison 7 9 5 3 7 6 6 3 14 2

Hinsdale 0 0 0 1 0 0 1 1 0 0

Huerfano 8 7 7 8 11 5 7 3 4 2

Jackson 1 0 2 0 0 1 0 0 0 0

Jefferson 239 179 250 136 176 128 107 89 135 58

Kiowa 0 1 0 1 0 0 0 0 0 0

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Kit Carson 0 1 1 1 4 0 0 0 4 0

La Plata 21 12 18 15 11 5 13 10 15 7

Lake 4 1 1 3 7 2 1 1 2 4

Larimer 107 85 91 57 92 34 38 36 54 28

Las Animas 17 16 16 21 11 15 12 9 16 16

Lincoln 1 1 1 2 2 1 1 1 3 1

Logan 4 16 9 3 10 4 12 6 8 7

Mesa 103 116 133 108 117 92 98 70 143 77

Mineral 2 1 0 0 0 0 0 1 0 0

Moffat 12 7 8 10 21 12 7 9 10 8

Montezuma 17 8 12 11 6 10 2 11 10 7

Montrose 33 22 26 23 24 18 16 17 35 12

Morgan 13 9 17 14 19 12 8 6 14 9

Otero 14 8 14 15 6 14 11 11 6 7

Ouray 3 3 3 1 4 1 0 0 1 2

Park 19 18 20 12 7 29 2 4 13 2

Philips 1 2 0 1 1 0 1 2 1 0

Pitkin 7 6 9 5 6 1 4 1 5 3

Prowers 10 3 3 7 4 4 5 3 7 2

Pueblo 156 152 166 115 142 121 100 99 53 105

Rio Blanco 7 4 6 4 11 1 3 3 2 3

Rio Grande 7 9 8 8 3 5 5 4 5 3

Routt 17 17 17 9 16 13 13 13 17 11

Saguache 1 3 3 3 5 2 1 2 4 4

San Juan 1 1 1 0 0 1 0 0 0 0

San Miguel 7 5 8 4 2 4 2 5 0 0

Sedgwick 1 0 0 2 1 0 2 0 0 0

Summit 13 23 18 8 8 29 10 13 13 5

Teller 15 11 20 18 23 13 20 8 26 10

Washington 4 4 2 0 2 1 2 2 2 1

Weld 144 123 127 99 105 80 64 65 76 47

Yuma 3 4 5 2 4 4 3 0 1 0

Totals 2819 2241 2736 1872 2282 1622 1437 1233 1708 1063