Three Colorado counties tops in bank-owned homes

Three Colorado counties tops in bank-owned homes

Weld County continues to appear on a list of the nation’s top 10 counties for foreclosures per capita so far this year, but another Colorado county has taken the top spot.

Costilla County in south-central Colorado had 253.5 homes lost to foreclosure for every 1,000 households year-to-date, according to data from Foreclosures.com. Costilla’s population during the 2000 census was 3,663 with 2,200 total housing units. A 2005 estimate puts the county’s population at 3,378 and the number of housing units at 2,281.

Weld County was No. 7 on the list of Real Estate Owned or REO properties, with 28.4 homes reverted to the mortgage lender through foreclosure per every 1,000 households so far this year. Elbert County was also on the list at No. 10 with 21 filings per every 1,000 households.

For the number of pre-foreclosure filings per capita year-to-date, Colorado came in third in the nation – behind Nevada and Florida. However, the state tied for first with Michigan for the number of homes lost to foreclosure per capita – 9.4 per every 1,000 households.

Northern Colorado Business Report

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