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Division of Housing 4th Quarter 2013 Foreclosure Report

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

February 13, 2014 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 Trustees 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 trustees 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 Such filings can be cured and withdrawn before the property is sold at auction, meaning that not all foreclosure filings result in a final foreclosure sale.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 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 fourth quarter of 2013, Colorado public trustees reported 2,981 foreclosure filings and 1,650 sales at auction (completed foreclosures). During the fourth quarter of 2012, there were 5,685 filings and 3,760 sales. Comparing year-over-year for the fourth quarter, foreclosure filings fell 47.6 percent and completed foreclosures fell 56.1 percent. Comparing the fourth quarter of 2013 to the third quarter of 2013, foreclosure filings fell 20.4 percent from 3,747 to 2,981. Foreclosure sales fell 20.5 percent from 2,075 to 1,650 during the same period. Comparing totals for the full year, foreclosure filings were down 46.3 percent from 2012 to 2013 dropping from 28,579 during 2012 to 15,333 during 2013. Foreclosure sales at auction fell 41.4 percent during the same period, dropping from 15,903 sales during 2012 to 9,318 during 2013.

During the fourth quarter of 2013, foreclosure filings and sales both showed a continued trend of declining foreclosure activity. 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. Both foreclosure filings and sales hit the lowest level recorded since the survey was begun in 2007. Graph 1: Quarterly Foreclosure Filings vs. Sales at Auction:
Quarterly foreclosure totals in Colorado

14000

12000

10000

8000

6000

4000

2000

Filings Sales
2011q1 2011q2 2011q3 2011q4 2012q1 2012q2 2012q3 2012q4 2013q1 2013q2 2013q3 2007Q1 2007Q2 2007Q3 2007Q4 2008Q1 2008Q2 2008Q3 2008Q4 2009Q1 2009Q2 2009Q3 2009Q4 2010Q1 2010Q2 2010Q3 2010Q4 2013q4

Graph 2: Annual Foreclosure Totals:


50000 45000 40000 35000 30000 25000 20000 15000 10000 5000 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Annual foreclosure totals

Filings Sales at auction

Note: Annual totals are available since 2003, but quarterly totals are only available since 2007. Table 1: Foreclosure Filings Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Foreclosure Filings 14,858 18,127 22,894 28,435 39,920 39,333 46,394 42,692 31,975 28,579 15,333

Table 2: Foreclosure Sales at Auction Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 County Statistics Trends in different counties throughout the state vary considerably. The 12 metropolitan counties in Colorado now account for slightly more than 81 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. Foreclosure Sales 8,239 10,566 13,642 17,451 25,054 21,306 20,437 23,891 19,617 15,903 9,318

Map 1: Foreclosure rates in Colorado counties, 4th Quarter 2013

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 1,225 households for the fourth quarter of 2013. The map shows that there are few hot spots for foreclosure left in Colorado, and those that remain, such as Bent County, are likely to see quickly-falling foreclosure rates in 2014. Only Mesa County was found among the counties with the top ten foreclosure rates. Most of the counties in the top ten were mountain and rural counties including Archuleta, Park, and Gunnison counties.

Mesa and Pueblo counties reported the highest foreclosure rates of the metropolitan counties. Pueblo reported a foreclosure rate of one foreclosure per 522 households while Mesa County reported a rate of 1 foreclosure per 446 households. See Table 3 for full listing. Boulder County reported the lowest foreclosure rate among metropolitan counties with 1 completed foreclosure per 4,109 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 2013 and brought Colorado to the lowest foreclosure levels experienced since 2004. If current economic conditions persist in 2014, the next year will continue to see declines, albeit foreclosures will likely fall more slowly in 2014 than 2013. Economic trends that greatly influence foreclosure activity in Colorado during 2014 will likely originate outside the state. Factors such as the national economy and U.S. monetary policy will affect demand for homes and employment trends within the state. Foreclosure rates overall are at approximately 10-year lows, and appear to be returning to what could be considered normal foreclosure rates.

Methods The Colorado Division of Housing has sought to collect foreclosure information on all 64 counties. Data is collected directly from the Public Trustees 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.

Table 3: Foreclosure rates based on the number of occupied housing units per completed foreclosure and percentage of all occupied housing units. 2012 household numbers are the most recent available.

County Bent Archuleta Park Crowley Mineral Dolores Mesa Gunnison Moffat Teller Pueblo Costilla Rio Grande Elbert Garfield Grand Delta Otero Las Animas Kiowa Fremont Rio Blanco Montrose Huerfano Eagle Saguache Adams Custer Ouray Kit Carson

Households 1,744 5,293 7,110 1,274 353 871 58,375 6,566 5,208 9,841 63,675 1,582 4,746 8,454 20,637 6,153 12,521 7,663 6,158 625 16,680 2,686 16,288 3,059 19,130 2,763 160,058 1,915 2,034 3,067

2013 4th Q Foreclosure Sales 22 18 23 4 1 2 131 14 11 19 122 3 9 16 37 11 22 13 10 1 26 4 24 4 22 3 172 2 2 3

Foreclosure Rate by Percentage 1.26% 0.34% 0.32% 0.31% 0.28% 0.23% 0.22% 0.21% 0.21% 0.19% 0.19% 0.19% 0.19% 0.19% 0.18% 0.18% 0.18% 0.17% 0.16% 0.16% 0.16% 0.15% 0.15% 0.13% 0.12% 0.11% 0.11% 0.10% 0.10% 0.10%

Foreclosure Rate by No. of Households per Completed Foreclosure 79 294 309 319 353 436 446 469 473 518 522 527 527 528 558 559 569 589 616 625 642 672 679 765 870 921 931 958 1017 1022

Sedgwick Routt Pitkin Summit Weld Yuma El Paso La Plata Morgan Conejos Arapahoe Douglas Denver Montezuma San Miguel Washington Jefferson Logan Clear Creek Prowers Gilpin Chaffee Lake Larimer Broomfield Boulder Alamosa Baca Cheyenne Hinsdale Jackson Lincoln Philips San Juan Total

1,081 9,776 8,175 11,826 93,286 3,944 245,223 21,546 10,311 3,105 232,959 106,541 278,571 10,488 3,559 1,933 223,195 7,989 4,170 4,878 2,471 7,696 2,947 124,784 22,351 123,281 6,074 1,659 810 337 618 1,934 1,801 335 2,020,762

1 9 7 10 74 3 177 15 7 2 147 66 169 6 2 1 113 4 2 2 1 3 1 41 6 30 0 0 0 0 0 0 0 0 1650

0.09% 0.09% 0.09% 0.08% 0.08% 0.08% 0.07% 0.07% 0.07% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.05% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.03% 0.03% 0.03% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08%

1081 1086 1168 1183 1261 1315 1385 1436 1473 1553 1585 1614 1648 1748 1780 1933 1975 1997 2085 2439 2471 2565 2947 3044 3725 4109 n/a n/a n/a n/a n/a n/a n/a n/a 1225

Table 4: Cures (Foreclosures cured through the Public Trustee office in each county.) Counties 2012 2012 2012 2012 2013 2013 2013 2013 1st Q 2nd Q 3rd Q 4th Q 1st Q 2nd Q 3rd Q 4th Q cures cures cures cures cures cures cures cures
29 0 41 1 0 0 0 21 0 0 0 0 1 0 1 1 62 0 32 4 3 50 4 7 0 2 2 0 1 0 43 0 1 2 0 32 1 2 1 11 0 0 6 4 36 0 51 1 1 0 2 18 2 0 2 2 0 1 0 5 60 0 29 4 4 52 3 6 2 4 0 0 1 0 53 0 0 4 0 27 0 0 2 8 0 1 1 2 2 3 28 0 35 2 0 0 3 15 0 0 1 0 0 0 5 40 1 25 4 1 39 3 6 1 4 1 0 0 0 32 0 0 4 0 30 2 0 2 6 1 4 2 4 2 1 29 0 36 3 0 0 3 19 1 0 0 0 0 0 0 3 52 0 19 4 2 35 1 3 2 3 1 0 0 0 23 0 0 6 0 30 0 0 0 7 0 1 6 2 1 0 36 0 34 0 0 0 3 17 0 0 0 1 0 1 0 2 49 0 27 9 1 53 3 1 0 0 3 0 2 0 46 0 0 2 0 17 4 1 4 12 0 1 0 4 3 0 23 0 30 1 0 1 2 18 0 0 0 1 0 0 0 4 41 0 13 6 1 37 2 7 0 2 0 0 0 0 41 0 1 2 0 15 0 0 1 13 0 0 1 3 2 1 31 0 48 0 0 0 1 14 4 0 0 0 0 0 1 28 0 16 4 2 32 3 3 1 2 1 2 0 30 1 0 3 0 16 2 0 1 11 0 2 1 0 28 0 20 1 1 0 0 15 1 0 3 0 0 0 0 13 38 1 22 2 2 21 1 2 1 0 0 0 1 0 28 0 0 4 0 11 0 1 2 8 1 2 1 3 0 0

Adams Alamosa Arapahoe Archuleta Baca Bent Broomfield Boulder Chaffee Cheyenne Clear Creek Conejos Costilla Crowley Custer Delta Denver Dolores Douglas Eagle Elbert El Paso Fremont Garfield* Gilpin Grand Gunnison Hinsdale Huerfano Jackson Jefferson Kiowa Kit Carson La Plata Lake Larimer Las Animas Lincoln Logan Mesa Mineral Moffat Montezuma Montrose Morgan Otero

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Ouray Park Philips Pitkin Prowers Pueblo Rio Blanco Rio Grande Routt Saguache San Juan San Miguel Sedgwick Summit Teller Washington Weld Yuma Totals

0 0 0 1 0 19 1 1 0 0 0 1 0 8 1 0 22 1 420

0 1 0 3 0 14 1 1 0 0 0 0 0 6 5 0 2 1 423

0 4 0 2 0 17 2 1 3 0 2 1 0 2 1 0 22 1 362

0 2 0 1 0 10 0 0 0 0 0 2 0 2 5 1 19 2 336

0 3 0 0 0 13 0 0 0 0 0 0 0 4 1 0 18 0 375

0 3 0 2 0 18 2 0 2 0 0 2 0 4 1 0 14 3 320

0 0 0 4 0 4 0 0 2 0 0 1 0 2 1 1 13 1 289

0 1 0 1 0 14 0 0 0 0 0 0 0 1 3 0 15 1 270

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Table 5: Percent change in year-over-year foreclosure filings and sales:


2012 4Q Filings 664 12 693 26 4 3 147 37 14 0 13 2 0 4 7 56 588 1 281 80 38 652 76 98 10 30 35 0 11 1 523 0 4 40 6 221 18 3 13 272 0 12 22 58 2013 4Q Filings 272 18 249 15 1 3 57 25 6 0 6 4 3 3 3 30 311 3 176 42 20 354 42 61 3 21 19 0 7 1 216 0 2 22 5 100 28 0 11 194 3 21 19 43 2012 4Q Sales 430 5 402 17 1 2 96 26 3 1 5 1 0 3 4 38 418 1 166 48 14 498 53 75 9 28 15 0 8 0 304 0 3 26 12 130 11 3 7 202 0 16 21 35 2013 4Q Sales 172 0 147 18 0 22 30 6 3 0 2 2 3 4 2 22 169 2 66 22 16 177 26 37 1 11 14 0 4 0 113 1 3 15 1 41 10 0 4 131 1 11 6 24

Counties Adams Alamosa Arapahoe Archuleta Baca Bent Boulder Broomfield Chaffee Cheyenne Clear Creek Conejos Costilla Crowley Custer Delta Denver Dolores Douglas Eagle Elbert El Paso Fremont Garfield Gilpin Grand Gunnison Hinsdale Huerfano Jackson Jefferson Kiowa Kit Carson La Plata Lake Larimer Las Animas Lincoln Logan Mesa Mineral Moffat Montezuma Montrose

YOY change -59.0 50.0 -64.1 -42.3 -75.0 0.0 -61.2 -32.4 -57.1 n/a -53.8 100.0 n/a -25.0 -57.1 -46.4 -47.1 200.0 -37.4 -47.5 -47.4 -45.7 -44.7 -37.8 -70.0 -30.0 -45.7 n/a -36.4 0.0 -58.7 n/a -50.0 -45.0 -16.7 -54.8 55.6 -100.0 -15.4 -28.7 n/a 75.0 -13.6 -25.9

YOY change -60.0 -100.0 -63.4 5.9 -100.0 1000.0 -68.8 -76.9 0.0 -100.0 -60.0 100.0 n/a 33.3 -50.0 -42.1 -59.6 100.0 -60.2 -54.2 14.3 -64.5 -50.9 -50.7 -88.9 -60.7 -6.7 n/a -50.0 n/a -62.8 n/a 0.0 -42.3 -91.7 -68.5 -9.1 -100.0 -42.9 -35.1 n/a -31.3 -71.4 -31.4

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Morgan Otero Ouray Park Philips Pitkin Prowers Pueblo Rio Blanco Rio Grande Routt Saguache San Juan San Miguel Sedgwick Summit Teller Washington Weld Yuma Totals

27 23 2 31 0 33 6 281 5 14 37 5 1 19 1 48 49 4 313 11 5685

16 11 5 22 2 15 6 232 5 12 30 8 0 6 2 32 36 3 115 4 2981

-40.7 -52.2 150.0 -29.0 n/a -54.5 0.0 -17.4 0.0 -14.3 -18.9 60.0 -100.0 -68.4 100.0 -33.3 -26.5 -25.0 -63.3 -63.6 -47.6

14 17 4 37 1 10 5 172 12 10 36 2 1 11 0 25 33 1 225 7 3760

7 13 2 23 0 7 2 122 4 9 9 3 0 2 1 10 19 1 74 3 1650

-50.0 -23.5 -50.0 -37.8 -100.0 -30.0 -60.0 -29.1 -66.7 -10.0 -75.0 50.0 -100.0 -81.8 n/a -60.0 -42.4 0.0 -67.1 -57.1 -56.1

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Table 6: Percent change from 3rd Q 2013 to 4th Q 2013:


Counties 2013 3rd Q Filings 416 6 424 14 3 2 97 15 5 0 11 0 3 3 2 39 448 2 166 53 26 458 45 55 7 14 18 1 7 0 304 1 5 33 4 139 13 3 14 207 1 9 16 2013 4th Q Filings 272 18 249 15 1 3 57 25 6 0 6 4 3 3 3 30 311 3 176 42 20 354 42 61 3 21 19 0 7 1 216 0 2 22 5 100 28 0 11 194 3 21 19 Percent Change -34.6 200.0 -41.3 7.1 -66.7 50.0 -41.2 66.7 20.0 n/a -45.5 n/a 0.0 0.0 50.0 -23.1 -30.6 50.0 6.0 -20.8 -23.1 -22.7 -6.7 10.9 -57.1 50.0 5.6 -100.0 0.0 n/a -28.9 -100.0 -60.0 -33.3 25.0 -28.1 115.4 -100.0 -21.4 -6.3 200.0 133.3 18.8 2013 3rd Q Sales 223 3 238 12 1 4 32 17 5 0 8 4 0 1 1 33 183 2 64 28 8 247 31 53 6 24 7 1 4 0 173 0 1 17 3 63 15 6 8 104 0 14 9 2013 4th Q Sales 172 0 147 18 0 22 30 6 3 0 2 2 3 4 2 22 169 2 66 22 16 177 26 37 1 11 14 0 4 0 113 1 3 15 1 41 10 0 4 131 1 11 6 Percent Change -22.9 -100.0 -38.2 50.0 -100.0 450.0 -6.3 -64.7 -40.0 n/a -75.0 -50.0 n/a 300.0 100.0 -33.3 -7.7 0.0 3.1 -21.4 100.0 -28.3 -16.1 -30.2 -83.3 -54.2 100.0 -100.0 0.0 n/a -34.7 n/a 200.0 -11.8 -66.7 -34.9 -33.3 -100.0 -50.0 26.0 n/a -21.4 -33.3

Adams Alamosa Arapahoe Archuleta Baca Bent Boulder Broomfield Chaffee Cheyenne Clear Creek Conejos Costilla Crowley Custer Delta Denver Dolores Douglas Eagle Elbert El Paso Fremont Garfield Gilpin Grand Gunnison Hinsdale Huerfano Jackson Jefferson Kiowa Kit Carson La Plata Lake Larimer Las Animas Lincoln Logan Mesa Mineral Moffat Montezuma

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Montrose Morgan Otero Ouray Park Philips Pitkin Prowers Pueblo Rio Blanco Rio Grande Routt Saguache San Juan San Miguel Sedgwick Summit Teller Washington Weld Yuma Totals

42 20 13 4 29 0 7 1 203 5 10 39 2 0 6 2 22 36 2 214 1 3747

43 16 11 5 22 2 15 6 232 5 12 30 8 0 6 2 32 36 3 115 4 2981

2.4 -20.0 -15.4 25.0 -24.1 n/a 114.3 500.0 14.3 0.0 20.0 -23.1 300.0 n/a 0.0 0.0 45.5 0.0 50.0 -46.3 300.0 -20.4

24 10 9 4 21 2 6 4 144 3 10 13 9 1 6 4 15 16 1 119 1 2075

24 7 13 2 23 0 7 2 122 4 9 9 3 0 2 1 10 19 1 74 3 1650

0.0 -30.0 44.4 -50.0 9.5 -100.0 16.7 -50.0 -15.3 33.3 -10.0 -30.8 -66.7 -100.0 -66.7 -75.0 -33.3 18.8 0.0 -37.8 200.0 -20.5

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Table 7: Foreclosure totals for full year, compared. (Q1+Q2+Q3+Q4):


Counties 1stQ+2ndQ+3 1stQ+2ndQ+3 YOY Change rdQ+4thQ rdQ+4thQ 2012 Filings 2013 Filings 3182 70 3589 125 9 21 789 210 53 4 51 18 18 17 32 244 3064 10 1534 455 198 3354 295 566 56 168 137 2 52 5 2650 0 23 212 41 1078 96 21 59 1246 4 93 113 271 123 1636 40 1700 61 6 16 389 109 29 0 47 16 15 18 11 136 1616 7 769 208 90 1861 201 290 29 79 71 3 32 1 1303 2 n/a 13 128 25 557 86 8 48 781 4 71 72 186 74 -48.6 -42.9 -52.6 -51.2 -33.3 -23.8 -50.7 -48.1 -45.3 -100.0 -7.8 -11.1 -16.7 5.9 -65.6 -44.3 -47.3 -30.0 -49.9 -54.3 -54.5 -44.5 -31.9 -48.8 -48.2 -53.0 -48.2 50.0 -38.5 -80.0 -50.8 -43.5 -39.6 -39.0 -48.3 -10.4 -61.9 -18.6 -37.3 0.0 -23.7 -36.3 -31.4 -39.8 1stQ+2ndQ+3 1stQ+2ndQ+3 YOY Change rdQ+4thQ rdQ+4thQ 2012 Sales 2013 Sales 1782 25 1827 78 4 16 372 96 24 1 44 5 1 10 15 151 1605 4 691 304 102 1823 213 350 30 123 87 0 34 3 1335 1 19 126 39 559 74 17 33 847 0 71 90 186 66 963 14 999 66 3 32 201 52 24 2 25 12 3 12 13 127 806 6 344 134 57 1198 158 196 23 67 52 3 n/a 28 0 711 1 9 73 18 295 67 17 35 564 1 n/a 43 42 117 43 -46.0 -44.0 -45.3 -15.4 -25.0 100.0 -46.0 -45.8 0.0 100.0 -43.2 140.0 200.0 20.0 -13.3 -15.9 -49.8 50.0 -50.2 -55.9 -44.1 -34.3 -25.8 -44.0 -23.3 -45.5 -40.2 -17.6 -100.0 -46.7 0.0 -52.6 -42.1 -53.8 -47.2 -9.5 0.0 6.1 -33.4 -39.4 -53.3 -37.1 -34.8

Adams Alamosa Arapahoe Archuleta Baca Bent Boulder Broomfield Chaffee Cheyenne Clear Creek Conejos Costilla Crowley Custer Delta Denver Dolores Douglas Eagle Elbert El Paso Fremont Garfield Gilpin Grand Gunnison Hinsdale Huerfano Jackson Jefferson Kiowa Kit Carson La Plata Lake Larimer Las Animas Lincoln Logan Mesa Mineral Moffat Montezuma Montrose Morgan

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Otero Ouray Park Philips Pitkin Prowers Pueblo Rio Blanco Rio Grande Routt Saguache San Juan San Miguel Sedgwick Summit Teller Washington Weld Yuma Totals

93 39 207 8 113 23 1182 39 55 230 28 5 89 4 264 223 11 1576 32 28579

58 18 112 9 56 24 835 22 45 134 21 2 36 11 136 123 12 820 15 15333

-37.6 -53.8 -45.9 12.5 -50.4 4.3 -29.4 -43.6 -18.2 -41.7 -25.0 -60.0 -59.6 175.0 -48.5 -44.8 9.1 -48.0 -53.1 -46.3

69 23 150 8 44 15 779 28 31 122 19 6 47 6 169 144 6 938 16 15903

46 14 85 5 35 15 577 15 35 73 20 6 25 6 85 75 8 525 12 9318

-33.3 -39.1 -43.3 -37.5 -20.5 0.0 -25.9 -46.4 12.9 -40.2 5.3 0.0 -46.8 0.0 -49.7 -47.9 33.3 -44.0 -25.0 -41.4

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Table 8: Foreclosure totals in each county for past 5 quarters:


Counties 2012 4th Q Filings 664 12 693 26 4 3 147 37 14 0 13 2 0 4 7 56 588 1 281 80 38 652 76 98 10 30 35 0 11 1 523 0 4 2013 1st Q Filings 476 10 524 15 0 2 124 41 6 0 17 10 5 8 1 33 480 1 220 69 28 549 75 94 7 28 17 1 12 0 429 0 4 2013 2ndQ Filings 472 6 503 17 2 9 111 28 12 0 13 2 4 4 5 34 377 1 198 44 16 500 39 80 12 16 17 1 6 0 354 1 2 2013 3rdQ Filings 416 6 424 14 3 2 97 15 5 0 11 0 3 3 2 39 448 2 166 53 26 458 45 55 7 14 18 1 7 0 304 1 5 2013 4thQ Filings 272 18 249 15 1 3 57 25 6 0 6 4 3 3 3 30 311 3 176 42 20 354 42 61 3 21 19 0 7 1 216 0 2 2012 4th Q Sales 430 5 402 17 1 2 96 26 3 1 5 1 0 3 4 38 418 1 166 48 14 498 53 75 9 28 15 0 8 0 304 0 3 2013 1st Q Sales 276 8 323 22 2 2 68 18 6 1 6 3 0 2 8 40 239 1 124 52 17 412 46 61 12 21 12 1 7 0 219 0 3 2013 2nd Q Sales 292 3 291 14 0 4 71 11 10 1 9 3 0 5 2 32 215 1 90 32 16 362 55 45 4 11 19 1 13 0 206 0 2 2013 3rd Q Sales 223 3 238 12 1 4 32 17 5 0 8 4 0 1 1 33 183 2 64 28 8 247 31 53 6 24 7 1 4 0 173 0 1 2013 4th Q Sales 172 0 147 18 0 22 30 6 3 0 2 2 3 4 2 22 169 2 66 22 16 177 26 37 1 11 14 0 4 0 113 1 3

Adams Alamosa Arapahoe Archuleta Baca Bent Boulder Broomfield Chaffee Cheyenne Clear Creek Conejos Costilla Crowley Custer Delta Denver Dolores Douglas Eagle Elbert El Paso Fremont Garfield Gilpin Grand Gunnison Hinsdale Huerfano Jackson Jefferson Kiowa Kit Carson

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La Plata Lake Larimer Las Animas Lincoln Logan Mesa Mineral Moffat Montezuma Montrose Morgan Otero Ouray Park Philips Pitkin Prowers Pueblo Rio Blanco Rio Grande Routt Saguache San Juan San Miguel Sedgwick Summit Teller Washington Weld Yuma Totals

40 6 221 18 3 13 272 0 12 22 58 27 23 2 31 0 33 6 281 5 14 37 5 1 19 1 48 49 4 313 11 5685

30 12 182 32 2 11 182 0 26 20 52 21 23 2 36 5 19 11 201 4 11 38 7 1 15 1 46 23 4 261 7 4571

43 4 136 13 3 12 198 0 15 17 49 17 11 7 25 2 15 6 199 8 12 27 4 1 9 6 36 28 3 230 3 4025

33 4 139 13 3 14 207 1 9 16 42 20 13 4 29 0 7 1 203 5 10 39 2 0 6 2 22 36 2 214 1 3747

22 5 100 28 0 11 194 3 21 19 43 16 11 5 22 2 15 6 232 5 12 30 8 0 6 2 32 36 3 115 4 2981

26 12 130 11 3 7 202 0 16 21 35 14 17 4 37 1 10 5 172 12 10 36 2 1 11 0 25 33 1 225 7 3760

26 7 123 19 5 13 161 0 6 18 39 13 12 5 23 1 16 3 156 6 7 30 3 1 10 1 25 18 4 169 3 2935

15 7 68 23 6 10 168 0 12 9 30 13 12 3 18 2 6 6 155 2 9 21 5 4 7 0 35 22 2 163 5 2658

17 3 63 15 6 8 104 0 14 9 24 10 9 4 21 2 6 4 144 3 10 13 9 1 6 4 15 16 1 119 1 2075

15 1 41 10 0 4 131 1 11 6 24 7 13 2 23 0 7 2 122 4 9 9 3 0 2 1 10 19 1 74 3 1650

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