Colorado in for another wave of foreclosures soon
invite response
2012 Jun 20, 1:29am 1,599 views 3 comments
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1
HEY YOU
2012 Jun 20, 2:00am
barbaraG,
I've been researching foreclosures that aren't on the market. About 10 mos, ago I met an insider that told me that some banks are cleaning up the paper trail before their REOs go to market.
2
FamilyForce6
2012 Jul 18, 3:56am
FamilyForce6
2012 Jul 18, 3:56am
I'm having a tough time making a decision on pulling the trigger for purchasing a house and reading stuff like this is not helpful.
The next 6-12 months will be interesting, especially immediately after the election.
3
FortWayne
2012 Jul 18, 5:39am
FortWayne
2012 Jul 18, 5:39am
Nothing will happen until election. A lot might change after. Plenty of foreclosures are out there looming, last year to not pay taxes on debt forgiveness as well...
"Despite reports of a thawing housing market, yet another wave of foreclosures appears to be looming, real estate records filed in multiple metro-Denver counties indicate.
The recording of deed-of-trust assignments in Colorado — the ownership rights of mortgages and the ability to foreclose on them — has more than doubled in the first five months of the year compared with the same period last year, The Denver Post has found.
Some experts say the increase is a sign that lenders are gearing up for a new round of foreclosures, and, if only half the filings become actual foreclosure cases, it could approach the worst of the foreclosure crisis that mushroomed in 2007."
http://www.denverpost.com/business/ci_20895107/colorado-could-be-facing-new-wave-foreclosures
#housing