Foreclosures Are Hitting New Neighborhoods in the Denver Area
As the foreclosure crisis sweeps the nation and Colorado—with questions lingering over the legality of many banks' related actions—Denver homes that once seemed impervious are now on shakier ground. An analysis of metro-area housing data shows that the percentage of distressed sales among homes priced at $461,000 or higher is rising significantly (from 12 percent in the first quarter of 2008 to 17 percent in the second quarter of 2010), according to The Denver Post. Distressed home sales in neighborhoods on the less expensive side—$95,000-$149,000—are down but still account for 69 percent of sales.
Regardless of a home's value, the foreclosure process can be emotionally draining, as Fox 31 explores in a special report.
Meanwhile, ProPublica takes a look at "Who's Who in the Foreclosure Scandal," explaining the roles of "foreclosure mills," "robo-signers," and more.
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