Blog

By: Michael de Yoanna

Category: Elevated Voices

Posted: October 18, 2010 2:00 PM

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.

Facebook Comments Box

Denver Real Estate 2013 - Get In The Game

Here’s why it’s finally time to get back in the Denver real estate market.

Spin Cities

We’ve highlighted some of the best road cycling routes along the Front Range and in the high...

Risky Business

Colorado’s labor market has more than its share of occupational hazards.

Escape

Each year, more than 18,000 victims of domestic violence call SafeHouse Denver’s hot line. Meet...

Get Well

From obesity to food allergies, we break down five issues facing Colorado’s kids.