Colorado foreclosures down in November

But foreclosure starts fell 36 percent from previous year, the fourth straight month of annual decreases.

“Banks are continuing to work through the backlog of lingering foreclosures, pushing bank repossession numbers higher in the short term even as foreclosure starts drop to new lows”, said Daren Blomquist, vice president of RealtyTrac, in a news release.

There still is a disproportionate share of active foreclosures in the marketplace across the U.S., Blomquist said, but the percentage tied to bubble-era loans is shrinking.

Foreclosure activity ticked up in Southwest Florida last month, clashing with statewide and national trends. Repossessions were up in 41 states, most notably in Tennessee (up 608 percent), MS (up 341 percent), Texas (298 percent), Nebraska (up 295 percent), NY (up 270 percent) and New Jersey (up 205 percent). Blomquist said that after long delays – caused in some cases by legal challenges and lawsuits – banks are now proceeding aggressively to seize and resell properties that owners defaulted on or abandoned in recent years. “Sales are strong and prices continue to climb”. “So those folks are not falling into foreclosure, they’re not getting into trouble”.

Maryland had the highest concentration, with one home in foreclosure for every 516. Foreclosure starts increased 13 percent from a year ago after six consecutive months of year-over-year decreases.

Four metro regions in Florida ranked in the USA top 10 for foreclosure rates. There were 792 filings in San Bernardino County, down 18.3 percent from October and down 9.4 percent from November 2014.

Meanwhile, central Florida continues to be at the center of Florida’s foreclosure landscape.