YOUR AD HERE »

Garfield County reports fewer foreclosures in ’07

John Gardner
garfield county correspondent

GARFIELD COUNTY ” Garfield County witnessed a slowdown of filed foreclosures during 2007 while the rest of Colorado, and much of the nation, saw dramatic increases.

But Garfield County public trustee Bob Slade said it wouldn’t surprise him if the foreclosures increased in numbers in 2008.

“I think our numbers will increase this year but it’s hard to tell,” he said. “The last time foreclosures were high statewide, (Garfield County’s) were low and then when the rest of the state pulled out of it we were a little behind.”



Garfield County recorded 81 filed foreclosures in 2007, down from 96 in 2006. The rest of the state saw a 40 percent increase from 2006 to 2007, up 11,400 filings and totaling 39,915, according to a report released Wednesday by the Colorado Division of Housing (CDH).

The report stated the statewide foreclosure rate was 1 for every 45 households. That figure was slightly down from 1 for every 58 households in 2006 statewide.



The highest foreclosure rates were found in the Denver metro area, Weld and Pueblo counties. Adams County had the highest foreclosure rate with one per every 23 households and Weld County had one per every 29 households.


Support Local Journalism

Support Local Journalism

As a Summit Daily News reader, you make our work possible.

Summit Daily is embarking on a multiyear project to digitize its archives going back to 1989 and make them available to the public in partnership with the Colorado Historic Newspapers Collection. The full project is expected to cost about $165,000. All donations made in 2023 will go directly toward this project.

Every contribution, no matter the size, will make a difference.