June 22, 2009

Routt County foreclosure rate more than doubles

Filed under: Real Estate — admin @ 6:54 am

Routt County Treasurer Jeanne Whiddon said that as of June 18, her office had been asked to initiate 72 foreclosure proceedings in 2009. That compares with 31 as of this date in 2008. Total foreclosures initiated for 2008 was 55.

Not all foreclosure proceedings culminate in the lending institution that holds the deed taking possession of the property in question. That has happened 23 times since 2007, according to the treasurer’s records.

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