Denver Real Estate Blog

The Mortgage Bankers Association ranked Colorado No. 24 in the nation for “seriously delinquent” loans in the fourth quarter. By contrast, the privately owned California-based RealtyTrac group, which uses a different methodology, said that Colorado was No. 5 in the nation for foreclosure rates last year and No. 1 in 2006. The bankers association, better known as the MBA, ranked Colorado No. 15 in 2006. The state improved nine places last year - not because foreclosures slowed in Colorado but because they rose more in other states.

There were 39,915 foreclosures in Colorado in 2007, 40 percent higher than the previous record of 28,509 in 2006, according to the Colorado Division of Real Estate. According to the MBA, 32,040 loans in Colorado, or 3.08 percent of the 1.04 million loans tracked by the mortgage industry trade group, were delinquent for 90 days or more and had started the foreclosure process. By comparison, 4.07 percent of loans in the third quarter of 1989 were seriously delinquent, the MBA said.

No one denies the record number of foreclosures in Colorado last year or that the problem isn’t going away anytime soon. But a new report indicates that Colorado, compared with other states, isn’t as bad off as many believe.

The Mortgage Bankers Association ranked Colorado No. 24 in the nation for “seriously delinquent” loans in the fourth quarter .Colorado seems to be at the vanguard of those (states) attempting to slow down the avalanche of foreclosures, Between its outreach program and legislative activity, it might be having a positive impact on the problem.

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Jeffery McClintock, is a real estate broker in Denver and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 individual real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.