Saturday, October 29, 2005

Foreclosures Near Record In Mesa County, CO

The Grand Junction Sentinel reports on foreclosures on the western slope of the Colorado Rockies. "The number of foreclosures in Mesa County during the first 10 months of 2005 is down slightly from the same time last year. According to the Mesa County Public Trustee’s Office, 333 foreclosure actions will be opened by Oct. 31. At the same time last year, 337 foreclosures were reported."

"Public Trustee Barbara Brewer said the reasons people fall behind on their mortgage payments and drop into foreclosure remain the same. 'We’ve got people who are just overextended, or it’s illness, a death in the family, divorce, loss of job. All of those issues can impact people’s ability to pay their loans,' Brewer said."

"The number of foreclosures this year appears to be on track to almost match last year’s total of 392. That’s the most foreclosures in a year in Mesa County since 1988, when 438 foreclosures were reported."

1 Comments:

At 3:26 PM, Blogger dawnal said...

Mesa County went through a true real estate depression in the early 80's. Home owners were upside down. Large numbers of them just slipped away in the middle of the night leaving the keys in the mailbox. The Savings and Loan bust was underway and foreclosed homes for sale by the government in the mountain states area were listed in a telephone sized book. There were hundreds of them. One of the most memorable was a "spec" church.

 

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