Caution is important at this very moment with news of improvement

Colorado had a total of almost 5,000 units filing foreclosure, a little over the national rate. But it’s still good news; Colorado foreclosures as a whole decreased by 3.46 percent compared to December 2010 figures.

What is significant is that none of the key cities in Colorado reported increases in the number of foreclosure sales in their records. Although the economy in Colorado is still faltering, there are positive indications. Hope for change and the protections now mandatory and instituted nationally by HUD and the Obama administration will fuel further investment and hopefully a return to the new homeowner loan approval and refinancing which will continue the decrease in mortgage delinquencies and foreclosures.