Tuesday, December 26, 2006
Foreclosures still plentiful
Latest figures from a California online research firm confirm what the El Paso County Public Trustee's Office already has reported: Local foreclosures are on the rise. RealtyTrac Inc. released figures last week that show El Paso County foreclosures totaled 371 in November, up 29.3 percent from 287 during the same month last year. Teller County foreclosures totaled 25 in November; RealtyTrac didn't have comparable figures for 2005. RealtyTrac's figures reflect homes that are in some stage of foreclosure, not just new filings. Meanwhile, the El Paso County Public Trustee's Office reported 269 new foreclosures in November, up 71.3 percent over the same month a year ago. So far in 2006, El Paso County foreclosures total 2,390, exceeding the 2005 total of 2,289 and making this year the highest annual total of foreclosures since 2,937 in 1989, according to the Trustee's Office.