Foreclosure filings were down 55.2 percent in Colorado metro counties during October, falling to the lowest level since the Colorado Division of Housing began collecting monthly totals in 2007, the agency reported Monday.In addition, foreclosure auction sales in Colorado's metro counties were down 68.7 percent in October compared with a year earlier, dropping from 1,399 to 438.During the same period, foreclosure filings dropped from 1,880 to 843.Foreclosure filings are the initial filings that begin the foreclosure process, and foreclosure auction sales totals are the total number of foreclosures that have been sold at auction at the end of the foreclosure process."October's drop was the largest year-over-year decline we've seen in the seven-year history of the report," said Ryan McMaken, an economist for the Colorado Division of Housing."Foreclosure activity is quickly moving toward what we consider to be a 'normal' rate," McMaken said.
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