Buying a Home Foreclosures News: Climbing metro foreclosures on track to outpace last year's

DenverPost.com - BUSINESS: "Denver metro foreclosures continued to climb in the second quarter, with Adams and Jefferson counties on track for sizable increases.
The rate so far in six of seven metro-area counties shows that repossessions in metro Denver could outdistance last year, when foreclosures hit 12,393, the highest level since 1988.
Public trustees attribute the increase to bad borrowing and lending decisions, relatively flat home prices and lagging income growth. The metro area has seen job growth this year, but the recession hit Denver and its surrounding suburbs hard in 2001. The fallout from lost jobs has boosted foreclosures.
'I keep thinking it's slowing down, and then it's a blizzard coming in,' said Jeannie Reeser, Adams County public trustee. "
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