If foreclosures continue on their current pace, Larimer County’s foreclosure rate is expected to increase by about 20 percent by the end of the year.
Seventy-five percent of those foreclosures are the result of refinancing, said Kathi Williams, director of the Colorado Division of Housing in Denver.
Foreclosure statistics for January through March show one in 275 households filed for foreclosure. That equals more than 900 homeowners who have lost or are in danger of losing their homes.
In Weld County, the ratio is one in 124.