IRVINE, Calif. - Colorado came in at No. 11 among the states with the highest foreclosure activity in the month of October, dropping out of the top 10 for the first time since March, when it placed No. 12, according to a report by Irvine-based RealtyTrac.

The October report shows Colorado's foreclosure activity dropping by 18.75 percent from September and 6.08 percent from October of 2008.

Nationwide, foreclosure activity has been declining over the last three months, RealtyTrac said. "Three consecutive monthly declines is unprecedented for our report, and on first blush an indication that the foreclosure tide may be turning," said James Saccacio, RealtyTrac CEO. "However, the fundamental forces driving foreclosure activity in this housing downturn -- high-risk mortgages, negative equity and unemployment -- continue to loom over any nascent recovery."

The top 10 states for foreclosure activity in October were Nevada, California, Florida, Arizona, Idaho, Illinois, Michigan, Georgia, Maryland and Utah.

RealtyTrac is an online marketplace for foreclosure properties.