Foreclosure activity in Larimer and Weld counties is slowing amid new signs of a real estate recovery.

According to state data, new foreclosure filings were down in the first quarter compared with the same period a year earlier, declining by 3.8 percent to 318 filings in Larimer and by 17.8 percent to 412 filings in Weld.

Statewide, the number of filings reported by public trustees fell year-over-year in the first quarter from 8,079 in 2011 to 7,783.

Foreclosure filings numbers provide a view of how many borrowers have become seriously delinquent in their loans.
"Foreclosure activity continues to trend downward in Colorado, even when compared to early 2011 which itself saw a big drop from 2010 totals," said Ryan McMaken, spokesman for the Colorado Division of Housing. "Toward the end of 2011, we saw employment and home prices stabilize while home buying appeared to increase, so these foreclosure numbers likely reflect those factors."

The full report is available on the Division of Housing blog: http://www.divisionofhousing.com
Also, new data from CoreLogic showed that both the