Garfield County’s foreclosures expected to exceed number in 1985 oil shale crash

ASPEN — The number of foreclosure filings in the three counties of the Roaring Fork Valley is surging this year as some homeowners struggle with mortgage payments and some developers cannot meet creditors’ terms.The surge is most dramatic in Garfield County, where 2009 has already seen the
second highest number of foreclosure filings since 1980, according to chief deputy public trustee Bob Slade. There were 208 foreclosure filings throughout Garfield County as of Aug. 13. That tops the annual total for every year except 1985.
By Scott Condon, August 17, 2009 Aspen Times

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