Despite a burst of acitivity in July, the pace at which foreclosure notices are being filed in Routt County suggests the final 2012 total will well below the 306 filed in 2011.
Public Trustee Jeanne Whiddon said Routt County is on track to see about 250 of the foreclosure filings technically referred to as notices of election and demand, or NEDS. They do not signify that someone has lot their property but rather that the holder of the note has begun the foreclosure process. Many NEDs are cured or withdrawn before the property goes to a bank sale.
Whiddon said the pace of new NEDs continued at about 20 per month through the first six months of 2012 before uncharacteristically increasing to 37 in July.
Year to date, there have been 166 NEDs filed,…