If Georgia is the top state for realestate frauds, Colorado realestate steals the spot for being with the most foreclosures. The factors driving the numbers include a record excess of unsold homes in the market, homeowners’ huge credit card debts, pre-payment penalties, mortgage fraud, and bankruptcies. [...] report shows that since April, 3,706 homes in Colorado were in state of foreclosure. There is a disaster driving the high rate of foreclosures, said Mary Wenke, public trustee of Arapahoe County. The national average is one of every 1,268 households. The RealtyTrac Inc.
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