Email Warning of Massive Foreclosures in Douglas County; A Flaw – Denver Real Estate

The email about exploding number of foreclosures sent by the Douglas County’s district liaison for homeless students was an overstatement according to the Douglas County’s public trustee and Sheriff’s Department.

The article read:

An e-mail warning Douglas County school officials of expected massive foreclosure evictions next month that could affect their students turned out to be an overstatement.

While well-intentioned, the e-mail sent last week by the district’s liaison for homeless students under the subject line “in order to be best prepared” appears to be based on a misinterpretation of remarks made by a county housing official.

The e-mail read:

“We have been notified that beginning in October there will be a very large number of foreclosure evictions in Douglas County. The ZIP codes of 80130 and 80134 will have the highest per capita foreclosure rate in the nation.

“For families that have not already moved, the Sheriff’s Department will begin evictions in October. This could be devastating for our families who are not anticipating this notification.”

When state economists, the Douglas County public trustee and the Sheriff’s Department could not confirm to The Denver Post those alarming expectations, the truth unfolded.

“It all stemmed from something I said at a meeting last week,” Artie Lehl, loan programs manager for the Douglas County Housing Partnership, said Monday.

“I said we were seeing an uptick in foreclosures. In the third quarter, foreclosures were up 7 percent in the county.

“It wasn’t going to be catastrophic — it wasn’t going to be this wave of foreclosures — but it was something the school district needed to be concerned about. I said it was going to be hard to keep kids in the district. When people get evicted, they probably leave the county.”

What followed was an internal memo.

Read the whole article here.

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