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Treasurer: foreclosures up year‑to‑date; commissioners accept Public Trustee quarterly report
Summary
Fremont County’s Public Trustee reported an increase in foreclosure activity year-to-date and identified 66 foreclosures as of Sept. 30; commissioners accepted the Public Trustee quarterly report by motion.
FREMONT COUNTY — County Treasurer Kathy Elliott presented the Public Trustee Quarterly Report that showed an uptick in foreclosure activity compared with the prior year and trends staff said they will monitor through the end of the year.
Elliott told the board the office recorded 336 releases of deeds of trust and initiated 27 foreclosures during the quarter. Year-to-date filings stood at 66 compared with 41 at the same point last year. There were three new bankruptcy filings among foreclosure files this year and 27 sales and 32 withdrawals recorded, she said. Elliott noted that 24 of the new foreclosure filings are on Department of Veterans Affairs loans.
Elliott said the tally will decrease somewhat before the end of the calendar year because the office expects to transfer money to the general fund. Commissioners asked clarifying questions about comparative time frames and accepted the quarterly report by motion.
The report will be part of ongoing financial monitoring as the county completes its budget process later this year.
