Foreclosed homes Evergreen, CO Foreclosure homes in Evergreen, CO are starting to pop back up again. For a while the area had a very low foreclosure rate. There are a few reasons why the foreclosure rate in Evergreen is so low, appreciation. If anyone started getting behind on their mortgage they would just refi and pull some cash out to keep going. One thing we have noticed in the last year, appreciation isn’t really what it has been the last few years. We are seeing prices level off for now. What that means is that the market may see more foreclosures for sale in Evergreen and the rest of the Denver Foothills.