Dallas-Fort Worth Foreclosure Rates Drop Slightly According to RealtyTrac(TM) August U.S. Foreclosure Market Report

Metro's Foreclosure Rates Remain Higher Than Other Major Metro Areas



Texas Foreclosures Increase 33 Percent



03 Oct, 2005, 01:00 ET from RealtyTrac Inc.

    IRVINE, Calif., Oct. 3 /PRNewswire/ -- The number of foreclosures reported
 in the Dallas-Fort Worth metro area were slightly lower in August, but
 remained highest among the nation's five largest metropolitan areas, according
 to the RealtyTrac(TM) August U.S. Foreclosure Market Report.  August marks the
 third consecutive month that Dallas-Fort Worth's foreclosure rate ranked
 highest among the top-five metro areas.
     RealtyTrac publishes the largest national database of pre-foreclosure and
 foreclosure properties, with more than 550,000 properties in nearly 2,000
 counties across the country, and is the foreclosure data provider to MSN House
 & Home, Yahoo! Real Estate, AOL Real Estate and HomeGain.com.
     Dallas and Tarrant counties together reported 2,340 properties entering
 some stage of foreclosure or foreclosed on in August -- a 2.2-percent decline.
 But the metro area's foreclosure rates remained higher than foreclosure rates
 in Los Angeles, New York, Philadelphia and Chicago, even though all those
 cities reported increased foreclosures in August.
     "Dallas-Fort Worth foreclosure rates stabilized in August," said James J.
 Saccacio, RealtyTrac chief executive officer.  "It's interesting that the
 metro area's rates dropped while the rest of the state's rates increased, as
 did all four of the other metro areas that we measure."
     Dallas County foreclosures increased 6.1 percent, with 1,591 properties
 entering some stage of foreclosure or being foreclosed on in August.  With one
 foreclosure for every 537 households, the county's foreclosure rate was 2.9
 times the national average and slightly above the state average.
     With one foreclosure recorded for every 755 households, Tarrant County's
 foreclosure rate was below the state average but still more than two times the
 national average.  The county reported 749 properties entering some stage of
 foreclosure or foreclosed on -- a 16 percent drop from the previous month.
     Foreclosures dipped slightly in Collin and Denton counties. Collin County
 reported 342 foreclosures in August, 11 fewer than the previous month and one
 for every 570 households.  Denton County documented one foreclosure for every
 566 households, and the number of properties entering foreclosure or
 foreclosed on decreased by five to 297.  Both counties registered foreclosure
 rates slightly above the state average.
     The state of Texas recorded one foreclosure for every 599 households,
 2.6 times the national average.  With 13,453 properties entering some stage of
 foreclosure or foreclosed on -- a 33 percent increase -- Texas replaced
 Florida as the state with the most foreclosures reported and accounted for
 17.8 percent of the nation's total foreclosures.
     Foreclosures nationwide dropped 4.3 percent in August after two
 consecutive months of increases.  Still, August's foreclosure numbers were
 higher than any other month except for July.  A total of 75,599 properties
 entered some stage of foreclosure or were foreclosed on -- one for every 1,530
 households.
     The RealtyTrac Monthly U.S. Foreclosure Market Report provides a graphical
 map that illustrates foreclosure percentiles by state (appended to this press
 release or available by request), as well as the total number of homes in some
 stage of foreclosure nationwide and by state over the preceding month. Data is
 also available at the individual county level. RealtyTrac's report includes
 properties in all three phases of foreclosure: Pre-foreclosures -- Notice of
 Default (NOD) and Lis Pendens (LIS); Foreclosures -- Notice of Trustee Sale
 and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO
 properties (that have been foreclosed on and re-purchased by a bank).
 
     Below are foreclosure market statistics nationwide and by state:
 
 
 
      State Name        NODs    NTSs    NFSs    LISs    REOs    Total   %tile
      US 8/2005        18,629  26,107   1,583  11,339  17,941   75,599
      Alabama               2      55       0       0      16       73   13.73
      Alaska                0     133       0       0       7      140   72.55
      Arizona             520   2,271       0       0     122    2,913   94.12
      Arkansas             20     879       0       0      69      968   76.47
      California        4,174     510       0       0     126    4,810   56.86
      Colorado          1,349     132       0       0     925    2,406   92.16
      Connecticut         876       3       0       0       0      879   68.63
      Delaware              6       1       0       0      12       19   21.57
      District of
       Columbia             0       0       0       0      12       12   17.65
      Florida               0       0     977   8,656     542   10,175   96.08
      Georgia               9   2,280       0       0     884    3,173   84.31
      Hawaii            1,743      26       0       0       4    1,773  100.00
      Idaho                54      69       0       0      29      152   49.02
      Illinois          2,724      39       0       0   1,488    4,251   78.43
      Indiana             910     829       0       0   1,105    2,844   86.27
      Iowa                 14       2       0       0      79       95   27.45
      Kansas                9       5       0       0      23       37   11.76
      Kentucky            109       4       0       0      43      156   31.37
      Louisiana            48      69       0       0      57      174   33.33
      Maine                 4       0       0       0       0        4    3.92
      Maryland              8     338       0       0     336      682   52.94
      Massachusetts        33     289       0       0       2      324   39.22
      Michigan          2,314     167       0       0   1,642    4,123   82.35
      Minnesota             6      10       0       0      77       93   19.61
      Mississippi           1      19       0       0      21       41    9.80
      Missouri             36       5       0       0     630      671   47.06
      Montana               2      49       0       0       9       60   43.14
      Nebraska             56       7       0       0      18       81   37.25
      Nevada               92     420       0       0      56      568   70.59
      New Hampshire         1       0       0       0      22       23   15.69
      New Jersey          613     794       0       0     131    1,538   60.78
      New Mexico          878       4       0       0      46      928   90.20
      New York              0       0     606   2,683     135    3,424   58.82
      North Carolina      130      81       0       0     898    1,109   50.98
      North Dakota          0       1       0       0       4        5    7.84
      Ohio                143   1,839       0       0   2,588    4,570   80.39
      Oklahoma            463     523       0       0     199    1,185   74.51
      Oregon              164     226       0       0      80      470   54.90
      Pennsylvania        131   1,541       0       0     867    2,539   62.75
      Rhode Island          0       1       0       0       0        1    1.96
      South Carolina       41      12       0       0     305      358   45.10
      South Dakota          1      15       0       0       4       20   25.49
      Tennessee            10     422       0       0   1,048    1,480   66.67
      Texas                16  10,676       0       0   2,761   13,453   98.04
      Utah                605       9       0       0     286      900   88.24
      Vermont               1       1       0       0       1        3    5.88
      Virginia              0     266       0       0      43      309   35.29
      Washington           32   1,005       0       0     148    1,185   64.71
      West Virginia         0      71       0       0       3       74   29.41
      Wisconsin           278       8       0       0      27      313   41.18
      Wyoming               1       1       0       0      11       13   23.53
 
 
 
     About RealtyTrac Inc.
     Ranked as the fourth-largest real estate site by Nielsen NetRatings,
 RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for
 foreclosure properties, providing all the resources that home seekers,
 investors and real estate agents need to locate, evaluate and buy properties
 below market value.  Founded in 1996, RealtyTrac publishes the largest and
 most comprehensive national database of pre-foreclosure, foreclosure,
 For-Sale-by-Owner and new construction properties, with more than 550,000
 properties across the country, property reports, productivity tools and
 extensive professional resources.  RealtyTrac hosts close to 2 million unique
 visitors monthly and is the exclusive foreclosure data supplier to AOL, MSN
 House & Home, Yahoo Real Estate and HomeGain.  For more information, visit
 www.realtytrac.com.
 
 

SOURCE RealtyTrac Inc.
    IRVINE, Calif., Oct. 3 /PRNewswire/ -- The number of foreclosures reported
 in the Dallas-Fort Worth metro area were slightly lower in August, but
 remained highest among the nation's five largest metropolitan areas, according
 to the RealtyTrac(TM) August U.S. Foreclosure Market Report.  August marks the
 third consecutive month that Dallas-Fort Worth's foreclosure rate ranked
 highest among the top-five metro areas.
     RealtyTrac publishes the largest national database of pre-foreclosure and
 foreclosure properties, with more than 550,000 properties in nearly 2,000
 counties across the country, and is the foreclosure data provider to MSN House
 & Home, Yahoo! Real Estate, AOL Real Estate and HomeGain.com.
     Dallas and Tarrant counties together reported 2,340 properties entering
 some stage of foreclosure or foreclosed on in August -- a 2.2-percent decline.
 But the metro area's foreclosure rates remained higher than foreclosure rates
 in Los Angeles, New York, Philadelphia and Chicago, even though all those
 cities reported increased foreclosures in August.
     "Dallas-Fort Worth foreclosure rates stabilized in August," said James J.
 Saccacio, RealtyTrac chief executive officer.  "It's interesting that the
 metro area's rates dropped while the rest of the state's rates increased, as
 did all four of the other metro areas that we measure."
     Dallas County foreclosures increased 6.1 percent, with 1,591 properties
 entering some stage of foreclosure or being foreclosed on in August.  With one
 foreclosure for every 537 households, the county's foreclosure rate was 2.9
 times the national average and slightly above the state average.
     With one foreclosure recorded for every 755 households, Tarrant County's
 foreclosure rate was below the state average but still more than two times the
 national average.  The county reported 749 properties entering some stage of
 foreclosure or foreclosed on -- a 16 percent drop from the previous month.
     Foreclosures dipped slightly in Collin and Denton counties. Collin County
 reported 342 foreclosures in August, 11 fewer than the previous month and one
 for every 570 households.  Denton County documented one foreclosure for every
 566 households, and the number of properties entering foreclosure or
 foreclosed on decreased by five to 297.  Both counties registered foreclosure
 rates slightly above the state average.
     The state of Texas recorded one foreclosure for every 599 households,
 2.6 times the national average.  With 13,453 properties entering some stage of
 foreclosure or foreclosed on -- a 33 percent increase -- Texas replaced
 Florida as the state with the most foreclosures reported and accounted for
 17.8 percent of the nation's total foreclosures.
     Foreclosures nationwide dropped 4.3 percent in August after two
 consecutive months of increases.  Still, August's foreclosure numbers were
 higher than any other month except for July.  A total of 75,599 properties
 entered some stage of foreclosure or were foreclosed on -- one for every 1,530
 households.
     The RealtyTrac Monthly U.S. Foreclosure Market Report provides a graphical
 map that illustrates foreclosure percentiles by state (appended to this press
 release or available by request), as well as the total number of homes in some
 stage of foreclosure nationwide and by state over the preceding month. Data is
 also available at the individual county level. RealtyTrac's report includes
 properties in all three phases of foreclosure: Pre-foreclosures -- Notice of
 Default (NOD) and Lis Pendens (LIS); Foreclosures -- Notice of Trustee Sale
 and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO
 properties (that have been foreclosed on and re-purchased by a bank).
 
     Below are foreclosure market statistics nationwide and by state:
 
 
 
      State Name        NODs    NTSs    NFSs    LISs    REOs    Total   %tile
      US 8/2005        18,629  26,107   1,583  11,339  17,941   75,599
      Alabama               2      55       0       0      16       73   13.73
      Alaska                0     133       0       0       7      140   72.55
      Arizona             520   2,271       0       0     122    2,913   94.12
      Arkansas             20     879       0       0      69      968   76.47
      California        4,174     510       0       0     126    4,810   56.86
      Colorado          1,349     132       0       0     925    2,406   92.16
      Connecticut         876       3       0       0       0      879   68.63
      Delaware              6       1       0       0      12       19   21.57
      District of
       Columbia             0       0       0       0      12       12   17.65
      Florida               0       0     977   8,656     542   10,175   96.08
      Georgia               9   2,280       0       0     884    3,173   84.31
      Hawaii            1,743      26       0       0       4    1,773  100.00
      Idaho                54      69       0       0      29      152   49.02
      Illinois          2,724      39       0       0   1,488    4,251   78.43
      Indiana             910     829       0       0   1,105    2,844   86.27
      Iowa                 14       2       0       0      79       95   27.45
      Kansas                9       5       0       0      23       37   11.76
      Kentucky            109       4       0       0      43      156   31.37
      Louisiana            48      69       0       0      57      174   33.33
      Maine                 4       0       0       0       0        4    3.92
      Maryland              8     338       0       0     336      682   52.94
      Massachusetts        33     289       0       0       2      324   39.22
      Michigan          2,314     167       0       0   1,642    4,123   82.35
      Minnesota             6      10       0       0      77       93   19.61
      Mississippi           1      19       0       0      21       41    9.80
      Missouri             36       5       0       0     630      671   47.06
      Montana               2      49       0       0       9       60   43.14
      Nebraska             56       7       0       0      18       81   37.25
      Nevada               92     420       0       0      56      568   70.59
      New Hampshire         1       0       0       0      22       23   15.69
      New Jersey          613     794       0       0     131    1,538   60.78
      New Mexico          878       4       0       0      46      928   90.20
      New York              0       0     606   2,683     135    3,424   58.82
      North Carolina      130      81       0       0     898    1,109   50.98
      North Dakota          0       1       0       0       4        5    7.84
      Ohio                143   1,839       0       0   2,588    4,570   80.39
      Oklahoma            463     523       0       0     199    1,185   74.51
      Oregon              164     226       0       0      80      470   54.90
      Pennsylvania        131   1,541       0       0     867    2,539   62.75
      Rhode Island          0       1       0       0       0        1    1.96
      South Carolina       41      12       0       0     305      358   45.10
      South Dakota          1      15       0       0       4       20   25.49
      Tennessee            10     422       0       0   1,048    1,480   66.67
      Texas                16  10,676       0       0   2,761   13,453   98.04
      Utah                605       9       0       0     286      900   88.24
      Vermont               1       1       0       0       1        3    5.88
      Virginia              0     266       0       0      43      309   35.29
      Washington           32   1,005       0       0     148    1,185   64.71
      West Virginia         0      71       0       0       3       74   29.41
      Wisconsin           278       8       0       0      27      313   41.18
      Wyoming               1       1       0       0      11       13   23.53
 
 
 
     About RealtyTrac Inc.
     Ranked as the fourth-largest real estate site by Nielsen NetRatings,
 RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for
 foreclosure properties, providing all the resources that home seekers,
 investors and real estate agents need to locate, evaluate and buy properties
 below market value.  Founded in 1996, RealtyTrac publishes the largest and
 most comprehensive national database of pre-foreclosure, foreclosure,
 For-Sale-by-Owner and new construction properties, with more than 550,000
 properties across the country, property reports, productivity tools and
 extensive professional resources.  RealtyTrac hosts close to 2 million unique
 visitors monthly and is the exclusive foreclosure data supplier to AOL, MSN
 House & Home, Yahoo Real Estate and HomeGain.  For more information, visit
 www.realtytrac.com.
 
 SOURCE  RealtyTrac Inc.