Foreclosure Activity Decreases 7 Percent in June According to RealtyTrac(TM) U.S. Foreclosure Market Report

Foreclosure Filings Still Up 87 Percent From June 2006



Jul 12, 2007, 01:00 ET from RealtyTrac Inc.

    IRVINE, Calif., July 12 /PRNewswire-FirstCall/ -- RealtyTrac(R)
 (www.realtytrac.com), the leading online marketplace for foreclosure
 properties, today released its June 2007 U.S. Foreclosure Market Report,
 which shows a total of 164,644 foreclosure filings -- default notices,
 auction sale notices and bank repossessions -- were reported during the
 month, down 7 percent from the previous month but still up 87 percent from
 June 2006. The report also shows a national foreclosure rate of one
 foreclosure filing for every 704 U.S. households for the month.
     RealtyTrac publishes the largest and most comprehensive national
 database of foreclosure and bank-owned properties, with over 1 million
 properties from nearly 2,500 counties across the country, and is the
 foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The
 Wall Street Journal's Real Estate Journal.
     "Foreclosure activity subsided somewhat in June after hitting a
 30-month high in May," said James J. Saccacio, chief executive officer of
 RealtyTrac. "And the drop in activity was fairly broad, with 33 states
 reporting month- over-month decreases. Still, the foreclosure rates in most
 states remained substantially above last year's levels."
     Nevada, California, Colorado post top foreclosure rates
     With one foreclosure filing for every 175 households in June, Nevada
 documented a foreclosure rate more than four times the national average and
 highest among the states for the sixth month in a row. The state reported
 4,722 foreclosure filings during the month, a decrease of 10 percent from
 the previous month but more than three times the number reported in June
 2006.
     Despite a 2 percent month-over-month dip in foreclosure activity,
 California registered the nation's second highest state foreclosure rate,
 one foreclosure filing for every 315 households -- up from third highest
 the previous month and 2.2 times the national average. The state reported
 38,801 foreclosure filings during the month, the most of any state for the
 sixth month in a row and more than three times the number reported in June
 2006.
     Colorado's foreclosure rate dropped from second highest to third
 highest thanks in part to a 10 percent month-over-month decrease in
 foreclosure activity in June. The state reported 5,705 foreclosure filings
 during the month, a foreclosure rate of one foreclosure filing for every
 317 households -- still more than twice the national average.
     Other states with foreclosure rates ranking among the nation's 10
 highest in June were Florida, Arizona, Ohio, Michigan, Georgia, Connecticut
 and Indiana.
     California, Florida, Ohio document largest foreclosure totals
     Following California, Florida and Ohio registered the nation's second
 and third highest state foreclosure filing totals in June. Florida reported
 21,035 foreclosure filings during the month, a 3 percent decrease from the
 previous month but still more than double the number reported in June 2006.
 The state's foreclosure rate of one foreclosure filing for every 347
 households was more than twice the national average and ranked fourth
 highest among all the states.
     Ohio reported 11,879 foreclosure filings in June, a 10 percent decrease
 from the previous month but a 100 percent increase from June 2006. With one
 foreclosure filing for every 403 households, the state's foreclosure rate
 was 1.7 times the national average and ranked sixth highest among the
 states.
     Other states with foreclosure filing totals among the nation's 10
 highest in June were Michigan, Texas, Georgia, Illinois, Arizona, Colorado
 and New Jersey.
     California cities continue to dominate top metro foreclosure rates
     California cities reported six of the nation's top 10 metropolitan
 foreclosure rates in June, and the top four spots were occupied by
 California cities: Stockton, Merced, Modesto and Riverside-San Bernardino.
 All of the top four cities registered foreclosure rates that were more than
 five times the national average. Other California cities in the top 10 were
 Vallejo-Fairfield at No. 7 and Sacramento at No. 8.
     Las Vegas documented a foreclosure rate of one foreclosure filing for
 every 138 households, giving it the fifth highest metro foreclosure rate.
 The foreclosure rate in Greeley, Colo., one foreclosure filing for every
 146 households, ranked sixth highest.
     Other cities in the top 10 were Detroit at No. 9 and Miami at No. 10.
     The RealtyTrac Monthly U.S. Foreclosure Market Report provides the
 total number of foreclosure filings -- both nationwide and by state -- over
 the preceding month. Data is also available at the individual county level.
 RealtyTrac's report includes documents filed in all three phases of
 foreclosure: Default - Notice of Default (NOD) and Lis Pendens (LIS);
 Auction - 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 repurchased by a bank).
            U.S. Foreclosure Market Statistics by State - June 2007
 
     Rate
     Rank  State Name     NOD     NTS      NFS       LIS     REO      Total
     --    U.S.        36,048  51,492   12,488    38,247  26,369    164,644
     35    Alabama          2     320        0         0     314        636
     37    Alaska           0      62        0         0      17         79
     5     Arizona          6   1,056    3,740        20     889      5,711
     16    Arkansas        24   1,095        0         0     115      1,234
     2     California  27,483   7,082        0         0   4,236     38,801
     3     Colorado        99   5,095        0         0     511      5,705
     9     Connecticut      0     204      145     1,865     172      2,386
     38    Delaware         0      75       15         6       3         99
           District of      1      15        0         0       1         17
           Columbia
     4     Florida          0       0    3,593    16,222   1,220     21,035
     8     Georgia          9   5,355        0         0   1,827      7,191
     40    Hawaii          11      95        0         0       7        113
     15    Idaho          167     376        0         0      13        556
     14    Illinois         0      86      656     4,219     794      5,755
     10    Indiana          0   1,423      599       932   1,158      4,112
     34    Iowa            26     214        0         0     217        457
     36    Kansas           0     197       61        83      22        363
     30    Kentucky         0     289      212       103     201        805
     33    Louisiana        0     418      234        17      38        707
     39    Maine           27     131        0         0      13        171
     18    Maryland         0     822      237       941     192      2,192
     13    Mass.            0   1,294      601     1,189      33      3,117
     7     Michigan     1,727   5,762        0         0   2,603     10,092
     29    Minnesota       11     709        0         0     247        967
     44    Mississippi      2     129        0         0      85        216
     20    Missouri       277   1,123        0         0     536      1,936
     45    Montana          1      66        0         0       8         75
     43    Nebraska         0      88       29         7      31        155
     1     Nevada       2,791   1,271        0         0     660      4,722
     21    New Hampshire    1     328        0         0     100        429
     11    New Jersey       0     589      132     3,875     172      4,768
     41    New Mexico       0       0        7       145      26        178
     26    New York         0       0      987     3,256     170      4,413
     27    North        1,062     134        0         0     747      1,943
           Carolina
     47    North Dakota     0       0        2         3      37         42
     6     Ohio             0   2,478      894     4,496   4,011     11,879
     28    Oklahoma       153     415        0         0     196        764
     24    Oregon         541     303        0         0      36        880
     31    Pennsylvania     0   1,348      154       363     393      2,258
     23    Rhode Island    65     200        0         0      19        284
     42    South Carolina   0      17      112        43     224        396
     49    South Dakota     0      29        3         0       2         34
     12    Tennessee      696   1,892        0         0     761      3,349
     17    Texas          200   5,596        0         0   2,729      8,525
     19    Utah           243     342        0         0      39        624
     50    Vermont          1       6        0         0       1          8
     25    Virginia       389   1,055        0         0     287      1,731
     22    Washington      28   1,495        0         0     103      1,626
     46    West Virginia    1     144        0         0       7        152
     32    Wisconsin        0     264       75       462     126        927
     48    Wyoming          4       5        0         0      20         29
 
 
                         1 for    %Change  %Change from
     Rate                every    from       June 06
     Rank  State Name    #HH      May 07
 
     --    U.S.           704     -6.53       86.68
     35    Alabama      3,088     -4.50      121.60
     37    Alaska       3,304    -41.04       61.22
     5     Arizona        383     -3.50      168.00
     16    Arkansas       951    -10.58       47.78
     2     California     315     -2.16      286.81
     3     Colorado       317     -9.75       54.40
     9     Connecticut    581      2.49      124.67*
     38    Delaware     3,465      7.61       23.75*
           District of 16,167     70.00       54.55
           Columbia
     4     Florida        347     -3.08      144.45
     8     Georgia        456    -13.30       63.80
     40    Hawaii       4,076    -12.40      413.64*
     15    Idaho          949     23.83      283.45
     14    Illinois       849    -15.67       -2.13
     10    Indiana        616    -13.52       38.36
     34    Iowa         2,697    -12.12      173.65*
     36    Kansas       3,116    -16.17       -3.71
     30    Kentucky     2,175     10.43      124.86
     33    Louisiana    2,613     38.90      419.85*
     39    Maine        3,812     20.42     3320.00*
     18    Maryland       979     24.12      370.39
     13    Mass.          841    -27.81      165.50
     7     Michigan       420      6.67      107.95
     29    Minnesota    2,136    -12.96       78.08*
     44    Mississippi  5,379     -1.37      300.00
     20    Missouri     1,261    -29.63      103.79
     45    Montana      5,502    -44.85       29.31
     43    Nebraska     4,662    -41.51       50.49
     1     Nevada         175     -9.80      279.58
           New          1,275      8.61     4666.67*
     21    Hampshire
     11    New Jersey     694     21.38       66.42
     41    New Mexico   4,385    -45.23      -66.85
     26    New York     1,740      4.50       12.95
           North        1,814    -36.61       44.68
     27    Carolina
     47    North Dakota 6,897     40.00      366.67
     6     Ohio           403    -10.10       99.92*
     28    Oklahoma     1,982    -17.67      -30.55
     24    Oregon       1,651      6.67      -36.28
     31    Pennsylvania 2,325    -21.95      -19.62
     23    Rhode Island 1,549      7.98      146.96
           South        4,428      7.90      -34.76
     42    Carolina
     49    South Dakota 9,506     30.77      112.50
     12    Tennessee      728    -12.40       39.31
     17    Texas          957    -11.69      -24.92
     19    Utah         1,232    -21.51      -34.80
     50    Vermont     36,798     60.00        0.00
     25    Virginia     1,678     -2.20      652.61
     22    Washington   1,507    -23.48       12.92
           West         5,557     -1.30      100.00
     46    Virginia
     32    Wisconsin    2,504    -10.00      161.13
     48    Wyoming      7,719    -30.95      -36.96
 
     *  Actual increase may not be as high due to expanded data coverage in
        this state.
     About RealtyTrac Inc.
     Ranked as the third largest real estate site by MediaMetrix and No. 53
 on Inc. magazine's 2006 Inc. 500 list of the nation's fastest-growing
 private companies, 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, resale and new homes, with more than 1 million properties across
 the country, property reports, productivity tools and extensive
 professional resources. RealtyTrac hosts nearly 3 million unique visitors
 monthly and has been chosen to supply foreclosure data to MSN Real Estate,
 Yahoo! Real Estate and The Wall Street Journal's Real Estate Journal. For
 current news and information regarding foreclosure-related issues and
 trends, visit our blog at www.ForeclosurePulse.com.
 
 

SOURCE RealtyTrac Inc.
    IRVINE, Calif., July 12 /PRNewswire-FirstCall/ -- RealtyTrac(R)
 (www.realtytrac.com), the leading online marketplace for foreclosure
 properties, today released its June 2007 U.S. Foreclosure Market Report,
 which shows a total of 164,644 foreclosure filings -- default notices,
 auction sale notices and bank repossessions -- were reported during the
 month, down 7 percent from the previous month but still up 87 percent from
 June 2006. The report also shows a national foreclosure rate of one
 foreclosure filing for every 704 U.S. households for the month.
     RealtyTrac publishes the largest and most comprehensive national
 database of foreclosure and bank-owned properties, with over 1 million
 properties from nearly 2,500 counties across the country, and is the
 foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The
 Wall Street Journal's Real Estate Journal.
     "Foreclosure activity subsided somewhat in June after hitting a
 30-month high in May," said James J. Saccacio, chief executive officer of
 RealtyTrac. "And the drop in activity was fairly broad, with 33 states
 reporting month- over-month decreases. Still, the foreclosure rates in most
 states remained substantially above last year's levels."
     Nevada, California, Colorado post top foreclosure rates
     With one foreclosure filing for every 175 households in June, Nevada
 documented a foreclosure rate more than four times the national average and
 highest among the states for the sixth month in a row. The state reported
 4,722 foreclosure filings during the month, a decrease of 10 percent from
 the previous month but more than three times the number reported in June
 2006.
     Despite a 2 percent month-over-month dip in foreclosure activity,
 California registered the nation's second highest state foreclosure rate,
 one foreclosure filing for every 315 households -- up from third highest
 the previous month and 2.2 times the national average. The state reported
 38,801 foreclosure filings during the month, the most of any state for the
 sixth month in a row and more than three times the number reported in June
 2006.
     Colorado's foreclosure rate dropped from second highest to third
 highest thanks in part to a 10 percent month-over-month decrease in
 foreclosure activity in June. The state reported 5,705 foreclosure filings
 during the month, a foreclosure rate of one foreclosure filing for every
 317 households -- still more than twice the national average.
     Other states with foreclosure rates ranking among the nation's 10
 highest in June were Florida, Arizona, Ohio, Michigan, Georgia, Connecticut
 and Indiana.
     California, Florida, Ohio document largest foreclosure totals
     Following California, Florida and Ohio registered the nation's second
 and third highest state foreclosure filing totals in June. Florida reported
 21,035 foreclosure filings during the month, a 3 percent decrease from the
 previous month but still more than double the number reported in June 2006.
 The state's foreclosure rate of one foreclosure filing for every 347
 households was more than twice the national average and ranked fourth
 highest among all the states.
     Ohio reported 11,879 foreclosure filings in June, a 10 percent decrease
 from the previous month but a 100 percent increase from June 2006. With one
 foreclosure filing for every 403 households, the state's foreclosure rate
 was 1.7 times the national average and ranked sixth highest among the
 states.
     Other states with foreclosure filing totals among the nation's 10
 highest in June were Michigan, Texas, Georgia, Illinois, Arizona, Colorado
 and New Jersey.
     California cities continue to dominate top metro foreclosure rates
     California cities reported six of the nation's top 10 metropolitan
 foreclosure rates in June, and the top four spots were occupied by
 California cities: Stockton, Merced, Modesto and Riverside-San Bernardino.
 All of the top four cities registered foreclosure rates that were more than
 five times the national average. Other California cities in the top 10 were
 Vallejo-Fairfield at No. 7 and Sacramento at No. 8.
     Las Vegas documented a foreclosure rate of one foreclosure filing for
 every 138 households, giving it the fifth highest metro foreclosure rate.
 The foreclosure rate in Greeley, Colo., one foreclosure filing for every
 146 households, ranked sixth highest.
     Other cities in the top 10 were Detroit at No. 9 and Miami at No. 10.
     The RealtyTrac Monthly U.S. Foreclosure Market Report provides the
 total number of foreclosure filings -- both nationwide and by state -- over
 the preceding month. Data is also available at the individual county level.
 RealtyTrac's report includes documents filed in all three phases of
 foreclosure: Default - Notice of Default (NOD) and Lis Pendens (LIS);
 Auction - 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 repurchased by a bank).
            U.S. Foreclosure Market Statistics by State - June 2007
 
     Rate
     Rank  State Name     NOD     NTS      NFS       LIS     REO      Total
     --    U.S.        36,048  51,492   12,488    38,247  26,369    164,644
     35    Alabama          2     320        0         0     314        636
     37    Alaska           0      62        0         0      17         79
     5     Arizona          6   1,056    3,740        20     889      5,711
     16    Arkansas        24   1,095        0         0     115      1,234
     2     California  27,483   7,082        0         0   4,236     38,801
     3     Colorado        99   5,095        0         0     511      5,705
     9     Connecticut      0     204      145     1,865     172      2,386
     38    Delaware         0      75       15         6       3         99
           District of      1      15        0         0       1         17
           Columbia
     4     Florida          0       0    3,593    16,222   1,220     21,035
     8     Georgia          9   5,355        0         0   1,827      7,191
     40    Hawaii          11      95        0         0       7        113
     15    Idaho          167     376        0         0      13        556
     14    Illinois         0      86      656     4,219     794      5,755
     10    Indiana          0   1,423      599       932   1,158      4,112
     34    Iowa            26     214        0         0     217        457
     36    Kansas           0     197       61        83      22        363
     30    Kentucky         0     289      212       103     201        805
     33    Louisiana        0     418      234        17      38        707
     39    Maine           27     131        0         0      13        171
     18    Maryland         0     822      237       941     192      2,192
     13    Mass.            0   1,294      601     1,189      33      3,117
     7     Michigan     1,727   5,762        0         0   2,603     10,092
     29    Minnesota       11     709        0         0     247        967
     44    Mississippi      2     129        0         0      85        216
     20    Missouri       277   1,123        0         0     536      1,936
     45    Montana          1      66        0         0       8         75
     43    Nebraska         0      88       29         7      31        155
     1     Nevada       2,791   1,271        0         0     660      4,722
     21    New Hampshire    1     328        0         0     100        429
     11    New Jersey       0     589      132     3,875     172      4,768
     41    New Mexico       0       0        7       145      26        178
     26    New York         0       0      987     3,256     170      4,413
     27    North        1,062     134        0         0     747      1,943
           Carolina
     47    North Dakota     0       0        2         3      37         42
     6     Ohio             0   2,478      894     4,496   4,011     11,879
     28    Oklahoma       153     415        0         0     196        764
     24    Oregon         541     303        0         0      36        880
     31    Pennsylvania     0   1,348      154       363     393      2,258
     23    Rhode Island    65     200        0         0      19        284
     42    South Carolina   0      17      112        43     224        396
     49    South Dakota     0      29        3         0       2         34
     12    Tennessee      696   1,892        0         0     761      3,349
     17    Texas          200   5,596        0         0   2,729      8,525
     19    Utah           243     342        0         0      39        624
     50    Vermont          1       6        0         0       1          8
     25    Virginia       389   1,055        0         0     287      1,731
     22    Washington      28   1,495        0         0     103      1,626
     46    West Virginia    1     144        0         0       7        152
     32    Wisconsin        0     264       75       462     126        927
     48    Wyoming          4       5        0         0      20         29
 
 
                         1 for    %Change  %Change from
     Rate                every    from       June 06
     Rank  State Name    #HH      May 07
 
     --    U.S.           704     -6.53       86.68
     35    Alabama      3,088     -4.50      121.60
     37    Alaska       3,304    -41.04       61.22
     5     Arizona        383     -3.50      168.00
     16    Arkansas       951    -10.58       47.78
     2     California     315     -2.16      286.81
     3     Colorado       317     -9.75       54.40
     9     Connecticut    581      2.49      124.67*
     38    Delaware     3,465      7.61       23.75*
           District of 16,167     70.00       54.55
           Columbia
     4     Florida        347     -3.08      144.45
     8     Georgia        456    -13.30       63.80
     40    Hawaii       4,076    -12.40      413.64*
     15    Idaho          949     23.83      283.45
     14    Illinois       849    -15.67       -2.13
     10    Indiana        616    -13.52       38.36
     34    Iowa         2,697    -12.12      173.65*
     36    Kansas       3,116    -16.17       -3.71
     30    Kentucky     2,175     10.43      124.86
     33    Louisiana    2,613     38.90      419.85*
     39    Maine        3,812     20.42     3320.00*
     18    Maryland       979     24.12      370.39
     13    Mass.          841    -27.81      165.50
     7     Michigan       420      6.67      107.95
     29    Minnesota    2,136    -12.96       78.08*
     44    Mississippi  5,379     -1.37      300.00
     20    Missouri     1,261    -29.63      103.79
     45    Montana      5,502    -44.85       29.31
     43    Nebraska     4,662    -41.51       50.49
     1     Nevada         175     -9.80      279.58
           New          1,275      8.61     4666.67*
     21    Hampshire
     11    New Jersey     694     21.38       66.42
     41    New Mexico   4,385    -45.23      -66.85
     26    New York     1,740      4.50       12.95
           North        1,814    -36.61       44.68
     27    Carolina
     47    North Dakota 6,897     40.00      366.67
     6     Ohio           403    -10.10       99.92*
     28    Oklahoma     1,982    -17.67      -30.55
     24    Oregon       1,651      6.67      -36.28
     31    Pennsylvania 2,325    -21.95      -19.62
     23    Rhode Island 1,549      7.98      146.96
           South        4,428      7.90      -34.76
     42    Carolina
     49    South Dakota 9,506     30.77      112.50
     12    Tennessee      728    -12.40       39.31
     17    Texas          957    -11.69      -24.92
     19    Utah         1,232    -21.51      -34.80
     50    Vermont     36,798     60.00        0.00
     25    Virginia     1,678     -2.20      652.61
     22    Washington   1,507    -23.48       12.92
           West         5,557     -1.30      100.00
     46    Virginia
     32    Wisconsin    2,504    -10.00      161.13
     48    Wyoming      7,719    -30.95      -36.96
 
     *  Actual increase may not be as high due to expanded data coverage in
        this state.
     About RealtyTrac Inc.
     Ranked as the third largest real estate site by MediaMetrix and No. 53
 on Inc. magazine's 2006 Inc. 500 list of the nation's fastest-growing
 private companies, 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, resale and new homes, with more than 1 million properties across
 the country, property reports, productivity tools and extensive
 professional resources. RealtyTrac hosts nearly 3 million unique visitors
 monthly and has been chosen to supply foreclosure data to MSN Real Estate,
 Yahoo! Real Estate and The Wall Street Journal's Real Estate Journal. For
 current news and information regarding foreclosure-related issues and
 trends, visit our blog at www.ForeclosurePulse.com.
 
 SOURCE RealtyTrac Inc.