Foreclosure Filings Up 93 Percent From July 2006

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    IRVINE, Calif., Aug. 21 /PRNewswire/ -- RealtyTrac(R)
 (http://www.realtytrac.com), the leading online marketplace for foreclosure
 properties, today released its July 2007 U.S. Foreclosure Market Report,
 which shows a total of 179,599 foreclosure filings -- default notices,
 auction sale notices and bank repossessions -- were reported during the
 month, up 9 percent from the previous month and up 93 percent from July
 2006. The report also shows a national foreclosure rate of one foreclosure
 filing for every 693 households for the month.
     (Logo: http://www.newscom.com/cgi-bin/prnh/20070821/LATU056 )
     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.
     "While 43 states experienced year-over-year increases in foreclosure
 activity, just five states -- California, Florida, Michigan, Ohio and
 Georgia -- accounted for more than half of the nation's total foreclosure
 filings," said James J. Saccacio, chief executive officer of RealtyTrac.
 "Meanwhile, a few states actually reported declining foreclosure activity
 on a year-over-year basis. Some of these states could be benefiting from
 increased interest from real estate investors who have pulled out of more
 volatile markets where home price appreciation seems to have hit its peak
 for the time being. In contrast, states like Texas, South Carolina and Utah
 have seen slow but steady price appreciation over the past five years,
 making them much more attractive and affordable."
     Nevada, Georgia, Michigan post top foreclosure rates
     Nevada documented the nation's highest state foreclosure rate for the
 seventh month in a row, one foreclosure filing for every 199 households --
 more than three times the national average. The state reported a total of
 5,116 foreclosure filings during the month, up 8 percent from the previous
 month and up 215 percent from July 2006.
     Georgia's foreclosure rate leapfrogged from eighth highest in June to
 second highest in July thanks to a 75 percent increase in foreclosure
 activity from the previous month. The state reported 12,602 foreclosure
 filings, a 168 percent increase from July 2006 and a foreclosure rate of
 one foreclosure filing for every 299 households -- 2.3 times the national
 average.
     Michigan's foreclosure rate of one foreclosure filing for every 320
 households ranked third highest among the states in July, up from seventh
 highest in June. The state reported 13,979 foreclosure filings during the
 month, a 39 percent month-over-month increase and a 130 percent
 year-over-year increase.
     Other states with foreclosure rates ranking among the nation's 10
 highest in July were California, Colorado, Ohio, Florida, Arizona,
 Massachusetts and Indiana.
     California, Florida, Michigan document largest foreclosure totals
     California reported 39,013 foreclosure filings in July, the most of any
 state for the seventh month in a row and up 289 percent from July 2006. The
 state's foreclosure activity was up less than 1 percent from the previous
 month, helping its foreclosure rate -- one foreclosure filing for every 333
 households -- slip from second highest to fourth highest among the states.
     Despite a 9 percent drop in foreclosure activity over the previous
 month, Florida continued to document the nation's second highest number of
 foreclosure filings in July. The state reported 19,179 foreclosure filings
 during the month, still up 78 percent from July 2006 and a foreclosure rate
 of one foreclosure filing for every 431 households -- seventh highest among
 the states and 1.6 times the national average.
     Michigan replaced Ohio as the state with the third highest number of
 foreclosure filings, and Ohio dropped to the No. 4 spot despite reporting a
 12 percent month-over-month increase in foreclosure activity in July.
     Other states with foreclosure filing totals among the nation's 10
 highest in July were Georgia, Texas, Colorado, Arizona, Illinois and
 Nevada.
     Detroit tops list of metro foreclosure rates
     Detroit posted a 70 percent month-over-month increase in foreclosure
 activity in July, pushing the city's foreclosure rate to one foreclosure
 filing for every 97 households -- more than seven times the national
 average and highest among 229 metro areas tracked in the RealtyTrac report.
 The city reported a total of 8,683 foreclosure filings during the month.
     Six California metropolitan areas reported foreclosure rates among the
 top 10 in July: Stockton at No. 2; Merced at No. 3; Modesto at No. 4;
 Vallejo-Fairfield at No. 5; Riverside-San Bernardino at No. 8; and
 Sacramento at No. 9
     Other cities with foreclosure rates among the 10 highest were Las Vegas
 at No. 6, Atlanta at No. 7, and Greeley, Colo., 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 - July 2007
 
    Rate
    Rank   State Name            NOD       NTS       NFS       LIS       REO
     --      U.S.              36,741    57,327    23,136    35,553    26,842
     38    Alabama                  1       379         0         0       119
     36    Alaska                   0        80         0         0         5
     8     Arizona                 10     5,138         0         0       725
     17    Arkansas                20       861         0         0       163
     4     California          27,071     7,498         0         0     4,444
     5     Colorado                59     5,261         0         0       600
     11    Connecticut                        0       129      1873       116
     39    Delaware                 0         0        27         2        55
           District of Columbia     0         6         0         0         1
     7     Florida                  9        87     3,449    14,828       806
     2     Georgia                 19    11,122         0         0     1,461
     45    Hawaii                   1        81         0         0         3
     19    Idaho                  206       200         0         0        17
     15    Illinois                 1       153       605     4,243       528
     10    Indiana                  4        36     2,332     1,024     1,079
     28    Iowa                    21       394         0         0       206
     32    Kansas                   0         9       284       137         0
     33    Kentucky                 3        18       345       102       176
     37    Louisiana                0         4       470        25        58
     43    Maine                   32        92         0         0         1
     16    Maryland                 0         4     1,432       637       141
     9     Mass.                    0         0      3076      1337       220
     3     Michigan             2,293     6,947         0         0     4,739
     29    Minnesota               20       855         0         0       172
     46    Mississippi              3       134         0         0        31
     18    Missouri               354       987         0         0       692
     42    Montana                  6        74         0         0         4
     35    Nebraska                 0         6       200         6        37
     1     Nevada               3,367     1,064         0         0       685
     34    New Hampshire            2        87         0         0       109
     14    New Jersey               2         4     1,123     2,813       215
     44    New Mexico               0         0         6       112        29
     25    New York                 1        12       804     3,131       322
     27    North Carolina       1,221       165         0         0       513
     49    North Dakota             0         0         3         1        22
     6     Ohio                    10        89     5,961     4,197     3,059
     22    Oklahoma               177       515         0         0       207
     30    Oregon                 404       246         0         0        19
     24    Pennsylvania             2        12     2,408       374       194
     31    Rhode Island             1       167
     40    South Carolina           0        26       109        50       227
     48    South Dakota             0         0        29         0         1
     13    Tennessee              687     2,293         0         0       546
     12    Texas                  261     8,670         0         0     3,510
     23    Utah                   117       334         0         0        34
     50    Vermont                  6         3         0         0         0
     21    Virginia               332     1,421         0         0       206
     20    Washington              16     1,630         0         0       125
     47    West Virginia            0        94         0         0         0
     26    Wisconsin                0        36       344       661       206
     41    Wyoming                  2        33         0         0        14
 
 
 
                                                 1 for     %Change     %Change
     Rate                                        every       from       from
     Rank   State Name               Total        #HH       Jun 07     Jul 06
     --       U.S.                 179,599         693        9.08      93.44
     38     Alabama                    499       4,173      -21.54      62.54
     36     Alaska                      85       3,226        7.59       2.41
     8      Arizona                  5,873         433        2.84     189.31
     17     Arkansas                 1,044       1,196      -15.40      47.88
     4      California              39,013         333        0.55     289.16
     5      Colorado                 5,920         347        3.77      55.38
     11     Connecticut               2118         672      -11.23     104.05*
     39     Delaware                    84       4,463      -15.15      21.74
            District of Columbia         7      39,682      -58.82     133.33*
     7      Florida                 19,179         431       -8.82      78.29
     2      Georgia                 12,602         299       75.25     167.73
     45     Hawaii                      85       5,777      -24.78      60.38*
     19     Idaho                      423       1,408      -23.92      82.33
     15     Illinois                 5,530         930       -3.91      10.20
     10     Indiana                  4,475         609        8.83      34.59
     28     Iowa                       621       2,105       35.89     283.33*
     32     Kansas                     430       2,782       18.46       5.39
     33     Kentucky                   644       2,897      -20.00      19.70
     37     Louisiana                  557       3,484      -21.22      90.10
     43     Maine                      125       5,470      -26.90    1462.50*
     16     Maryland                 2,214       1,027        1.00     575.00
     9      Mass.                    4,633         580       48.64     386.66
     3      Michigan                13,979         320       38.52     130.30
     29     Minnesota                1,047       2,151        8.27     145.20*
     46     Mississippi                168       7,354      -22.22      93.10
     18     Missouri                 2,033       1,275        5.01      54.02
     42     Montana                     84       5,099       12.00      25.37
     35     Nebraska                   249       3,080       60.65      99.20
     1      Nevada                   5,116         199        8.34     214.64
     34     New Hampshire              198       2,946      -53.85    1137.50*
     14     New Jersey               4,157         828      -12.81      52.55
     44     New Mexico                 147       5,705      -17.42     -26.87
     25     New York                 4,270       1,839       -3.24      22.56
     27     North Carolina           1,899       2,075       -2.26      12.10
     49     North Dakota                26      11,710      -38.10     136.36
     6      Ohio                    13,316         376       12.10     142.73
     22     Oklahoma                   899       1,767       17.67     -34.38
     30     Oregon                     669       2,329      -23.98      10.95
     24     Pennsylvania             2,990       1,813       32.42       0.50
     31     Rhode Island               168       2,666      -40.85     -18.84
     40     South Carolina             412       4,679        4.04      -6.15
     48     South Dakota                30      11,598      -11.76      42.86
     13     Tennessee                3,526         748        5.29      48.59
     12     Texas                   12,441         726       45.94      -5.05
     23     Utah                       485       1,800      -22.28     -58.37
     50     Vermont                      9      34,149       12.50     350.00
     21     Virginia                 1,959       1,621       13.17     303.09
     20     Washington               1,771       1,497        8.92      48.95
     47     West Virginia               94       9,279      -38.16      -9.62
     26     Wisconsin                1,247       2,004       34.52     116.87
     41     Wyoming                     49       4,811       68.97      16.67
 
     *  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. (http://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 http://www.ForeclosurePulse.com.
 
 

SOURCE RealtyTrac Inc.