National Foreclosures Increase Almost 19% in October According to RealtyTrac(TM) U.S. Foreclosure Market Report

12,000 New Foreclosures Push Foreclosure Rate to Highest Level This Year.



New Jersey, Texas, New Mexico Foreclosure Rates Highest in the Country.



28 Nov, 2005, 00:00 ET from RealtyTrac Inc.

    IRVINE, Calif., Nov. 28 /PRNewswire/ -- RealtyTrac(TM)
 (www.realtytrac.com), the leading online marketplace for foreclosure
 properties, today released its October 2005 Monthly U.S. Foreclosure Market
 Report, which showed 81,382 properties nationwide entered some stage of
 foreclosure in October, an 18.6 percent increase from the previous month. The
 report shows an October national foreclosure rate of one foreclosure for every
 1,422 U.S. households.
     RealtyTrac publishes the largest national database of pre-foreclosure and
 foreclosure properties, with more than 550,000 properties in over 2,000
 counties across the country, and is the foreclosure data provider to MSN Real
 Estate, Yahoo! Real Estate, AOL Real Estate and HomeGain.com.
     "New foreclosures increased in October to their highest level so far this
 year," said James J. Saccacio, chief executive officer of RealtyTrac. "Some of
 the increase can be attributed to foreclosure activity ramping up again in
 Louisiana and Mississippi after being disrupted by the recent hurricanes. But
 it's possible that increasing interest rates and other economic factors are
 beginning to move foreclosures closer to their historic levels."
     For the second month in a row, Texas reported the most new foreclosures of
 any state, with 16,386 properties entering some stage of foreclosure. That was
 a 68 percent increase from the previous month and accounted for 20 percent of
 the nation's new foreclosures in October. With one foreclosure for every 492
 households, the state's foreclosure rate was 2.9 times the national average.
     New Jersey foreclosure rates were the highest in the country, with one
 foreclosure for every 422 households, and New Mexico foreclosures ranked third
 highest, with one property in every 601 in foreclosure.
     Despite a 29 percent decrease in the number of new foreclosures,
 Colorado's foreclosure rate placed among the five highest state foreclosure
 rates for the eighth month in a row. The state reported 2,568 properties
 entering some stage of foreclosure, one for every 713 households. Although
 that was 2 times the national average, the state's foreclosure rate dropped
 from first place to fifth place among all the states.
     Ohio and California continued to rank among the five states reporting the
 most new foreclosures. Ohio reported 4,700 properties entering some stage of
 foreclosure in October -- a 19 percent decrease from the previous month. But
 with one foreclosure for every 1,018 households, the state's foreclosure rate
 was still 1.4 times the national average. California's foreclosure rate
 continued to register well below the national average, with one foreclosure
 for every 2,610 households. The state reported a total of 4,679 properties
 entering some stage of foreclosure, a 6.3 percent decline from the previous
 month.
     Florida foreclosures decreased 17 percent in October, and the state's
 foreclosure rate dropped out of the five highest state foreclosure rates, with
 one foreclosure for every 958 households. But with a total of 7,629 properties
 entering some stage of foreclosure in October, Florida continued to rank among
 the five states reporting the most new foreclosures.
     New foreclosures in Louisiana and Mississippi were below the levels
 reported before Hurricane Katrina hit despite a 25 percent increase in
 Louisiana and an 82 percent increase in Mississippi. Alabama foreclosures
 decreased 12 percent in October.
     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 repurchased by a bank).
 
     Below are foreclosure market statistics nationwide and by state:
 
 
     State Name     NODs      NTSs    NFSs     LISs      REOs   Total   %change
     US 10/2005   21,824    31,832   1,947    8,526    17,253  81,382     18.55
     Alabama           6        41       0        0       111     158    -11.73
     Alaska            1        77       0        0        13      91      8.33
     Arizona         106      1713       0        0       116    1935     -6.88
     Arkansas         23       506       0        0        86     615    -34.99
     California     3854       663       0        0       162    4679     -6.31
     Colorado       1728       144       0        0       696    2568    -28.71
     Connecticut    2170        14       0        0         3    2187   7710.71
     Delaware          2         2       0        0         2       6    -40.00
     District
      of Columbia      0         1       0        0         7       8    -33.33
     Florida           0         0     842     6443       344    7629    -16.92
     Georgia           7      2554       0        0       897    3458    -11.85
     Hawaii           24        16       0        0         3      43    -56.12
     Idaho            56       102       0        0        19     177      3.51
     Illinois       1922        99       0        0      1149    3170    -20.29
     Indiana         835       609       0        0       673    2117    -13.87
     Iowa             12        20       0        0       108     140      1.45
     Kansas           12         6       0        0        81      99     -1.00
     Kentucky        104        21       0        0        25     150    -10.71
     Louisiana        15        46       0        0       189     250     25.00
     Maine             2         1       0        0         0       3    -57.14
     Maryland          4       296       0        0       138     438    -12.75
     Massachusetts    53       790       0        0         7     850   4373.68
     Michigan         41      1974       0        0      2354    4369     66.63
     Minnesota        45        26       0        0       175     246     64.00
     Mississippi       2        50       0        0       115     167     81.52
     Missouri         23        72       0        0       871     966      2.66
     Montana           1        75       0        0        28     104     -7.96
     Nebraska        149         6       0        0        47     202    -42.29
     Nevada           43       271       0        0        25     339    -40.42
     New Hampshire     0         4       0        0         5       9    350.00
     New Jersey     7375       309       0        0       151    7835    218.37
     New Mexico      962       301       0        0        35    1298    332.67
     New York          1         0    1105     2083       357    3546     42.24
     North Carolina   28       184       0        0       948    1160     27.61
     North Dakota      0         1       0        0         3       4    -42.86
     Ohio            160      2145       0        0      2395    4700    -18.95
     Oklahoma        265       393       0        0       247     905     -7.93
     Oregon          159       235       0        0        59     453    -20.53
     Pennsylvania    525      1406       0        0       715    2646     11.22
     Rhode Island      0         1       0        0         0       1      0.00
     South Carolina   32        74       0        0       407     513     51.33
     South Dakota      0         0       0        0         3       3    -82.35
     Tennessee         8       828       0        0      1010    1846    -14.26
     Texas            88     14367       0        0      1931   16386     68.30
     Utah            654        33       0        0       258     945      2.72
     Vermont           2         1       0        0         4       7    250.00
     Virginia          3       214       0        0        93     310     37.78
     Washington       24       892       0        0        85    1001      1.62
     West Virginia     0        71       0        0         0      71    -30.39
     Wisconsin       298       172       0        0        60     530      3.92
     Wyoming           0         2       0        0        14      16    -27.27
 
     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 has been chosen to supply foreclosure data to AOL Real Estate, MSN
 Real Estate, Yahoo! Real Estate and HomeGain.com. For more information, visit
 www.realtytrac.com.
 
 

SOURCE RealtyTrac Inc.
    IRVINE, Calif., Nov. 28 /PRNewswire/ -- RealtyTrac(TM)
 (www.realtytrac.com), the leading online marketplace for foreclosure
 properties, today released its October 2005 Monthly U.S. Foreclosure Market
 Report, which showed 81,382 properties nationwide entered some stage of
 foreclosure in October, an 18.6 percent increase from the previous month. The
 report shows an October national foreclosure rate of one foreclosure for every
 1,422 U.S. households.
     RealtyTrac publishes the largest national database of pre-foreclosure and
 foreclosure properties, with more than 550,000 properties in over 2,000
 counties across the country, and is the foreclosure data provider to MSN Real
 Estate, Yahoo! Real Estate, AOL Real Estate and HomeGain.com.
     "New foreclosures increased in October to their highest level so far this
 year," said James J. Saccacio, chief executive officer of RealtyTrac. "Some of
 the increase can be attributed to foreclosure activity ramping up again in
 Louisiana and Mississippi after being disrupted by the recent hurricanes. But
 it's possible that increasing interest rates and other economic factors are
 beginning to move foreclosures closer to their historic levels."
     For the second month in a row, Texas reported the most new foreclosures of
 any state, with 16,386 properties entering some stage of foreclosure. That was
 a 68 percent increase from the previous month and accounted for 20 percent of
 the nation's new foreclosures in October. With one foreclosure for every 492
 households, the state's foreclosure rate was 2.9 times the national average.
     New Jersey foreclosure rates were the highest in the country, with one
 foreclosure for every 422 households, and New Mexico foreclosures ranked third
 highest, with one property in every 601 in foreclosure.
     Despite a 29 percent decrease in the number of new foreclosures,
 Colorado's foreclosure rate placed among the five highest state foreclosure
 rates for the eighth month in a row. The state reported 2,568 properties
 entering some stage of foreclosure, one for every 713 households. Although
 that was 2 times the national average, the state's foreclosure rate dropped
 from first place to fifth place among all the states.
     Ohio and California continued to rank among the five states reporting the
 most new foreclosures. Ohio reported 4,700 properties entering some stage of
 foreclosure in October -- a 19 percent decrease from the previous month. But
 with one foreclosure for every 1,018 households, the state's foreclosure rate
 was still 1.4 times the national average. California's foreclosure rate
 continued to register well below the national average, with one foreclosure
 for every 2,610 households. The state reported a total of 4,679 properties
 entering some stage of foreclosure, a 6.3 percent decline from the previous
 month.
     Florida foreclosures decreased 17 percent in October, and the state's
 foreclosure rate dropped out of the five highest state foreclosure rates, with
 one foreclosure for every 958 households. But with a total of 7,629 properties
 entering some stage of foreclosure in October, Florida continued to rank among
 the five states reporting the most new foreclosures.
     New foreclosures in Louisiana and Mississippi were below the levels
 reported before Hurricane Katrina hit despite a 25 percent increase in
 Louisiana and an 82 percent increase in Mississippi. Alabama foreclosures
 decreased 12 percent in October.
     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 repurchased by a bank).
 
     Below are foreclosure market statistics nationwide and by state:
 
 
     State Name     NODs      NTSs    NFSs     LISs      REOs   Total   %change
     US 10/2005   21,824    31,832   1,947    8,526    17,253  81,382     18.55
     Alabama           6        41       0        0       111     158    -11.73
     Alaska            1        77       0        0        13      91      8.33
     Arizona         106      1713       0        0       116    1935     -6.88
     Arkansas         23       506       0        0        86     615    -34.99
     California     3854       663       0        0       162    4679     -6.31
     Colorado       1728       144       0        0       696    2568    -28.71
     Connecticut    2170        14       0        0         3    2187   7710.71
     Delaware          2         2       0        0         2       6    -40.00
     District
      of Columbia      0         1       0        0         7       8    -33.33
     Florida           0         0     842     6443       344    7629    -16.92
     Georgia           7      2554       0        0       897    3458    -11.85
     Hawaii           24        16       0        0         3      43    -56.12
     Idaho            56       102       0        0        19     177      3.51
     Illinois       1922        99       0        0      1149    3170    -20.29
     Indiana         835       609       0        0       673    2117    -13.87
     Iowa             12        20       0        0       108     140      1.45
     Kansas           12         6       0        0        81      99     -1.00
     Kentucky        104        21       0        0        25     150    -10.71
     Louisiana        15        46       0        0       189     250     25.00
     Maine             2         1       0        0         0       3    -57.14
     Maryland          4       296       0        0       138     438    -12.75
     Massachusetts    53       790       0        0         7     850   4373.68
     Michigan         41      1974       0        0      2354    4369     66.63
     Minnesota        45        26       0        0       175     246     64.00
     Mississippi       2        50       0        0       115     167     81.52
     Missouri         23        72       0        0       871     966      2.66
     Montana           1        75       0        0        28     104     -7.96
     Nebraska        149         6       0        0        47     202    -42.29
     Nevada           43       271       0        0        25     339    -40.42
     New Hampshire     0         4       0        0         5       9    350.00
     New Jersey     7375       309       0        0       151    7835    218.37
     New Mexico      962       301       0        0        35    1298    332.67
     New York          1         0    1105     2083       357    3546     42.24
     North Carolina   28       184       0        0       948    1160     27.61
     North Dakota      0         1       0        0         3       4    -42.86
     Ohio            160      2145       0        0      2395    4700    -18.95
     Oklahoma        265       393       0        0       247     905     -7.93
     Oregon          159       235       0        0        59     453    -20.53
     Pennsylvania    525      1406       0        0       715    2646     11.22
     Rhode Island      0         1       0        0         0       1      0.00
     South Carolina   32        74       0        0       407     513     51.33
     South Dakota      0         0       0        0         3       3    -82.35
     Tennessee         8       828       0        0      1010    1846    -14.26
     Texas            88     14367       0        0      1931   16386     68.30
     Utah            654        33       0        0       258     945      2.72
     Vermont           2         1       0        0         4       7    250.00
     Virginia          3       214       0        0        93     310     37.78
     Washington       24       892       0        0        85    1001      1.62
     West Virginia     0        71       0        0         0      71    -30.39
     Wisconsin       298       172       0        0        60     530      3.92
     Wyoming           0         2       0        0        14      16    -27.27
 
     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 has been chosen to supply foreclosure data to AOL Real Estate, MSN
 Real Estate, Yahoo! Real Estate and HomeGain.com. For more information, visit
 www.realtytrac.com.
 
 SOURCE  RealtyTrac Inc.