1.9 MILLION FORECLOSURE FILINGS REPORTED ON MORE THAN 1.5 MILLION U.S. PROPERTIES IN FIRST HALF OF 2009

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1.9 MILLION FORECLOSURE FILINGS REPORTED ON MORE THAN 1.5 MILLION U.S. PROPERTIES IN FIRST HALF OF 2009
By RealtyTrac Staff

U.S. Foreclosure Activity Up 11 Percent in Q2 to Highest Quarterly Total on Record
June Marks Fourth Straight Month with More Than 300,000 Properties with Filings

IRVINE, Calif. – July 16, 2009 – RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Midyear 2009 U.S. Foreclosure Market Report, which shows a total of 1,905,723 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,528,364 U.S. properties in the first six months of 2009, a 9 percent increase in total properties from the previous six months and a nearly 15 percent increase in total properties from the first six months of 2008. The report also shows that 1.19 percent of all U.S. housing units (one in 84) received at least one foreclosure filing in the first half of the year.

Foreclosure filings were reported on 336,173 U.S. properties in June, the fourth straight monthly total exceeding 300,000 and helping to boost the second quarter total to the highest quarterly total since RealtyTrac began issuing its report in the first quarter of 2005. Foreclosure filings were reported on 889,829 U.S. properties in the second quarter, an increase of nearly 11 percent from the previous quarter and a 20 percent increase from the second quarter of 2008.

“In spite of the industry-wide moratorium earlier this year, along with local, state and national legislative action and increased levels of loan modification activity, foreclosure activity continues to increase to record levels,” noted James J. Saccacio, chief executive officer of RealtyTrac. “Unemployment-related foreclosures account for much of this increased activity, and the high number of borrowers who find themselves owing more on their mortgages than their homes’ are now worth represent a potentially significant future risk. Stemming the tide of foreclosures is a critical component to stabilizing the housing market, so it is imperative that the lending industry and the government work in tandem to find new approaches to address this issue.”

Nevada, Arizona, Florida post top state foreclosure rates
More than 6 percent of Nevada housing units (one in 16) received at least one foreclosure filing in the first half of 2009, giving it the nation’s highest foreclosure rate during the six-month period. A total of 68,708 Nevada properties received a foreclosure filing from January to June, an increase of 23 percent from the previous six months and an increase of 61 percent from the first half of 2008.

Arizona registered the nation’s second highest state foreclosure rate in the first half of 2009, with 3.37 percent of its housing units (one in 30) receiving at least one foreclosure filing, and Florida registered the nation’s third highest state foreclosure rate, with 3.08 percent of its housing units (one in 33) receiving at least one foreclosure filing.

Other states with foreclosure rates ranking among the nation’s 10 highest were California (2.94 percent), Utah (1.46 percent), Georgia (1.42 percent), Michigan (1.34 percent), Illinois (1.31 percent), Idaho (1.26 percent) and Colorado (1.25 percent).

California, Florida, Arizona post highest foreclosure totals
A total of 391,611 California properties received a foreclosure filing in the first half of 2009, the nation’s highest total and 2.94 percent of the state’s housing units (one in 34) — the nation’s fourth highest state foreclosure rate. California foreclosure activity in the first half of 2009 increased nearly 14 percent from the previous six months and increased nearly 15 percent from the first half of 2008.

With 268,064 properties receiving a foreclosure filing in the first six months of 2009, Florida documented the second highest state total. Florida foreclosure activity in the first half of 2009 increased 7 percent from the previous six months and was up nearly 42 percent from the first half of 2008.

Arizona’s 89,799 properties receiving a foreclosure filing in the first six months of 2009 was the third highest state total. Arizona foreclosure activity in the first half of 2009 increased 13 percent from the previous six months and was up nearly 55 percent from the first half of 2008.

Other states with totals among the 10 highest in the country were Illinois (68,932), Nevada (68,708), Michigan (60,786), Ohio (58,937), Georgia (56,391), Texas (49,144) and Virginia (28,368).

Report methodology
The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the first half of the year at the state and national level. Data is also available at the individual county level. Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90 percent of the U.S. population. RealtyTrac’s report incorporates 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). If more than one foreclosure document is filed against a property during six-month period, only the most recent filing is counted in the report.

U.S. Foreclosure Market Data by State – Jan to Jun 2009
Rate Rank	State Name	Total Foreclosure Filings	%Housing Units	1/every X HU	%Change from Jul-Dec 08	%Change from Jan-Jun 08
--	U.S.	1,528,364	1.19	84	9.46	14.66
30	Alabama	9,657	0.45	221	125.47*	179.75*
34	Alaska	1,072	0.38	263	-8.22	18.45
2	Arizona	89,799	3.37	30	13.28	54.51
25	Arkansas	8,646	0.67	149	8.75	25.69
4	California	391,611	2.94	34	13.69	14.52
10	Colorado	26,565	1.25	80	-0.70	-18.62
27	Connecticut	8,801	0.61	163	-16.56	-31.18
32	Delaware	1,559	0.40	249	0.26	32.01
	District of Columbia	1,776	0.62	160	-11.90	-31.06
3	Florida	268,064	3.07	33	7.16	41.95
6	Georgia	56,391	1.42	70	17.79	16.06
18	Hawaii	3,603	0.71	141	53.19	296.81
9	Idaho	7,952	1.26	79	46.20	112.90*
8	Illinois	68,932	1.31	76	19.23	29.46
13	Indiana	24,665	0.89	113	-2.89	-10.77
41	Iowa	2,996	0.23	444	1.32	3.67
33	Kansas	4,660	0.38	262	17.71	43.61
40	Kentucky	4,356	0.23	438	-4.68	28.95*
39	Louisiana	5,160	0.28	360	40.95*	34.38*
42	Maine	1,540	0.22	452	-6.95	10.63
15	Maryland	18,112	0.78	128	3.38	2.76
23	Mass.	18,458	0.68	147	6.24	-43.73
7	Michigan	60,786	1.34	74	1.29	-1.28
24	Minnesota	15,537	0.67	148	36.41	52.74
43	Mississippi	2,175	0.17	577	89.46	94.37*
28	Missouri	13,880	0.52	191	-17.13†	-21.11†
48	Montana	290	0.07	1,502	-49.03	-59.61
45	Nebraska	638	0.08	1,224	-48.92	-69.65
1	Nevada	68,708	6.23	16	23.26	61.33
22	New Hampshire	4,044	0.68	147	5.23	24.16
21	New Jersey	23,889	0.68	146	-29.28	-30.25
37	New Mexico	2,631	0.31	328	43.69*	11.11*
38	New York	24,210	0.30	328	10.67	-18.87
36	North Carolina	12,642	0.31	326	-25.88	-37.91
49	North Dakota	200	0.06	1,553	-24.24	85.19*
12	Ohio	58,937	1.16	86	-5.81	-14.76
35	Oklahoma	5,609	0.35	289	-13.49	-27.03
11	Oregon	19,053	1.18	84	56.20	122.43
31	Pennsylvania	23,864	0.44	230	3.27	24.61*
19	Rhode Island	3,172	0.70	142	-11.52	-7.95
26	South Carolina	13,145	0.65	154	33.32	125.12*
47	South Dakota	256	0.07	1,395	4.92	59.01
16	Tennessee	20,365	0.75	134	-4.05	-20.96††
29	Texas	49,144	0.52	192	6.25	-14.38
5	Utah	13,496	1.46	69	37.43	87.65
50	Vermont	35	0.01	8,898	-55.70	-42.62
14	Virginia	28,368	0.87	115	-3.05†	3.76†
17	Washington	19,855	0.72	138	23.17	43.01
46	West Virginia	663	0.08	1,331	111.82	73.56
20	Wisconsin	17,984	0.70	142	70.92	49.69*
44	Wyoming	413	0.17	587	-10.22	43.40

		Properties with Foreclosure Filings Q2 2009
Rate Rank	State Name	NOD	LIS	NTS	NFS	REO	Total	1/every X HU (rate)	%Change from Q1 09	%Change from Q2 08
--	United States	155,400	181,722	266,833	89,617	196,257	889,829	144	10.75	20.29
27	Alabama	1	0	4,847	0	1,556	6,404	334	74.54	250.14*
34	Alaska	7	0	449	0	132	588	480	6.72	16.21
4	Arizona	23	0	34,872	0	13,019	47,914	56	-2.45	28.70
23	Arkansas	418	0	3,106	0	1,116	4,640	277	1.29	33.56
2	California	124,275	0	84,211	0	45,419	253,905	52	9.96	25.32
9	Colorado	41	0	10,938	0	3,618	14,597	146	15.80	-10.08
33	Connecticut	0	2,100	0	312	616	3,028	475	-48.47	-38.77
32	Delaware	0	0	0	609	244	853	456	3.02	40.99
	District of Columbia	365	0	452	0	174	991	287	18.40	-15.66
3	Florida	0	101,602	0	37,664	18,777	158,043	55	32.56	44.42
7	Georgia	2	0	22,057	0	9,233	31,292	127	9.38	12.75
15	Hawaii	535	0	1,380	0	211	2,126	238	36.81	328.63
6	Idaho	2,433	0	2,552	0	115	5,100	124	18.80	144.49
10	Illinois	0	11,807	0	12,130	8,849	32,786	160	-15.86	21.93
13	Indiana	0	4,767	1	5,697	3,404	13,869	200	11.33	-0.15
41	Iowa	0	0	701	0	955	1,656	803	5.34	19.83
35	Kansas	0	480	0	1,238	717	2,435	501	-4.55	24.17
40	Kentucky	0	976	0	1,179	689	2,844	670	63.92*	55.07*
38	Louisiana	0	134	0	2,498	654	3,286	566	66.72*	73.68*
42	Maine	0	263	0	500	66	829	840	6.83	0.48
17	Maryland	0	6,543	0	1,101	1,676	9,320	249	0.33	-1.40
19	Mass.	0	7,178	0	1,994	1,606	10,778	253	31.55	-33.36
8	Michigan	0	0	19,444	0	14,369	33,813	134	1.90	2.88
18	Minnesota	63	0	5,342	0	3,729	9,134	252	27.34	61.01
43	Mississippi	0	0	1,131	0	344	1,475	851	92.06	117.23
29	Missouri	3	0	4,107	0	3,180	7,290	363	-0.01	-24.66†
48	Montana	0	0	15	0	136	151	2,884	-1.31	-55.06
45	Nebraska	0	376	0	7	35	418	1,868	88.29	-67.19
1	Nevada	21,713	0	12,963	0	9,019	43,695	25	5.81	77.21
25	New Hampshire	0	0	1,607	0	441	2,048	290	-7.96	17.84
24	New Jersey	0	7,660	0	3,202	1,662	12,524	279	6.96	-27.56
31	New Mexico	0	1,038	0	670	291	1,999	431	144.68*	73.83*
39	New York	0	10,082	0	2,181	1,401	13,664	581	24.03	-14.73
37	North Carolina	1,257	0	3,263	0	3,099	7,619	541	27.24	-27.51
49	North Dakota	0	1	0	48	39	88	3,529	-27.27	72.55*
11	Ohio	0	12,000	0	10,163	8,954	31,117	163	-1.51	-17.44
36	Oklahoma	936	0	1,487	0	633	3,056	531	4.95	-21.36
12	Oregon	221	0	7,225	0	2,189	9,635	167	-8.65	109.05
30	Pennsylvania	0	5,341	0	4,900	2,979	13,220	414	12.06	27.03*
22	Rhode Island	13	0	420	0	1,226	1,659	272	-3.04	-0.06
26	South Carolina	0	3,970	0	999	1,830	6,799	297	-3.09	113.87*
46	South Dakota	0	81	0	74	5	160	2,233	66.67	72.04
21	Tennessee	0	0	6,090	0	4,387	10,477	260	1.11	-12.75††
28	Texas	39	0	15,541	0	11,236	26,816	352	6.16	-7.88
5	Utah	3,041	0	3,252	0	2,143	8,436	110	37.33	111.91
50	Vermont	0	0	1	0	13	14	22,245	-33.33	-62.16
14	Virginia	13	0	10,917	0	4,487	15,417	212	4.70	8.75†
16	Washington	0	0	8,013	0	3,181	11,194	245	15.25	45.00
47	West Virginia	0	0	311	0	30	341	2,589	1.79	74.87
20	Wisconsin	0	5,323	0	2,451	2,284	10,058	255	12.88	61.83*
44	Wyoming	1	0	138	0	89	228	1,063	5.07	43.40

		Properties with Foreclosure Filings - June 2009
Rate Rank	State Name	NOD	LIS	NTS	NFS	REO	Total	1/every X HU (rate)	%Change from May 09	%Change from Jun 08
--	United States	57,028	59,105	108,875	32,729	79,660	337,397	379	4.95	33.70
24	Alabama	0	0	1,966	0	750	2,716	787	38.08	250.90*
37	Alaska	0	0	165	0	45	210	1,344	9.95	9.38
3	Arizona	12	0	11,263	0	5,559	16,834	158	-0.18	29.99
22	Arkansas	143	0	1,062	0	462	1,667	772	-0.24	48.05
2	California	44255	0	36,145	0	20,642	101,042	132	9.54	47.15
9	Colorado	6	0	4,004	0	1,714	5,724	372	17.39	17.34
28	Connecticut	0	991	0	222	242	1,455	989	31.56	-10.35
30	Delaware	0	0	0	235	106	341	1,140	-11.66	59.35
	District of Columbia	186	0	155	0	76	417	682	39.46	-19.65
4	Florida	0	32,219	0	13,312	7,367	52,898	165	-10.24	31.09
6	Georgia	1	0	11,050	0	2,973	14,024	282	33.36	60.94
19	Hawaii	155	0	460	0	91	706	718	-13.48	426.87
8	Idaho	1098	0	745	0	38	1,881	335	30.26	182.43
11	Illinois	0	3,648	0	3,998	3,150	10,796	486	-1.33	32.35
13	Indiana	0	1,776	0	2,282	1,510	5,568	499	12.30	14.78
42	Iowa	0	0	266	0	294	560	2,374	-11.81	31.76
34	Kansas	0	215	0	491	252	958	1,273	6.56	59.93
41	Kentucky	0	415	0	414	300	1,129	1,688	4.73	54.45*
35	Louisiana	0	131	0	1,046	275	1,452	1,280	54.30*	148.63*
43	Maine	0	99	0	157	36	292	2,386	-10.15	5.80
21	Maryland	0	2,251	0	246	603	3,100	748	-12.40	71.84
26	Mass.	0	2,048	0	771	402	3,221	845	-11.05	6.27
7	Michigan	0	0	7,965	0	5,642	13,607	333	-2.04	13.16
18	Minnesota	7	0	1,736	0	1,589	3,332	692	12.99	96.69
40	Mississippi	0	0	441	0	314	755	1,662	73.96	122.71
27	Missouri	1	0	1,567	0	1,544	3,112	851	11.30	-9.85†
47	Montana	0	0	2	0	60	62	7,025	67.57	-34.04
46	Nebraska	0	128	0	3	18	149	5,240	-11.83	-65.75
1	Nevada	8726	0	6,252	0	3,786	18,764	59	9.37	115.36
38	New Hampshire	0	0	417	0	21	438	1,356	-39.75	-12.92
25	New Jersey	0	2,405	0	1,325	603	4,333	808	-1.70	-13.34
32	New Mexico	0	303	0	273	134	710	1,214	-10.80	89.33*
39	New York	0	3,614	0	756	480	4,850	1,637	0.52	-9.63
36	North Carolina	767	0	1,184	0	1,224	3,175	1,299	22.73	-8.37
49	North Dakota	0	0	0	19	13	32	9,705	39.13	190.91
10	Ohio	0	4,121	0	3,981	3,150	11,252	450	-0.95	-14.72
33	Oklahoma	445	0	532	0	318	1,295	1,253	47.66	10.40
14	Oregon	36	0	2,125	0	952	3,113	517	1.50	52.08
29	Pennsylvania	0	1,945	0	2,020	976	4,941	1,109	12.91	21.70*
12	Rhode Island	0	0	30	0	882	912	494	128.57	53.79
31	South Carolina	0	996	0	214	476	1,686	1,199	-45.47	58.61*
45	South Dakota	0	81	0	30	2	113	3,161	197.37*	289.66*
15	Tennessee	0	0	2,782	0	1,893	4,675	583	30.99	7.27††
23	Texas	13	0	7,668	0	4,342	12,023	785	22.52	8.79
5	Utah	1170	0	1,571	0	730	3,471	267	18.59	131.25
50	Vermont	0	0	0	0	11	11	28,312	83.33	-66.67
17	Virginia	7	0	3,531	0	1,650	5,188	631	-3.66	-1.27†
16	Washington	0	0	3,642	0	1,036	4,678	587	22.05	70.61*
48	West Virginia	0	0	101	0	13	114	7,743	12.87	35.71
20	Wisconsin	0	1,719	0	934	878	3,531	725	0.83	49.43*
44	Wyoming	0	0	48	0	36	84	2,885	3.70	7.69

*Actual increase may not be as high due to data collection changes or improvements
† Collection of some records previously classified as NOD in this state was discontinued starting in January 2009
†† Collection of some records previously classified as NOD in this state was discontinued starting in September 2008

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 .

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