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Foreclosure Rate Lookup Chart
Foreclosure Activity Hits Record High in Third Quarter
U.S. Foreclosure Activity Sets New Quarterly Record, Up 23 Percent From Q3 2008
IRVINE, Calif. – Oct. 15, 2009 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for Q3 2009, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 937,840 properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008. One in every 136 U.S. housing units received a foreclosure filing during the quarter — the highest quarterly foreclosure rate since RealtyTrac began issuing its report in the first quarter of 2005.
Foreclosure filings were reported on 343,638 properties in September, a 4 percent decrease from the previous month but a 29 percent increase from September 2008. Despite the monthly decrease, September’s total was still the third highest monthly total since the RealtyTrac report began in January 2005, behind only July and August of this year.
“Bank repossessions, or REOs, jumped 21 percent from the second quarter to the third quarter, corresponding to jumps in defaults and scheduled auctions in the previous two quarters,” said James J. Saccacio, chief executive officer of RealtyTrac. “REO activity increased from the previous quarter in all but two states and the District of Columbia, indicating that lenders may be starting to work through some of the pent-up foreclosure inventory caused by legislative delays, loan modification efforts and high volumes of distressed properties.”
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 month or quarter — broken out by type of filing at the state and national level. Data is also available at the individual county level for both Q1 2009 and March 2009. 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 the month or quarter, only the most recent filing is counted in the report.
U.S. Foreclosure Market Data by State – Q3 2009
(NOTE: Click on a column heading to sort)
| Rate Rank |
State Name |
NOD |
LIS |
NTS |
NFS |
REO |
Total |
1/every X HH (rate) |
%Change from Q2 09 |
%Change from Q3 08 |
|
--
|
United States |
153,255
|
188,986
|
263,957
|
94,590
|
237,052
|
937,840
|
136
|
5.40
|
22.50
|
|
32
|
Alabama
|
8
|
0
|
3,808
|
0
|
2,135
|
5,951
|
359
|
-7.07
|
173.86*
|
|
33
|
Alaska
|
9
|
0
|
534
|
0
|
221
|
764
|
369
|
29.93
|
36.43
|
|
2
|
Arizona
|
20
|
0
|
36,176
|
0
|
14,146
|
50,342
|
53
|
5.07
|
24.55
|
|
21
|
Arkansas
|
339
|
0
|
3,002
|
0
|
1,837
|
5,178
|
249
|
11.59
|
39.61*
|
|
3
|
California
|
111,741
|
1
|
87,377
|
0
|
50,935
|
250,054
|
53
|
-1.52
|
18.60
|
|
9
|
Colorado
|
41
|
0
|
11,437
|
0
|
4,787
|
16,265
|
131
|
11.43
|
12.53
|
|
25
|
Connecticut
|
0
|
3,422
|
0
|
408
|
1,283
|
5,113
|
281
|
68.86
|
10.00
|
|
38
|
Delaware
|
0
|
4
|
0
|
483
|
291
|
778
|
500
|
-8.79
|
-11.69
|
|
|
District of Columbia
|
405
|
0
|
619
|
0
|
159
|
1,183
|
240
|
19.37
|
-11.05
|
|
4
|
Florida
|
1
|
95,790
|
1
|
39,403
|
21,729
|
156,924
|
56
|
-0.71
|
23.27
|
|
7
|
Georgia
|
53
|
1
|
22,088
|
0
|
11,243
|
33,385
|
119
|
6.69
|
25.06
|
|
14
|
Hawaii
|
449
|
0
|
1,499
|
0
|
795
|
2,743
|
185
|
29.02
|
141.46
|
|
5
|
Idaho
|
2,916
|
0
|
3,021
|
0
|
594
|
6,531
|
97
|
28.06
|
153.53*
|
|
10
|
Illinois
|
0
|
18,585
|
1
|
8,980
|
9,704
|
37,270
|
141
|
13.68
|
30.29
|
|
20
|
Indiana
|
0
|
2,362
|
0
|
4,504
|
5,235
|
12,101
|
230
|
-12.75
|
-15.77
|
|
43
|
Iowa
|
1
|
0
|
658
|
0
|
1,292
|
1,951
|
681
|
17.81
|
31.91*
|
|
31
|
Kansas
|
0
|
538
|
0
|
1,129
|
1,735
|
3,402
|
358
|
39.71
|
47.08
|
|
41
|
Kentucky
|
1
|
1,050
|
0
|
1,126
|
1,102
|
3,279
|
581
|
15.30
|
12.45
|
|
37
|
Louisiana
|
0
|
762
|
0
|
2,092
|
1,132
|
3,986
|
466
|
21.30*
|
98.70*
|
|
42
|
Maine
|
0
|
234
|
0
|
577
|
242
|
1,053
|
662
|
27.02
|
33.12
|
|
12
|
Maryland
|
3
|
6,795
|
0
|
5,795
|
2,210
|
14,803
|
157
|
58.83
|
85.64
|
|
17
|
Mass.
|
1
|
7,779
|
0
|
3,159
|
1,728
|
12,667
|
215
|
17.53
|
34.81
|
|
8
|
Michigan
|
11,454
|
0
|
10,575
|
0
|
14,997
|
37,026
|
122
|
9.50**
|
22.31**
|
|
18
|
Minnesota
|
31
|
0
|
5,450
|
0
|
5,139
|
10,620
|
217
|
16.27
|
100.26
|
|
40
|
Mississippi
|
4
|
1
|
841
|
0
|
1,374
|
2,220
|
565
|
50.51*
|
241.01*
|
|
30
|
Missouri
|
24
|
0
|
4,470
|
0
|
3,398
|
7,892
|
335
|
8.26
|
-11.17†
|
|
47
|
Montana
|
1
|
0
|
19
|
0
|
273
|
293
|
1,486
|
94.04
|
-6.69
|
|
45
|
Nebraska
|
241
|
247
|
12
|
6
|
229
|
735
|
1,062
|
75.84*
|
-29.67
|
|
1
|
Nevada
|
19,949
|
0
|
16,329
|
0
|
11,647
|
47,925
|
23
|
9.68
|
58.88
|
|
27
|
New Hampshire
|
14
|
0
|
1,372
|
0
|
558
|
1,944
|
306
|
-5.08
|
-2.21
|
|
15
|
New Jersey
|
0
|
11,816
|
0
|
3,878
|
2,414
|
18,108
|
193
|
44.59
|
1.20
|
|
35
|
New Mexico
|
0
|
890
|
0
|
837
|
456
|
2,183
|
395
|
9.20
|
84.69*
|
|
39
|
New York
|
0
|
11,048
|
1
|
2,316
|
1,877
|
15,242
|
521
|
11.55
|
5.28
|
|
36
|
North Carolina
|
1,028
|
4
|
4,158
|
0
|
4,628
|
9,818
|
420
|
28.86
|
-5.99
|
|
49
|
North Dakota
|
0
|
3
|
0
|
59
|
52
|
114
|
2,724
|
29.55
|
-20.28
|
|
13
|
Ohio
|
0
|
12,137
|
0
|
8,707
|
8,801
|
29,645
|
171
|
-4.73
|
-11.71
|
|
29
|
Oklahoma
|
744
|
843
|
396
|
1,980
|
1,069
|
5,032
|
323
|
64.66*
|
22.02*
|
|
11
|
Oregon
|
108
|
2
|
7,033
|
0
|
3,175
|
10,318
|
156
|
7.09
|
76.59
|
|
34
|
Pennsylvania
|
1
|
4,961
|
0
|
5,232
|
3,973
|
14,167
|
387
|
7.16
|
15.48
|
|
26
|
Rhode Island
|
1
|
0
|
871
|
0
|
682
|
1,554
|
290
|
-6.33
|
-2.75
|
|
24
|
South Carolina
|
1
|
3,695
|
1
|
1,153
|
2,696
|
7,546
|
268
|
10.99
|
59.74
|
|
44
|
South Dakota
|
0
|
110
|
0
|
105
|
149
|
364
|
981
|
127.50
|
205.88
|
|
22
|
Tennessee
|
4
|
1
|
4,730
|
0
|
6,153
|
10,888
|
250
|
3.92
|
-9.09††
|
|
28
|
Texas
|
86
|
4
|
17,256
|
0
|
12,492
|
29,838
|
316
|
11.27
|
8.72
|
|
6
|
Utah
|
3,515
|
0
|
3,564
|
0
|
2,474
|
9,553
|
97
|
13.24
|
96.28
|
|
50
|
Vermont
|
2
|
1
|
7
|
0
|
52
|
62
|
5,023
|
342.86
|
169.57
|
|
16
|
Virginia
|
51
|
1
|
10,136
|
0
|
6,499
|
16,687
|
196
|
8.24
|
4.14†
|
|
23
|
Washington
|
0
|
0
|
6,142
|
0
|
4,233
|
10,375
|
264
|
-7.32
|
33.00
|
|
48
|
West Virginia
|
6
|
0
|
287
|
0
|
277
|
570
|
1,549
|
67.16*
|
356.00*
|
|
19
|
Wisconsin
|
1
|
5,899
|
0
|
2,661
|
2,620
|
11,181
|
229
|
11.17
|
105.16
|
|
46
|
Wyoming
|
1
|
0
|
86
|
0
|
130
|
217
|
1,117
|
-4.82
|
-14.90
|
*Actual increase may not be as high due to data collection changes or improvements
**Collection of records classified as NOD began in August 2009 because of change in state law
† 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 Renwood RealtyTrac LLC.
RealtyTrac (www.realtytrac.com) is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting more than 3 million unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate. RealtyTrac’s foreclosure data has also been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.
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Media Contact:
Michelle Sabolich
Atomic Public Relations
415-402-0230
michelle.sabolich@atomicpr.com
Historical Data Sales
Tyler White
949-502-8300 x158
Tyler.white@realtytrac.com
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