ALASKA FORECLOSURES DECREASE 11 PERCENT IN APRIL

Activity Up 4 Percent From a Year Ago

 

IRVINE, Calif. – May 18, 2007 – Alaska reported 87 new foreclosure filings in April, an 11 percent decrease from the previous month, but still up 4 percent from April 2006, according to the latest RealtyTrac™ U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with over 900,000 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.

 

“Although Alaska foreclosures have decreased in April, the numbers are up slightly from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “First quarter statistics show that the state’s unemployment rate is still 1.5 percent above the national average despite its almost 1 percent decrease from last year. This is likely contributing to the overall increase.”

 

Alaska ranked among the 10 lowest states in total foreclosure filings for April. The state’s foreclosure rate of one foreclosure filing for every 2,358 households ranks it 31st among the 50 states.

 

Anchorage County accounts for largest share of state total

Anchorage County reported the highest foreclosure total for the month, reporting 43 foreclosure filings. Matanuska Susitna County came in second with 18 foreclosure filings, followed by Fairbanks North Star County with 12 filings in the foreclosure pipeline.

 

Kenai Peninsula County posts highest foreclosure rate

Kenai Peninsula County registered the highest county foreclosure rate in the state for April, reporting one foreclosure filing for every 311 households — 7.6 times the state average and 2.5 times the national average. Matanuska Susitna County reported the second highest rate with one foreclosure filing for every 1,518 households — 1.6 times the state average — followed by Anchorage County with one filing for every 2,334 households.

 

State total a minor contribution to national total

Total foreclosure filings in Alaska accounted for less than 1 percent of the 147,708 foreclosure filings nationwide in April. The national total was down less than 1 percent from the previous month, but still up 62 percent from April 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 783 U.S. households during the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — 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).

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

 

                               Alaska Foreclosure Market by County – April 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

United States

47,171

49,794

7,388

21,085

22,270

147,708

783

n/a

n/a

Alaska

0

80

0

0

7

87

2,358

0.33

n/a

 

 

 

 

 

 

 

 

 

Anchorage

0

40

0

0

3

43

2,334

0.34

1.01

Fairbanks North Star

0

11

0

0

1

12

2,774

0.28

0.85

Juneau

0

2

0

0

0

2

6,141

0.13

0.38

Kenai Peninsula

0

6

0

0

2

8

311

2.52

7.59

Ketchikan Gateway

0

2

0

0

0

2

3,109

0.25

0.76

Kodiak Island

0

2

0

0

0

2

2,580

0.30

0.91

Matanuska Susitna

0

17

0

0

1

18

1,518

0.52

1.55

Valdez Cordova

0

0

0

0

0

0

n/a

0.00

0.00

 

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 1.3 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 more information, visit (www.realtytrac.com).

 

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Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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