DALLAS FORECLOSURES INCREASE 7 PERCENT IN AUGUST

Foreclosures Increase at Slower Pace Than National Rates,
But Dallas Foreclosure Rate Still Highest Among Top 10 Metros

IRVINE, Calif. – Sept. 24, 2006 – Dallas foreclosure activity increased 7 percent in August, a slower pace of increase than reported nationwide but still enough to keep the area’s foreclosure rate at more than three times the national average, according to the RealtyTrac™ 2006 U.S. Foreclosure Market Report. The eight-county metropolitan area reported 4,793 properties entering some stage of foreclosure during the month and a foreclosure rate of one new foreclosure filing for every 278 households.

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with nearly 650,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate, The Wall Street Journal’s Real Estate Journal and Knight Ridder Online.

“Although Dallas foreclosure filings increased moderately in August, the increase was not as steep as the increases we saw in other major metropolitan areas and the nation as a whole,” said James J. Saccacio, chief executive officer of RealtyTrac. “Even so, the foreclosure rate in Dallas remains well above the national average and highest among the nation’s largest cities.”

Dallas posted a foreclosure rate higher than the foreclosure rates in Atlanta, Riverside, Calif., Houston, Chicago, Phoenix, Philadelphia, Los Angeles, New York and Washington.

Dallas County reported 3,240 properties entering some stage of foreclosure in August, an increase of more than 6 percent from the previous month and a foreclosure rate of one new foreclosure filing for every 264 households — 3.8 times the national average.

Rockwall County documented one new foreclosure filing for every 152 households, the highest foreclosure rate in the metro area and more than six times the national average. The county reported 101 properties entering some stage of foreclosure, a 31 percent increase from the previous month.

Most counties in the metro area reported increasing foreclosure activity in August, but Collin County reported a 7 percent decrease, with 668 properties entering some stage of foreclosure. Despite the decrease, the county’s foreclosure rate of one new foreclosure filing for every 292 households still registered at more than three times the national average.

Texas reported 14,278 properties entering some stage of foreclosure during the month, an increase of nearly 9 percent from the previous month and a 6 percent increase from August 2005. The state’s foreclosure rate of one new foreclosure filing for every 564 households was the nation’s fifth highest, and only Florida reported a higher number of new foreclosures.

U.S. foreclosure activity increased 24 percent in August, with 115,292 properties entering some stage of foreclosure during the month — the second highest number reported in any month year to date and one new foreclosure filing for every 1,003 households.

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of homes in some stage of foreclosure nationwide, statewide and by county in the Dallas Metropolitan Statistical Area Division* over the preceding month. 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 re-purchased by a bank).

Dallas-Fort Worth Foreclosure Market Statistics by County – Aug 2006

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 construction properties, 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 more information, visit http://www.realtytrac.com/.

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Media Contacts:
Michelle Schneider
949.502.8300 Ext. 139
michelle.schneider@realtytrac.com

Christine Stricker
949.502.8300 Ext. 268
christine.stricker@realtytrac.com

Detailed & Historical Data:
Tyler White
949.502.8300 Ext. 158
tyler.white@realtytrac.com

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