DALLAS-FORT WORTH FORECLOSURES UP 21 PERCENT IN APRIL

DALLAS-FORT WORTH FORECLOSURES INCREASE 21 PERCENT ACCORDING TO REALTYTRAC™ APRIL U.S. FORECLOSURE MARKET REPORT

Foreclosure Rate Four Times the National Average
Rockwall County Posts Nation’s Highest County Foreclosure Rate

Irvine, Calif. – May 16, 2006 – Foreclosure filings increased 21 percent in the Dallas-Fort Worth metro area in April, ending two consecutive months of decreasing foreclosure activity, according to the RealtyTrac™ April 2006 U.S. Foreclosure Market Report. The 14-county metropolitan area recorded 6,518 properties entering some stage of foreclosure and a foreclosure rate of one foreclosure filing for every 315 households — four times the national average.

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with more than 600,000 properties from over 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate, AOL Real Estate and Knight Ridder Online.

“This jump in foreclosures in the Dallas-Fort Worth area bucks a national trend that saw foreclosure activity decreasing nationally and in most of the other top five metro areas in April,” said James J. Saccacio, chief executive officer of RealtyTrac. “Because of those diverging trends, the region registered a foreclosure rate that was quadruple the national average and well above the foreclosure rates in other big cities.”

New York, Los Angeles, Philadelphia and Chicago all posted lower foreclosure rates than Dallas-Fort Worth in April. Among the nation’s five largest metropolitan areas, Dallas-Fort Worth and Chicago were the only two that reported increasing foreclosure activity in April.

With 2,670 properties entering some stage of foreclosure in April, Dallas County documented the most new foreclosure filings of any county in the region and a foreclosure rate of one foreclosure filing for every 320 households, an 18 percent increase from the previous month.

Tarrant County recorded 1,921 properties entering some stage of foreclosure in April, a 12 percent increase from the previous month and a foreclosure rate of one foreclosure filing for every 295 households.

With 113 properties entering some stage of foreclosure in April, Rockwall County documented a foreclosure rate of one foreclosure filing for every 136 households, the highest county foreclosure rate in the country and more than nine times the national average. Foreclosure activity in the county increased 35 percent from the previous month.

Johnson County was the only county in the greater Dallas-Fort Worth metropolitan area to report a decline in foreclosure activity in April. But with one foreclosure filing for every 272 households, the county’s foreclosure rate was still 4.7 times the national average.

Texas reported 13,829 properties entering some stage of foreclosure in April, a 16 percent increase from the previous month and the most foreclosure filings reported by any state. The state documented the nation’s third highest state foreclosure rate — one foreclosure filing for every 582 households.

Nationwide a total of 91,168 properties entered some stage of foreclosure in April, a 10 percent decrease from the previous month but a 33 percent year-over-year increase from April 2005. April marked the second straight month of decreasing U.S foreclosure activity, but the nation’s April foreclosure rate of one foreclosure filing for every 1,268 households was still higher than in any month in 2005.

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

1 in every #households

%Change prev. month
US 4/2006 21,244 38,238 2,833 9,071 19,782 91,168 1,268 -10
Texas 143 10,315 0 0 3,371 13,829 582 16
Dallas-Fort Worth Metro 44 4,921 0 0 1,553 6,518 315 21
Collin County, TX 4 573 0 0 122 699 279 52
Dallas County, TX 39 1,905 0 0 726 2,670 320 18
Delta County, TX 0 0 0 0 0 0
Denton County, TX 0 423 0 0 135 558 301 24
Ellis County, TX 0 190 0 0 11 201 194 154
Henderson County, TX 0 0 0 0 4 4 8,984 33
Hood County, TX 0 0 0 0 9 9 2,123 350
Hunt County, TX 0 5 0 0 0 5 6,498 25
Johnson County, TX 0 114 0 0 56 170 272 -3
Kaufman County, TX 0 3 0 0 53 56 467 2
Parker County, TX 0 45 0 0 35 80 426 13
Rockwall County, TX 0 111 0 0 2 113 136 35
Tarrant County, TX 1 1,551 0 0 369 1,921 295 12
Wise County, TX 0 1 0 0 31 32 601 113

About RealtyTrac Inc.
Ranked as the fourth-largest real estate site by Nielsen Net Ratings, 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 and For Sale By Owner properties, with more than 600,000 properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts more than 2 million unique visitors monthly and has been chosen to supply foreclosure data to AOL Real Estate, MSN Real Estate and Yahoo! Real Estate. 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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