District of Columbia Foreclosure Activity Increases in January

Filings up 12 percent from December; Down 7 percent from year ago

 

Foreclosure activity in District of Columbia increased in January to 192 properties with foreclosure filings, a 12 percent increase from December 2009, but 7 percent below the level reported in January 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

“Foreclosure activity picked up in the District of Columbia during January as unemployment continued to worsen,” said James J. Saccacio, chief executive officer of RealtyTrac. “The employment picture isn’t expected to improve until at least the spring, which may put more homeowners in peril of losing their homes to foreclosure.”

 

One in every 1,486 District of Columbia housing units received a foreclosure filing in January.

 

The District a minor contributor to nation’s foreclosure total in January

District of Columbia accounted for less than 1 percent of the 315,716 properties with foreclosure filings reported nationwide in January. Total U.S. activity declined nearly 10 percent from the previous month but was still 15 percent ahead of January 2009. One in every 409 U.S. housing units received a foreclosure filing during the month.

 

Report methodology

The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the RealtyTrac database during the month — broken out by type of filing by state, county and metropolitan statistical area. Some foreclosure filings entered into the database during the month may have been recorded in previous months. 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 received for a property during the month, only the most recent filing is counted in the report. The report also checks if the same type of document was filed against a property in a previous month. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state the property is in, the report does not count the property in the current month.

 

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

 

 

District of Columbia Foreclosure Rate – January 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

40,456

62,850

90,451

34,311

87,648

315,716

409

n/a

n/a

District of Columbia

0

0

134

0

58

192

1,486

0.28

n/a

 

 

 

 

 

 

 

 

 

 

 

 

District of Columbia Foreclosure Total – January 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Dec 09

% Chg Jan 09

 

 

 

 

 

 

 

 

 

 

United States

40,456

62,850

90,451

34,311

87,648

315,716

409

-9.67

15.06

District of Columbia

0

0

134

0

58

192

1,486

12.28

-7.25

 

 

 

 

 

 

 

 

 

 

 

 

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