District of Columbia Foreclosure Activity Rises in April

Statewide filings up 64 percent from March; down 36 percent from year ago

 

Monthly foreclosure activity in the District of Columbia rose 64 percent from the previous month to 256 properties with foreclosure filings. This latest state total also represents a 36 percent year-over-year decrease in foreclosure filings from April 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

“Foreclosures jumped significantly in the District during April but were down significantly from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “The largest increase was in auction notices, which rose 97 percent for the month. Although declining, the region’s unemployment rate is still higher than the national average, which is likely fueling the rise. Even so, foreclosures here are lower than in most parts of the country.”

 

One in every 1,115 housing units in the District received a foreclosure filing in April.

 

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

The District  accounted for less than 1 percent of the 333,837 properties with foreclosure filings reported nationwide in April. Total U.S. activity declined more than 9 percent from the previous month and was 2 percent below the level reported in April 2009. One in every 387 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: DefaultNotice 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 Top Foreclosure Rates  – April 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every

X HU (rate)

/Natl.

Avg.

/State

Avg.

 

 

 

 

 

 

 

 

 

 

United States

42,889

60,873

96,770

40,873

92,432

333,837

387

n/a

n/a

District of Columbia

0

0

228

0

28

256

1,115

0.35

n/a

 

 

 

 

 

 

 

 

 

 

District of Columbia

0

0

228

0

28

256

1,115

0.35

n/a

 

 

 

District of Columbia Top Foreclosure Totals – April 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every

X HU (rate)

% Chg

Jan 10

% Chg

Feb 09

 

 

 

 

 

 

 

 

 

 

United States

42,889

60,873

96,770

40,873

92,432

333,837

387

-9.05

-2.40

District of Columbia

0

0

228

0

28

256

1,115

64.10

-35.68

 

 

 

 

 

 

 

 

 

 

District of Columbia

0

0

228

0

28

256

1,115

64.10

-35.68

 

 

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