District of Columbia Foreclosure Activity Rose in May

District filings up 6 percent from April; down 9 percent from last year

 

Foreclosure activity in the District of Columbia rose 6 percent in May to 271 properties with foreclosure filings. This latest total still represents a 9 percent decrease from the level reported in May 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

“The District of Columbia saw another hike in foreclosure activity in May, although the number of filings was still less than what was reported at this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Unemployment within the District has begun to improve, which could result in even fewer foreclosure filings in the coming months should the rate continue to decline.”

 

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

The District of Columbia accounted for less than 1 percent of the 322,920 properties with foreclosure filings reported nationwide in May. Total U.S. activity declined by more than 3 percent from the previous month but was on par with the level reported in May 2009. One in every 400 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.

 

 

The District of Columbia Top Foreclosure Rates By County – May 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

38,389

58,073

94,155

38,526

93,777

322,920

400

n/a

n/a

The District of Columbia

0

0

215

0

56

271

1,053

0.38

n/a

 

 

 

 

 

 

 

 

 

 

 

 

The District of Columbia Top Foreclosure Totals by County – May 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Apr 10

% Chg May 09

 

 

 

 

 

 

 

 

 

 

United States

38,389

58,073

94,155

38,526

93,777

322,920

400

-3.27

0.45

The District of Columbia

0

0

215

0

56

271

1,053

5.86

-9.36

 

 

 

 

 

 

 

 

 

 

 

 

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