District of Columbia Foreclosures Up in November

District-wide filings up 40 percent from previous month; up 5 percent from last year

 

District of Columbia foreclosure activity rose in November to 362 properties with foreclosure filings, up 40 percent from the previous month, and is 5 percent ahead of the level reported in November 2008, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

“Foreclosure activity continued to spread through the District of Columbia in November 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 of 2010, which may put more District homeowners in financial peril in the meantime.”

 

One in every 785 District of Columbia housing units received a foreclosure filing in November.

 

District a minor contributor to nation’s foreclosure total in November

The District of Columbia accounted for less than 1 percent of the 306,627 properties with foreclosure filings reported nationwide in November. Total U.S. activity declined nearly 8 percent from the previous month but was still 18 percent ahead of November 2008. One in every 417 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 Rates – November 2009

 

 

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

 

 

 

 

 

 

 

 

 

United States

44,757

69,413

81,843

33,913

76,701

306,627

417

n/a

District of Columbia

0

0

316

0

46

362

785

0.53

 

 

 

 

 

 

 

 

 

 

 

District of Columbia Foreclosure Totals  – November 2009

 

 

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Oct 09

% Chg Nov 08

 

 

 

 

 

 

 

 

 

 

United States

44,757

69,413

81,843

33,913

76,701

306,627

417

-7.72

18.35

District of Columbia

0

0

316

0

46

362

785

40.31

5.23

 

 

 

 

 

 

 

 

 

 

 

 

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