INDIANA FORECLOSURE ACTIVITY DOWN 34 PERCENT IN DECEMBER

Yearly Foreclosure Total Up 8 Percent From December 2006

 

IRVINE, Calif. – Jan. 25, 2008 – Indiana reported 3,711 foreclosure filings in December, a 34 percent decrease from the previous month, but still an 8 percent increase from December 2006, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1 million properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.

 

Indiana foreclosures have decreased significantly in December,” said James J. Saccacio, chief executive officer of RealtyTrac. “Recent statistics show that the state’s home sales were slightly above the national average during the past year. This may be contributing to the recent decline.”

 

Indiana ranked 15th in the country in total foreclosures reported for December. The state’s foreclosure rate of one foreclosure filing for every 734 households ranked it 12th among the 50 states.

 

Three counties lead state in foreclosure filings

Three counties accounted for 62 percent of all foreclosure filings in Indiana for December. Marion County led Indiana in total foreclosure activity for December, reporting 1,449 foreclosure filings. Allen County came in second with 469 foreclosure filings, followed by St. Joseph County, which reported 378 foreclosure filings.

 

Marion County posts highest foreclosure rate

Marion County led the state with the highest foreclosure rate for December, one foreclosure filing for every 285 households — 2.6 times the state average and twice the national average. St. Joseph County came in second with a foreclosure rate of one foreclosure filing for every 297 households — 2.5 times the state average and 1.9 times the national average. Allen County posted the third highest foreclosure rate, one filing for every 318 households — 2.3 times the state average and 1.8 times the national average.

 

State contributes 2 percent to nation’s monthly total

Total foreclosure filings in Indiana accounted for 2 percent of the 215,749 foreclosure filings reported nationwide in December. The national total represents a 7 percent increase from the previous month, and is 97 percent above the total reported for December 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 577 U.S. households for the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — 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).

 

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

 

 

Indiana Foreclosure Market by County – December 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

Households per Filing

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

46,182

54,280

18,488

47,945

48,854

215,749

577

n/a

n/a

Indiana

0

29

1,438

1,300

944

3,711

734

0.79

n/a

 

 

 

 

 

 

 

 

 

 

Adams

0

0

0

0

0

0

n/a

0.00

0.00

Allen

0

1

172

138

158

469

318

1.81

2.31

Bartholomew

0

0

18

0

0

18

1,719

0.34

0.43

Benton

0

0

1

0

0

1

3,886

0.15

0.19

Blackford

0

1

0

0

1

2

3,201

0.18

0.23

Boone

0

0

0

0

0

0

n/a

0.00

0.00

Brown

0

0

0

0

0

0

n/a

0.00

0.00

Carroll

0

1

2

0

0

3

3,068

0.19

0.24

Cass

0

0

4

0

8

12

1,437

0.40

0.51

Clark

0

0

2

0

0

2

22,991

0.03

0.03

Clay

0

0

0

0

0

0

n/a

0.00

0.00

Clinton

0

0

1

0

0

1

13,619

0.04

0.05

Crawford

0

0

0

0

0

0

n/a

0.00

0.00

Daviess

0

0

0

0

0

0

n/a

0.00

0.00

De Kalb

0

0

0

2

1

3

5,712

0.10

0.13

Dearborn

0

0

16

0

0

16

1,222

0.47

0.60

Decatur

0

0

7

8

0

15

709

0.81

1.04

Delaware

0

0

0

2

2

4

13,170

0.04

0.06

Dubois

0

0

0

0

0

0

n/a

0.00

0.00

Elkhart

0

1

0

1

36

38

1,995

0.29

0.37

Fayette

0

1

8

0

0

9

1,257

0.46

0.58

Floyd

0

0

24

1

0

25

1,237

0.47

0.59

Fountain

0

0

0

2

1

3

2,639

0.22

0.28

Franklin

0

0

0

0

0

0

n/a

0.00

0.00

Fulton

0

0

0

0

0

0

n/a

0.00

0.00

Gibson

0

0

4

4

3

11

1,358

0.42

0.54

Grant

0

1

3

1

1

6

5,274

0.11

0.14

Greene

0

0

0

0

0

0

n/a

0.00

0.00

Hamilton

0

0

2

7

1

10

9,161

0.06

0.08

Hancock

0

1

22

2

12

37

709

0.81

1.03

Harrison

0

0

1

0

0

1

14,748

0.04

0.05

Hendricks

0

0

3

0

1

4

12,793

0.05

0.06

Henry

0

0

1

17

0

18

1,188

0.49

0.62

Howard

0

0

4

76

40

120

327

1.77

2.25

Huntington

0

0

1

0

0

1

15,978

0.04

0.05

Jackson

0

0

0

0

1

1

18,117

0.03

0.04

Jasper

0

0

0

0

3

3

4,176

0.14

0.18

Jay

0

1

0

1

0

2

4,693

0.12

0.16

Jefferson

0

0

0

0

1

1

14,099

0.04

0.05

Jennings

0

0

0

0

0

0

n/a

0.00

0.00

Johnson

0

0

72

56

2

130

402

1.44

1.83

Knox

0

0

0

0

0

0

n/a

0.00

0.00

Kosciusko

0

0

16

1

0

17

2,056

0.28

0.36

La Porte

0

1

18

0

0

19

2,503

0.23

0.29

Lagrange

0

0

0

0

0

0

n/a

0.00

0.00

Lake

0

1

152

64

15

232

885

0.65

0.83

Lawrence

0

0

1

0

0

1

21,279

0.03

0.03

Madison

0

1

53

85

3

142

414

1.39

1.77

Marion

0

4

241

737

467

1,449

285

2.03

2.58

Marshall

0

0

10

9

7

26

734

0.79

1.00

Martin

0

0

0

0

0

0

n/a

0.00

0.00

Miami

0

2

2

8

2

14

1,131

0.51

0.65

Monroe

0

0

22

0

0

22

2,527

0.23

0.29

Montgomery

0

0

0

2

4

6

2,740

0.21

0.27

Morgan

0

0

0

8

1

9

3,134

0.18

0.23

Newton

0

0

0

0

0

0

n/a

0.00

0.00

Noble

0

0

7

15

0

22

880

0.66

0.83

Ohio

0

0

0

0

0

0

n/a

0.00

0.00

Orange

0

1

7

0

0

8

1,091

0.53

0.67

Owen

0

0

0

1

0

1

10,264

0.06

0.07

Parke

0

0

1

0

0

1

7,804

0.07

0.09

Perry

0

0

1

0

0

1

8,458

0.07

0.09

Pike

0

0

0

0

0

0

n/a

0.00

0.00

Porter

0

0

52

1

29

82

773

0.75

0.95

Posey

0

0

0

0

2

2

5,781

0.10

0.13

Pulaski

0

0

0

0

1

1

6,228

0.09

0.12

Putnam

0

0

0

0

12

12

1,179

0.49

0.62

Randolph

0

0

0

7

0

7

1,715

0.34

0.43

Ripley

0

0

4

0

0

4

2,879

0.20

0.25

Rush

0

1

0

0

0

1

7,671

0.08

0.10

Scott

0

0

5

0

0

5

2,123

0.27

0.35

Shelby

0

0

0

0

0

0

n/a

0.00

0.00

Spencer

0

0

7

1

0

8

1,119

0.52

0.66

St Joseph

0

4

248

4

122

378

297

1.94

2.47

Starke

0

0

0

0

1

1

10,654

0.05

0.07

Steuben

0

0

19

0

0

19

991

0.58

0.74

Sullivan

0

0

2

0

0

2

4,587

0.13

0.16

Switzerland

0

0

0

0

0

0

n/a

0.00

0.00

Tippecanoe

0

0

33

16

0

49

1,337

0.43

0.55

Tipton

0

0

16

0

0

16

442

1.31

1.66

Union

0

0

0

0

1

1

3,333

0.17

0.22

Vanderburgh

0

2

57

1

4

64

1,257

0.46

0.58

Vermillion

0

0

1

0

0

1

7,601

0.08

0.10

Vigo

0

0

36

2

0

38

1,230

0.47

0.60

Wabash

0

0

0

6

0

6

2,404

0.24

0.31

Warren

0

1

0

0

0

1

3,794

0.15

0.19

Warrick

0

0

31

2

0

33

696

0.83

1.05

Washington

0

0

4

1

0

5

2,376

0.24

0.31

Wayne

0

2

20

3

0

25

1,240

0.47

0.59

Wells

0

0

4

7

0

11

1,050

0.55

0.70

White

0

1

0

0

0

1

12,807

0.05

0.06

Whitley

0

0

0

1

1

2

6,821

0.08

0.11

 

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest growing private companies, 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, For Sale By Owner, resale and new homes, with more than 1.3 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and the Wall Street Journal’s Real Estate Journal. For more information, visit (www.realtytrac.com).

 

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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