IOWA FORECLOSURE ACTIVITY DOWN 25 PERCENT IN DECEMBER

Yearly Foreclosure Total Up 19 Percent From December 2006

 

IRVINE, Calif. – Jan. 25, 2008 – Iowa reported 561 foreclosure filings in December, a 25 percent decrease from the previous month, but still a 19 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.

 

“Although Iowa foreclosures decreased in December, the numbers are up from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show that the state’s unemployment rate has increased significantly during the past year. While it is still below the national unemployment rate, this may be contributing to the overall foreclosure rise.”

 

Iowa ranked 31st in the country in total foreclosures reported for December. The state’s foreclosure rate of one foreclosure filing for every 2,330 households ranked it 34th among the 50 states.

 

Polk County leads state in foreclosure filings

Polk County led Iowa in total foreclosure activity for December, reporting 128 foreclosure filings for the month. Linn County tallied the second highest foreclosure total, reporting 82 foreclosure filings for the month, followed by Pottawattamie County, which posted 57 foreclosure filings.

 

Pottawattamie County post highest foreclosure rate

Pottawattamie County led the state with the highest foreclosure rate for December, one foreclosure filing for every 670 households — 3.5 times the state average. Jasper County came in second with one foreclosure filing for every 671 households — 3.5 times the state average. Louisa County posted the third highest foreclosure rate, one filing for every 864 households — 2.7 times the state average.

 

State contributes less than 1 percent to nation’s monthly total

Total foreclosure filings in Iowa accounted for less than 1 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.

 

 

Iowa 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

Iowa

21

268

0

0

272

561

2,330

0.25

n/a

 

 

 

 

 

 

 

 

 

 

Adair

0

1

0

0

1

2

1,901

0.30

1.23

Adams

0

0

0

0

0

0

n/a

0.00

0.00

Allamakee

0

0

0

0

0

0

n/a

0.00

0.00

Appanoose

0

0

0

0

1

1

6,758

0.09

0.34

Audubon

0

0

0

0

0

0

n/a

0.00

0.00

Benton

0

0

0

0

3

3

3,641

0.16

0.64

Black Hawk

2

0

0

0

2

4

13,478

0.04

0.17

Boone

0

3

0

0

3

6

1,913

0.30

1.22

Bremer

1

0

0

0

0

1

9,938

0.06

0.23

Buchanan

0

0

0

0

1

1

9,129

0.06

0.26

Buena Vista

0

2

0

0

2

4

2,045

0.28

1.14

Butler

0

0

0

0

1

1

6,642

0.09

0.35

Calhoun

0

0

0

0

0

0

n/a

0.00

0.00

Carroll

0

0

0

0

3

3

3,082

0.19

0.76

Cass

0

0

0

0

1

1

6,722

0.09

0.35

Cedar

0

0

0

0

0

0

n/a

0.00

0.00

Cerro Gordo

0

1

0

0

7

8

2,730

0.21

0.85

Cherokee

1

0

0

0

0

1

5,907

0.10

0.39

Chickasaw

0

1

0

0

0

1

5,735

0.10

0.41

Clarke

0

0

0

0

0

0

n/a

0.00

0.00

Clay

0

0

0

0

0

0

n/a

0.00

0.00

Clayton

0

0

0

0

0

0

n/a

0.00

0.00

Clinton

0

1

0

0

0

1

22,130

0.03

0.11

Crawford

0

0

0

0

3

3

2,347

0.25

0.99

Dallas

0

0

0

0

0

0

n/a

0.00

0.00

Davis

0

0

0

0

0

0

n/a

0.00

0.00

Decatur

0

0

0

0

0

0

n/a

0.00

0.00

Delaware

0

1

0

0

0

1

7,905

0.07

0.29

Des Moines

0

2

0

0

0

2

9,440

0.06

0.25

Dickinson

0

0

0

0

0

0

n/a

0.00

0.00

Dubuque

0

12

0

0

4

16

2,382

0.24

0.98

Emmet

0

0

0

0

0

0

n/a

0.00

0.00

Fayette

0

0

0

0

2

2

4,844

0.12

0.48

Floyd

0

0

0

0

1

1

7,426

0.08

0.31

Franklin

0

0

0

0

0

0

n/a

0.00

0.00

Fremont

0

0

0

0

2

2

1,779

0.32

1.31

Greene

0

0

0

0

0

0

n/a

0.00

0.00

Grundy

0

0

0

0

2

2

2,797

0.21

0.83

Guthrie

0

0

0

0

2

2

2,860

0.20

0.81

Hamilton

0

0

0

0

1

1

7,299

0.08

0.32

Hancock

0

0

0

0

1

1

5,270

0.11

0.44

Hardin

0

1

0

0

2

3

2,811

0.21

0.83

Harrison

0

0

0

0

2

2

3,406

0.17

0.68

Henry

0

0

0

0

0

0

n/a

0.00

0.00

Howard

0

0

0

0

0

0

n/a

0.00

0.00

Humboldt

0

0

0

0

1

1

4,795

0.12

0.49

Ida

0

0

0

0

0

0

n/a

0.00

0.00

Iowa

0

0

0

0

0

0

n/a

0.00

0.00

Jackson

0

0

0

0

4

4

2,324

0.25

1.00

Jasper

1

15

0

0

8

24

671

0.86

3.47

Jefferson

0

0

0

0

0

0

n/a

0.00

0.00

Johnson

0

3

0

0

8

11

4,785

0.12

0.49

Jones

0

0

0

0

1

1

8,379

0.07

0.28

Keokuk

0

0

0

0

2

2

2,532

0.23

0.92

Kossuth

0

1

0

0

0

1

7,645

0.08

0.30

Lee

0

0

0

0

1

1

16,791

0.03

0.14

Linn

1

56

0

0

25

82

1,092

0.53

2.13

Louisa

0

1

0

0

5

6

864

0.67

2.70

Lucas

0

0

0

0

0

0

n/a

0.00

0.00

Lyon

1

0

0

0

0

1

4,855

0.12

0.48

Madison

1

0

0

0

2

3

2,082

0.28

1.12

Mahaska

0

4

0

0

0

4

2,451

0.24

0.95

Marion

1

0

0

0

5

6

2,270

0.25

1.03

Marshall

0

0

0

0

0

0

n/a

0.00

0.00

Mills

0

1

0

0

0

1

5,894

0.10

0.40

Mitchell

0

0

0

0

0

0

n/a

0.00

0.00

Monona

0

2

0

0

0

2

2,378

0.24

0.98

Monroe

0

0

0

0

0

0

n/a

0.00

0.00

Montgomery

0

0

0

0

1

1

5,392

0.11

0.43

Muscatine

0

1

0

0

5

6

2,921

0.20

0.80

Obrien

0

0

0

0

0

0

n/a

0.00

0.00

Osceola

0

0

0

0

0

0

n/a

0.00

0.00

Page

0

0

0

0

0

0

n/a

0.00

0.00

Palo Alto

0

0

0

0

1

1

4,731

0.12

0.49

Plymouth

0

0

0

0

1

1

10,365

0.06

0.22

Pocahontas

0

0

0

0

0

0

n/a

0.00

0.00

Polk

4

59

0

0

65

128

1,381

0.42

1.69

Pottawattamie

1

23

0

0

33

57

670

0.86

3.47

Poweshiek

1

0

0

0

0

1

9,013

0.06

0.26

Ringgold

0

0

0

0

0

0

n/a

0.00

0.00

Sac

0

0

0

0

1

1

5,557

0.10

0.42

Scott

2

41

0

0

11

54

1,281

0.45

1.82

Shelby

0

0

0

0

0

0

n/a

0.00

0.00

Sioux

1

0

0

0

0

1

11,769

0.05

0.20

Story

0

2

0

0

5

7

4,907

0.12

0.47

Tama

1

0

0

0

0

1

7,801

0.07

0.30

Taylor

0

0

0

0

0

0

n/a

0.00

0.00

Union

0

1

0

0

3

4

1,447

0.40

1.61

Van Buren

0

0

0

0

0

0

n/a

0.00

0.00

Wapello

0

0

0

0

3

3

5,418

0.11

0.43

Warren

1

2

0

0

10

13

1,286

0.47

1.81

Washington

0

0

0

0

1

1

8,850

0.07

0.26

Wayne

0

0

0

0

0

0

n/a

0.00

0.00

Webster

0

1

0

0

4

5

3,457

0.17

0.67

Winnebago

0

0

0

0

0

0

n/a

0.00

0.00

Winneshiek

0

0

0

0

0

0

n/a

0.00

0.00

Woodbury

1

29

0

0

18

48

873

0.66

2.67

Worth

0

0

0

0

0

0

n/a

0.00

0.00

Wright

0

1

0

0

1

2

3,300

0.17

0.71

 

 

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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