IOWA FORECLOSURE ACTIVITY DOWN 8 PERCENT IN FEBRUARY

 

Down 20 Percent From February 2007

 

IRVINE, Calif. – March 26, 2008 – Iowa reported 473 properties with foreclosure filings for February 2008. The total represents an 8 percent decrease in activity from the previous month and is 20 percent below the level reported for February 2007, 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.

 

“Economic growth appears to be on the rise within Iowa as the Hawkeye State recently reported a decreased jobless rate of 3.6 percent,” said James J. Saccacio, chief executive officer of RealtyTrac. “Not surprisingly, the state is also seeing a decrease in foreclosure activity.”

 

Iowa ranked 36th in the country in total properties with foreclosure filings for February. One in every 2,763 Iowa households received a foreclosure filing during the month, ranking the state 38th among the 50 states.

 

Polk County leads state in foreclosure activity for the month

Polk County led the state in foreclosure activity for February, reporting 116 properties with foreclosure filings. Second place Linn County documented 74 properties with foreclosure filings, while third place Scott County reported 40 properties with foreclosure filings.

 

Wright County posts highest foreclosure rate for February

Wright County led the way with a rate of one in every 943 households receiving a foreclosure filing for the month — 2.9 times the state average. Jasper County posted the state’s second highest rate, with one in every 1,150 households receiving a foreclosure filing — 2.4 times the state average. The third highest rate was documented in Linn County, where one in every 1,210 households received a foreclosure filing in February.

 

State a minor contributor to nation’s foreclosure total in February

Total foreclosure filings in Iowa accounted for less than 1 percent of the 223,651 properties with foreclosure filings reported nationwide in January. The national total represents a 4 percent decrease from the previous month, but is still 60 percent ahead of the total reported for February 2007. One in every 557 U.S. households received a foreclosure filing during 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 – February 2008

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

50,813

53,319

20,132

52,879

46,508

223,651

557

n/a

n/a

Iowa

20

248

0

0

205

473

2,763

0.20

n/a

 

 

 

 

 

 

 

 

 

 

Adair

0

1

0

0

2

3

1,267

0.44

2.18

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

0

0

n/a

0.00

0.00

Audubon

0

0

0

0

0

0

n/a

0.00

0.00

Benton

0

0

0

0

2

2

5,461

0.10

0.51

Black Hawk

4

1

0

0

1

6

8,985

0.06

0.31

Boone

0

0

0

0

7

7

1,640

0.34

1.69

Bremer

1

0

0

0

0

1

9,938

0.06

0.28

Buchanan

0

0

0

0

0

0

n/a

0.00

0.00

Buena Vista

0

0

0

0

0

0

n/a

0.00

0.00

Butler

1

0

0

0

1

2

3,321

0.17

0.83

Calhoun

0

0

0

0

2

2

2,604

0.21

1.06

Carroll

0

0

0

0

0

0

n/a

0.00

0.00

Cass

0

0

0

0

0

0

n/a

0.00

0.00

Cedar

0

0

0

0

4

4

1,983

0.28

1.39

Cerro Gordo

0

1

0

0

5

6

3,640

0.15

0.76

Cherokee

0

0

0

0

0

0

n/a

0.00

0.00

Chickasaw

0

0

0

0

0

0

n/a

0.00

0.00

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

9

0

0

0

9

2,459

0.23

1.12

Crawford

0

0

0

0

1

1

7,040

0.08

0.39

Dallas

0

6

0

0

0

6

3,247

0.17

0.85

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

0

0

0

2

2

3,953

0.14

0.70

Des Moines

0

0

0

0

0

0

n/a

0.00

0.00

Dickinson

0

0

0

0

1

1

12,558

0.04

0.22

Dubuque

1

8

0

0

4

13

2,931

0.19

0.94

Emmet

0

0

0

0

0

0

n/a

0.00

0.00

Fayette

0

0

0

0

2

2

4,844

0.11

0.57

Floyd

0

0

0

0

1

1

7,426

0.07

0.37

Franklin

0

0

0

0

0

0

n/a

0.00

0.00

Fremont

0

0

0

0

2

2

1,779

0.31

1.55

Greene

0

1

0

0

1

2

2,334

0.24

1.18

Grundy

0

0

0

0

2

2

2,797

0.20

0.99

Guthrie

0

0

0

0

1

1

5,719

0.10

0.48

Hamilton

0

0

0

0

2

2

3,650

0.15

0.76

Hancock

0

0

0

0

0

0

n/a

0.00

0.00

Hardin

0

0

0

0

0

0

n/a

0.00

0.00

Harrison

0

0

0

0

2

2

3,406

0.16

0.81

Henry

0

0

0

0

6

6

1,412

0.39

1.96

Howard

0

0

0

0

0

0

n/a

0.00

0.00

Humboldt

0

0

0

0

0

0

n/a

0.00

0.00

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

0.24

1.19

Jasper

0

7

0

0

7

14

1,150

0.48

2.40

Jefferson

1

0

0

0

0

1

7,477

0.07

0.37

Johnson

0

17

0

0

4

21

2,507

0.22

1.10

Jones

0

0

0

0

0

0

n/a

0.00

0.00

Keokuk

0

0

0

0

1

1

5,064

0.11

0.55

Kossuth

0

0

0

0

0

0

n/a

0.00

0.00

Lee

0

1

0

0

0

1

16,791

0.03

0.16

Linn

1

42

0

0

31

74

1,210

0.46

2.28

Louisa

0

0

0

0

0

0

n/a

0.00

0.00

Lucas

0

0

0

0

0

0

n/a

0.00

0.00

Lyon

0

1

0

0

0

1

4,855

0.11

0.57

Madison

0

0

0

0

0

0

n/a

0.00

0.00

Mahaska

0

1

0

0

0

1

9,804

0.06

0.28

Marion

0

0

0

0

5

5

2,724

0.20

1.01

Marshall

0

0

0

0

0

0

n/a

0.00

0.00

Mills

0

0

0

0

1

1

5,894

0.09

0.47

Mitchell

0

0

0

0

0

0

n/a

0.00

0.00

Monona

0

0

0

0

0

0

n/a

0.00

0.00

Monroe

0

0

0

0

0

0

n/a

0.00

0.00

Montgomery

0

0

0

0

1

1

5,392

0.10

0.51

Muscatine

0

0

0

0

5

5

3,505

0.16

0.79

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

0

0

n/a

0.00

0.00

Plymouth

0

0

0

0

3

3

3,455

0.16

0.80

Pocahontas

0

0

0

0

0

0

n/a

0.00

0.00

Polk

3

77

0

0

36

116

1,524

0.37

1.81

Pottawattamie

1

26

0

0

4

31

1,233

0.45

2.24

Poweshiek

1

1

0

0

0

2

4,507

0.12

0.61

Ringgold

0

0

0

0

0

0

n/a

0.00

0.00

Sac

0

0

0

0

1

1

5,557

0.10

0.50

Scott

1

20

0

0

19

40

1,729

0.32

1.60

Shelby

0

0

0

0

2

2

2,732

0.20

1.01

Sioux

0

0

0

0

0

0

n/a

0.00

0.00

Story

0

0

0

0

7

7

4,907

0.11

0.56

Tama

0

0

0

0

0

0

n/a

0.00

0.00

Taylor

0

0

0

0

0

0

n/a

0.00

0.00

Union

1

0

0

0

0

1

5,788

0.10

0.48

Van Buren

0

0

0

0

0

0

n/a

0.00

0.00

Wapello

0

0

0

0

4

4

4,064

0.14

0.68

Warren

1

7

0

0

4

12

1,394

0.40

1.98

Washington

0

1

0

0

1

2

4,425

0.13

0.62

Wayne

0

0

0

0

0

0

n/a

0.00

0.00

Webster

0

0

0

0

4

4

4,321

0.13

0.64

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

3

20

0

0

2

25

1,675

0.33

1.65

Worth

0

0

0

0

1

1

3,558

0.16

0.78

Wright

0

0

0

0

7

7

943

0.59

2.93

 

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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