Iowa Foreclosure Activity Trends Upward in May

Total foreclosure filings statewide up 1 percent from April

 

Iowa foreclosure activity rose slightly in May to 635 properties with foreclosure filings, a 1 percent increase from the previous month and 43 percent ahead of May 2008, according to RealtyTrac’s latest U.S. Foreclosure Market Report.

 

“Foreclosure activity increased in Iowa in May, up only slightly from April, but well above the level reported for last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “At 5.8 percent, unemployment in Iowa hit a 22-year high, adding to mounting foreclosures within the state.”

 

Iowa ranked 38th in the country in total properties with foreclosure filings for May. One in every 2,094 Iowa housing units received a foreclosure filing during the month, ranking 41st among the 50 states.

 

Polk County tops in foreclosure activity for May

Polk County led the state reporting 153 properties with foreclosure filings for the month. Scott County posted the second highest total, where 81 properties with foreclosure filings were reported. Linn County had the third highest total, reporting 63 properties with foreclosure filings, followed by Jasper County, where 51 properties with foreclosure filings were tallied.

 

Jasper County posts state’s highest foreclosure rate for May

Jasper County posted the highest county foreclosure rate in Iowa, with one in every 319 housing units receiving a foreclosure filing during the month. Hamilton County had the second highest rate, with one in every 405 housing units receiving a foreclosure filing. Wapello County posted the third highest rate, where one in every 421 housing units received a foreclosure filing during the month.

 

State a minor contributor to nation’s foreclosure activity for May

Foreclosure activity in Iowa represented less than 1 percent of the 321,480 properties with foreclosure filings reported nationwide in May. Total U.S. activity fell 6 percent from the previous month but was still nearly 18 percent ahead of May 2008. One in every 398 U.S. housing units received a foreclosure filing during the month.

 

Report methodology

The RealtyTrac Monthly U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the month — broken out by type of filing at the county, state and national level. 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 filed against a property during the month — which is extremely rare — 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.

 

               Iowa Foreclosure Market Data by County – May 2009

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Apr 09

% Chg May 08

 

 

 

 

 

 

 

 

 

 

United States

55,442

67,687

100,578

32,756

65,017

321,480

398

– 6.01

17.76

Iowa

0

0

237

0

398

635

2,094

0.63

42.70

 

 

 

 

 

 

 

 

 

 

Adair

0

0

0

0

0

0

n/a

n/a

-100.00

Adams

0

0

0

0

0

0

n/a

n/a

n/a

Allamakee

0

0

0

0

0

0

n/a

n/a

n/a

Appanoose

0

0

0

0

1

1

6,747

n/a

n/a

Audubon

0

0

0

0

0

0

n/a

n/a

-100.00

Benton

0

0

0

0

2

2

5,508

n/a

0.00

Black Hawk

0

0

0

0

0

0

n/a

n/a

-100.00

Boone

0

0

0

0

6

6

1,935

0.00

100.00

Bremer

0

0

0

0

1

1

10,100

-50.00

n/a

Buchanan

0

0

0

0

0

0

n/a

n/a

-100.00

Buena Vista

0

0

0

0

2

2

4,099

n/a

n/a

Butler

0

0

0

0

1

1

6,668

n/a

n/a

Calhoun

0

0

0

0

0

0

n/a

n/a

-100.00

Carroll

0

0

0

0

1

1

9,301

-50.00

0.00

Cass

0

0

0

0

1

1

6,715

-80.00

0.00

Cedar

0

0

0

0

4

4

2,009

n/a

100.00

Cerro Gordo

0

0

0

0

4

4

5,478

0.00

0.00

Cherokee

0

0

0

0

8

8

738

n/a

300.00

Chickasaw

0

0

0

0

0

0

n/a

n/a

n/a

Clarke

0

0

0

0

0

0

n/a

n/a

n/a

Clay

0

0

0

0

7

7

1,156

n/a

n/a

Clayton

0

0

0

0

0

0

n/a

n/a

n/a

Clinton

0

0

12

0

3

15

1,488

66.67

400.00

Crawford

0

0

0

0

0

0

n/a

n/a

-100.00

Dallas

0

0

0

0

2

2

11,528

-71.43

-84.62

Davis

0

0

0

0

1

1

3,650

n/a

n/a

Decatur

0

0

0

0

0

0

n/a

n/a

n/a

Delaware

0

0

0

0

0

0

n/a

n/a

-100.00

Des Moines

0

0

0

0

0

0

n/a

n/a

n/a

Dickinson

0

0

0

0

6

6

2,168

n/a

20.00

Dubuque

0

0

0

0

0

0

n/a

-100.00

-100.00

Emmet

0

0

0

0

0

0

n/a

n/a

-100.00

Fayette

0

0

0

0

9

9

1,079

n/a

350.00

Floyd

0

0

0

0

0

0

n/a

n/a

-100.00

Franklin

0

0

0

0

0

0

n/a

n/a

-100.00

Fremont

0

0

0

0

0

0

n/a

n/a

-100.00

Greene

0

0

0

0

3

3

1,558

n/a

200.00

Grundy

0

0

0

0

2

2

2,830

n/a

100.00

Guthrie

0

0

0

0

7

7

830

n/a

600.00

Hamilton

0

0

0

0

18

18

405

n/a

500.00

Hancock

0

0

0

0

3

3

1,770

n/a

200.00

Hardin

0

0

0

0

1

1

8,417

n/a

-50.00

Harrison

0

0

0

0

0

0

n/a

-100.00

-100.00

Henry

0

0

0

0

4

4

2,128

33.33

300.00

Howard

0

0

0

0

1

1

4,432

n/a

n/a

Humboldt

0

0

0

0

0

0

n/a

n/a

-100.00

Ida

0

0

0

0

1

1

3,548

n/a

n/a

Iowa

0

0

0

0

2

2

3,408

100.00

n/a

Jackson

0

0

0

0

0

0

n/a

n/a

-100.00

Jasper

0

0

9

0

42

51

319

466.67

537.50

Jefferson

0

0

0

0

2

2

3,808

n/a

100.00

Johnson

0

0

11

0

3

14

3,905

-17.65

180.00

Jones

0

0

0

0

0

0

n/a

n/a

-100.00

Keokuk

0

0

0

0

2

2

2,525

0.00

n/a

Kossuth

0

0

0

0

1

1

7,625

n/a

n/a

Lee

0

0

0

0

0

0

n/a

n/a

-100.00

Linn

0

0

40

0

23

63

1,456

-23.17

75.00

Louisa

0

0

0

0

1

1

5,227

n/a

0.00

Lucas

0

0

1

0

2

3

1,425

n/a

n/a

Lyon

0

0

0

0

0

0

n/a

n/a

n/a

Madison

0

0

0

0

9

9

722

200.00

125.00

Mahaska

0

0

0

0

0

0

n/a

-100.00

n/a

Marion

0

0

1

0

0

1

13,881

n/a

-50.00

Marshall

0

0

0

0

0

0

n/a

n/a

n/a

Mills

0

0

0

0

0

0

n/a

n/a

n/a

Mitchell

0

0

0

0

0

0

n/a

n/a

n/a

Monona

0

0

0

0

0

0

n/a

-100.00

n/a

Monroe

0

0

0

0

0

0

n/a

n/a

n/a

Montgomery

0

0

1

0

0

1

5,401

n/a

0.00

Muscatine

0

0

0

0

1

1

17,856

n/a

-75.00

Obrien

0

0

0

0

0

0

n/a

n/a

n/a

Osceola

0

0

0

0

0

0

n/a

n/a

n/a

Page

0

0

0

0

0

0

n/a

n/a

n/a

Palo Alto

0

0

0

0

0

0

n/a

n/a

n/a

Plymouth

0

0

0

0

8

8

1,314

n/a

n/a

Pocahontas

0

0

0

0

0

0

n/a

n/a

-100.00

Polk

0

0

75

0

78

153

1,196

-49.67

29.66

Pottawattamie

0

0

31

0

8

39

1,015

8.33

-13.33

Poweshiek

0

0

0

0

0

0

n/a

-100.00

-100.00

Ringgold

0

0

0

0

0

0

n/a

n/a

n/a

Sac

0

0

0

0

0

0

n/a

n/a

-100.00

Scott

0

0

33

0

48

81

868

97.56

32.79

Shelby

0

0

0

0

0

0

n/a

n/a

-100.00

Sioux

0

0

0

0

0

0

n/a

n/a

n/a

Story

0

0

0

0

6

6

5,718

-76.92

-50.00

Tama

0

0

0

0

6

6

1,305

n/a

n/a

Taylor

0

0

0

0

0

0

n/a

n/a

n/a

Union

0

0

0

0

1

1

5,777

0.00

-50.00

Van Buren

0

0

0

0

0

0

n/a

n/a

-100.00

Wapello

0

0

0

0

39

39

421

n/a

875.00

Warren

0

0

11

0

5

16

1,082

-38.46

23.08

Washington

0

0

0

0

8

8

1,115

n/a

700.00

Wayne

0

0

0

0

0

0

n/a

n/a

n/a

Webster

0

0

0

0

1

1

17,272

-88.89

-85.71

Winnebago

0

0

0

0

1

1

5,179

n/a

0.00

Winneshiek

0

0

0

0

0

0

n/a

n/a

n/a

Woodbury

0

0

12

0

2

14

3,004

-46.15

-26.32

Worth

0

0

0

0

0

0

n/a

n/a

n/a

Wright

0

0

0

0

0

0

n/a

n/a

n/a

 

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