IOWA FORECLOSURES DECREASE 12 PERCENT IN JUNE

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Up 174 Percent From June 2006

 

IRVINE, Calif. – July 31, 2007 – Iowa reported 457 foreclosure filings in June, a 12 percent decrease from the previous month, but still a 174 percent increase from the number reported in June 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 have decreased slightly in June, the numbers have more than doubled from this time last year,” said James J. Sacaccio, chief executive officer of RealtyTrac. “Statistics show that the state’s home price appreciation rate was lower than the national average last year. This may be contributing to the overall rise.”

 

Iowa ranked 33rd in the country in total foreclosures for June. The state’s foreclosure rate of one foreclosure filing for every 2,697 households ranked it 34th among the 50 states.

 

Polk County leads in foreclosure activity for June

Polk County led the state in foreclosure activity for June, reporting 185 foreclosure filings. Scott County reported the second highest county total, with 78 foreclosure filings. Linn County came in third with 55 foreclosure filings for the month.

 

Scott County posts highest foreclosure rate

Scott County posted the highest foreclosure rate in the state, with one foreclosure filing for every 842 households — 3.2 times the state average. Polk County posted the second highest foreclosure rate in the state, with one foreclosure filing for every 846 households — 3.2 times the state average. Buena Vista County posted the third highest foreclosure rate, with one foreclosure filing for every 1,358 households — twice the state average.

 

State contributes less than 1 percent to national total

Total foreclosure filings in Iowa accounted for less than 1 percent of the 164,644 foreclosure filings nationwide in June. The national total was down 7 percent from the previous month but still up 87 percent from June 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 704 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 – June 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

36,048

51,492

12,488

38,247

26,369

164,644

704

n/a

n/a

Iowa

26

214

0

0

217

457

2,697

0.26

n/a

 

 

 

 

 

 

 

 

 

 

Benton

0

0

0

0

0

0

n/a

0.00

0.00

Black Hawk

3

3

0

0

2

8

6,470

0.11

0.42

Boone

0

3

0

0

4

7

1,567

0.45

1.72

Buchanan

0

0

0

0

2

2

4,349

0.16

0.62

Buena Vista

1

2

0

0

3

6

1,358

0.52

1.99

Carroll

1

0

0

0

0

1

9,019

0.08

0.30

Cass

0

1

0

0

0

1

6,590

0.11

0.41

Cedar

0

1

0

0

2

3

2,523

0.28

1.07

Cerro Gordo

0

0

0

0

3

3

7,163

0.10

0.38

Clarke

0

1

0

0

0

1

3,934

0.18

0.69

Clay

0

0

0

0

1

1

7,828

0.09

0.34

Clinton

1

2

0

0

1

4

5,396

0.13

0.50

Crawford

0

0

0

0

1

1

6,958

0.10

0.39

Dallas

0

0

0

0

3

3

5,510

0.13

0.49

Delaware

0

0

0

0

1

1

7,682

0.09

0.35

Des Moines

0

0

0

0

0

0

n/a

0.00

0.00

Dickinson

1

0

0

0

1

2

5,688

0.12

0.47

Dubuque

0

0

0

0

0

0

n/a

0.00

0.00

Floyd

0

0

0

0

1

1

7,317

0.10

0.37

Franklin

0

0

0

0

1

1

4,763

0.15

0.57

Fremont

0

0

0

0

1

1

3,514

0.20

0.77

Greene

0

0

0

0

1

1

4,623

0.15

0.58

Grundy

0

0

0

0

1

1

5,304

0.13

0.51

Guthrie

0

0

0

0

0

0

n/a

0.00

0.00

Hamilton

0

0

0

0

1

1

7,082

0.10

0.38

Hancock

0

0

0

0

0

0

n/a

0.00

0.00

Hardin

0

0

0

0

1

1

8,318

0.08

0.32

Harrison

0

0

0

0

2

2

3,301

0.21

0.82

Iowa

0

0

0

0

0

0

n/a

0.00

0.00

Jasper

0

1

0

0

0

1

15,659

0.04

0.17

Jefferson

0

0

0

0

0

0

n/a

0.00

0.00

Johnson

0

6

0

0

0

6

7,639

0.09

0.35

Jones

0

0

0

0

0

0

n/a

0.00

0.00

Lee

0

1

0

0

0

1

16,612

0.04

0.16

Linn

2

28

0

0

25

55

1,465

0.48

1.84

Lucas

0

0

0

0

1

1

4,239

0.17

0.64

Madison

01

0

0

0

1

1

5,661

0.12

0.48

Mahaska

0

2

0

0

1

3

3,184

0.22

0.85

Marion

1

1

0

0

1

3

4,252

0.17

0.63

Marshall

0

0

0

0

1

1

16,324

0.04

0.17

Mills

0

0

0

0

0

0

n/a

0.00

0.00

Monroe

0

0

0

0

1

1

3,588

0.20

0.75

Muscatine

0

0

0

0

4

4

4,197

0.17

0.64

Obrien

0

0

0

0

1

1

6,509

0.11

0.41

Page

0

0

0

0

0

0

n/a

0.00

0.00

Polk

12

77

0

0

96

185

846

0.83

3.19

Pottawattamie

1

9

0

0

4

14

2,554

0.28

1.06

Ringgold

0

0

0

0

0

0

n/a

0.00

0.00

Scott

1

45

0

0

32

78

842

0.84

3.20

Shelby

0

1

0

0

1

2

2,730

0.26

0.99

Story

0

5

0

0

3

8

3,829

0.18

0.70

Wapello

0

0

0

0

7

7

2,268

0.31

1.19

Warren

0

4

0

0

0

4

3,822

0.18

0.71

Washington

0

2

0

0

0

2

4,272

0.16

0.63

Webster

0

2

0

0

3

5

3,394

0.21

0.79

Winnebago

0

0

0

0

1

1

5,065

0.14

0.53

Woodbury

2

15

0

0

2

19

2,179

0.32

1.24

Wright

0

1

0

0

0

1

6,559

0.11

0.41

 

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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