KANSAS FORECLOSURE ACTIVITY DOWN 9 PERCENT IN SEPTEMBER

Activity Up 22 Percent From September 2006

 

IRVINE, Calif. – Oct. 26, 2007 – Kansas reported 391 foreclosure filings in September, a 9 percent decrease from the previous month, but still 22 percent above the number reported in September 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.

 

Economists are expecting a slight increase in employment for Kansas going into next year,” said James J. Saccacio, chief executive officer of RealtyTrac. “This forecast combined with the state’s slight decrease in foreclosure activity compared to last month seems to point toward economic improvement for the state.”

 

Kansas ranked 37th in the country in total foreclosures reported for September. The state’s foreclosure rate of one foreclosure filing for every 3,059 households ranked it 38th among the 50 states.

 

Sedgwick County reports biggest foreclosure total

Sedgwick County documented the highest foreclosure total in Kansas for September, with 112 foreclosure filings for the month. Johnson County reported the second highest foreclosure total, with 107 foreclosure filings. Wyandotte County posted the third highest foreclosure total, with 87 foreclosure filings. Shawnee County had the fourth highest foreclosure total, with 33 foreclosure filings entering some part of the foreclosure pipeline.

 

Wyandotte County leads state in foreclosure rate

Wyandotte County tallied the highest foreclosure rate in Kansas for September, with one foreclosure filing for every 765 households — four times the state average and 7.3 times the national average. Gove County registered the second highest foreclosure rate, with one foreclosure filing for every 1,457 households — 2.1 times the state average. Sedgwick County posted the third highest foreclosure rate, with one foreclosure filing for every 1,805 households — 1.7 times the state average.

 

State makes minor contribution to nation’s monthly total

Total foreclosure filings in Kansas accounted for less than 1 percent of the 223,538 foreclosure filings reported nationwide in September. The national total represents an 8 percent decrease from the previous month, but is still 99 percent above the total reported for September 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 557 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.

 

 

                           Kansas Foreclosure Market by County – September 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

47,234

63,405

21,925

51,172

39,802

223,538

557

n/a

n/a

Kansas

13

16

229

114

19

391

3,059

0.18

n/a

 

 

 

 

 

 

 

 

 

 

Allen

0

0

1

0

0

1

6,487

0.09

0.47

Anderson

0

0

0

0

0

0

n/a

0.00

0.00

Atchison

0

0

0

0

0

0

n/a

0.00

0.00

Barber

0

0

0

0

0

0

n/a

0.00

0.00

Barton

0

0

0

0

0

0

n/a

0.00

0.00

Bourbon

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

Butler

0

0

0

0

0

0

n/a

0.00

0.00

Chase

0

0

0

0

0

0

n/a

0.00

0.00

Chautauqua

0

0

0

0

0

0

n/a

0.00

0.00

Cherokee

0

0

0

0

0

0

n/a

0.00

0.00

Cheyenne

0

0

0

0

0

0

n/a

0.00

0.00

Clark

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

Cloud

0

0

0

0

0

0

n/a

0.00

0.00

Coffey

0

0

0

0

0

0

n/a

0.00

0.00

Comanche

0

0

0

0

0

0

n/a

0.00

0.00

Cowley

0

0

2

0

0

2

8,053

0.07

0.38

Crawford

0

0

0

0

0

0

n/a

0.00

0.00

Decatur

0

1

0

0

0

1

1,839

0.30

1.66

Dickinson

0

0

0

0

0

0

n/a

0.00

0.00

Doniphan

0

0

0

0

0

0

n/a

0.00

0.00

Douglas

0

0

4

2

1

7

6,402

0.09

0.47

Edwards

0

0

0

0

0

0

n/a

0.00

0.00

Elk

0

0

0

0

0

0

n/a

0.00

0.00

Ellis

0

0

0

0

0

0

n/a

0.00

0.00

Ellsworth

0

0

0

0

0

0

n/a

0.00

0.00

Finney

0

0

1

0

0

1

13,971

0.04

0.21

Ford

0

0

0

0

0

0

n/a

0.00

0.00

Franklin

0

0

0

0

0

0

n/a

0.00

0.00

Geary

0

0

0

0

0

0

n/a

0.00

0.00

Gove

0

0

0

1

0

1

1,457

0.38

2.10

Graham

0

0

0

0

0

0

n/a

0.00

0.00

Grant

0

0

0

0

0

0

n/a

0.00

0.00

Gray

0

0

0

0

0

0

n/a

0.00

0.00

Greeley

0

0

0

0

0

0

n/a

0.00

0.00

Greenwood

0

0

0

0

0

0

n/a

0.00

0.00

Hamilton

0

0

0

0

0

0

n/a

0.00

0.00

Harper

0

0

0

0

1

1

3,287

0.17

0.93

Harvey

0

0

1

0

1

2

6,994

0.08

0.43

Haskell

0

0

0

0

0

0

n/a

0.00

0.00

Hodgeman

0

0

0

0

0

0

n/a

0.00

0.00

Jackson

0

0

0

0

0

0

n/a

0.00

0.00

Jefferson

0

1

0

0

0

1

8,019

0.07

0.38

Jewell

0

0

0

0

0

0

n/a

0.00

0.00

Johnson

0

0

71

34

2

107

1,937

0.29

1.58

Kearny

0

0

0

0

0

0

n/a

0.00

0.00

Kingman

0

0

1

0

0

1

3,920

0.14

0.78

Kiowa

0

0

0

0

0

0

n/a

0.00

0.00

Labette

0

0

0

1

0

1

10,404

0.05

0.29

Lane

0

0

0

0

0

0

n/a

0.00

0.00

Leavenworth

0

0

9

2

3

14

1,927

0.29

1.58

Lincoln

0

0

0

0

0

0

n/a

0.00

0.00

Linn

0

0

0

0

0

0

n/a

0.00

0.00

Logan

0

0

0

0

0

0

n/a

0.00

0.00

Lyon

0

0

0

0

0

0

n/a

0.00

0.00

Marion

0

0

0

0

1

1

6,099

0.09

0.50

Marshall

0

0

0

0

0

0

n/a

0.00

0.00

McPherson

0

0

3

0

0

3

4,121

0.14

0.74

Meade

0

0

0

0

0

0

n/a

0.00

0.00

Miami

0

1

1

0

0

2

6,019

0.09

0.50

Mitchell

0

0

0

0

0

0

n/a

0.00

0.00

Montgomery

0

0

1

0

0

1

17,317

0.03

0.17

Morris

0

0

0

0

0

0

n/a

0.00

0.00

Morton

0

0

0

0

0

0

n/a

0.00

0.00

Nemaha

0

0

0

0

0

0

n/a

0.00

0.00

Neosho

0

0

0

1

0

1

7,550

0.07

0.40

Ness

0

0

0

0

0

0

n/a

0.00

0.00

Norton

0

0

0

0

0

0

n/a

0.00

0.00

Osage

0

0

0

1

0

1

7,378

0.08

0.41

Osborne

0

0

0

0

0

0

n/a

0.00

0.00

Ottawa

0

0

0

0

0

0

n/a

0.00

0.00

Pawnee

0

0

0

0

0

0

n/a

0.00

0.00

Phillips

0

0

0

0

0

0

n/a

0.00

0.00

Pottawatomie

0

0

0

0

0

0

n/a

0.00

0.00

Pratt

0

0

0

0

0

0

n/a

0.00

0.00

Rawlins

0

0

0

0

0

0

n/a

0.00

0.00

Reno

0

1

0

0

1

2

13,994

0.04

0.21

Republic

0

0

0

0

0

0

n/a

0.00

0.00

Rice

0

0

0

0

0

0

n/a

0.00

0.00

Riley

0

0

0

0

0

0

n/a

0.00

0.00

Rooks

0

0

0

0

0

0

n/a

0.00

0.00

Rush

0

0

0

0

0

0

n/a

0.00

0.00

Russell

0

0

0

0

0

0

n/a

0.00

0.00

Saline

0

0

5

1

0

6

3,895

0.14

0.78

Scott

0

0

0

0

0

0

n/a

0.00

0.00

Sedgwick

13

10

52

37

0

112

1,805

0.31

1.69

Seward

0

0

1

0

0

1

8,095

0.07

0.37

Shawnee

0

0

20

11

2

33

2,349

0.24

1.30

Sheridan

0

0

0

0

0

0

n/a

0.00

0.00

Sherman

0

0

0

0

0

0

n/a

0.00

0.00

Smith

0

0

0

0

0

0

n/a

0.00

0.00

Stafford

0

0

0

0

0

0

n/a

0.00

0.00

Stanton

0

0

0

0

0

0

n/a

0.00

0.00

Stevens

0

0

0

0

0

0

n/a

0.00

0.00

Sumner

0

0

0

0

0

0

n/a

0.00

0.00

Thomas

0

0

0

0

0

0

n/a

0.00

0.00

Trego

0

0

0

0

0

0

n/a

0.00

0.00

Wabaunsee

0

0

0

0

0

0

n/a

0.00

0.00

Wallace

0

0

0

0

0

0

n/a

0.00

0.00

Washington

0

0

0

0

1

1

3,216

0.17

0.95

Wichita

0

0

0

0

0

0

n/a

0.00

0.00

Wilson

0

0

0

0

0

0

n/a

0.00

0.00

Woodson

0

0

0

0

0

0

n/a

0.00

0.00

Wyandotte

0

2

56

23

6

87

765

0.73

3.99

 

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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