KANSAS FORECLOSURE ACTIVITY UP 32 PERCENT IN FEBRUARY

State Filings Up 8 Percent From February 2007

 

IRVINE, Calif. – March 26, 2008 – Kansas reported 456 properties with foreclosure filings for February 2008. The total represents a 32 percent increase in activity from the previous month and is 8 percent above 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.

 

Just as economists predicted at the end of last year, Kansas is now experiencing a slight increase in employment,” said James J. Saccacio, chief executive officer of RealtyTrac. “However, foreclosure activity is a lagging indicator of economic growth, so it may take some time before there is a noticeable downturn in foreclosure activity.”

 

Kansas ranked 37th in the country in total properties with foreclosure filings for February. One in every 2,623 Kansas households received a foreclosure filing during the month, ranking the state 36th among the 50 states.

 

Three counties account for bulk of state foreclosure activity in February

Total foreclosure filings in three Kansas counties accounted for 75 percent of all foreclosure activity in the state for February. Wyandotte County led all counties, reporting 150 properties with foreclosure filings. Second place Sedgwick County documented 105 properties with foreclosure filings, while third place Johnson County reported 89 properties with foreclosure filings.

 

Highest foreclosure rate in the state posted by Wyandotte County

With a rate of one in every 444 households receiving a foreclosure filing — 5.9 times the state average and 1.3 times the national average — Wyandotte County took the top spot in the state for the month. Leavenworth County posted the state’s second highest rate, with one in every 1,499 households receiving a foreclosure filing — 1.8 times the state average. The third highest rate was documented in Shawnee County, where one in every 1,615 households received a foreclosure filing in February.

 

State a minor contributor to nation’s foreclosure total for the month

Total filings in Kansas 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.

 

 

                 Kansas 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

Kansas

0

6

221

132

97

456

2,623

0.21

n/a

 

 

 

 

 

 

 

 

 

 

Allen

0

0

0

0

0

0

n/a

0.00

0.00

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

2

2

12,582

0.04

0.21

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

0

1

0

1

16,106

0.03

0.16

Crawford

0

0

1

0

0

1

17,968

0.03

0.15

Decatur

0

0

0

0

0

0

n/a

0.00

0.00

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

11

9

5

25

1,793

0.31

1.46

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

0

1

0

1

13,971

0.04

0.19

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

0

0

0

n/a

0.00

0.00

Graham

0

0

0

0

0

0

n/a

0.00

0.00

Grant

0

0

1

0

0

1

3,089

0.18

0.85

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

0

0

n/a

0.00

0.00

Harvey

0

0

1

0

1

2

6,994

0.08

0.38

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

0

1

0

0

1

8,019

0.07

0.33

Jewell

0

0

0

0

0

0

n/a

0.00

0.00

Johnson

0

0

52

36

1

89

2,329

0.24

1.13

Kearny

0

0

0

0

0

0

n/a

0.00

0.00

Kingman

0

0

0

0

0

0

n/a

0.00

0.00

Kiowa

0

0

0

0

0

0

n/a

0.00

0.00

Labette

0

0

0

0

0

0

n/a

0.00

0.00

Lane

0

0

0

0

0

0

n/a

0.00

0.00

Leavenworth

0

1

12

5

0

18

1,499

0.37

1.75

Lincoln

0

0

0

0

0

0

n/a

0.00

0.00

Linn

0

0

1

0

0

1

4,975

0.11

0.53

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

0

0

n/a

0.00

0.00

Marshall

0

1

1

0

0

2

2,544

0.22

1.03

McPherson

0

0

0

0

0

0

n/a

0.00

0.00

Meade

0

0

0

0

0

0

n/a

0.00

0.00

Miami

0

1

2

0

0

3

4,013

0.14

0.65

Mitchell

0

0

0

0

0

0

n/a

0.00

0.00

Montgomery

0

0

0

0

0

0

n/a

0.00

0.00

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

0

0

0

n/a

0.00

0.00

Ness

0

0

1

0

0

1

1,856

0.30

1.41

Norton

0

0

0

0

0

0

n/a

0.00

0.00

Osage

0

0

0

0

0

0

n/a

0.00

0.00

Osborne

0

0

0

0

0

0

n/a

0.00

0.00

Ottawa

0

0

1

0

0

1

2,829

0.20

0.93

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

1

0

0

1

7,905

0.07

0.33

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

0

0

0

0

0

n/a

0.00

0.00

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

1

0

0

1

24,854

0.02

0.11

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

1

0

0

1

23,372

0.02

0.11

Scott

0

0

0

0

0

0

n/a

0.00

0.00

Sedgwick

0

0

44

36

25

105

1,925

0.29

1.36

Seward

0

0

0

0

0

0

n/a

0.00

0.00

Shawnee

0

0

22

13

13

48

1,615

0.34

1.62

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

1

0

0

0

1

11,121

0.05

0.24

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

0

0

n/a

0.00

0.00

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

67

31

50

150

444

1.25

5.91

 

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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