KENTUCKY FORECLOSURE ACTIVITY DOWN 18 PERCENT IN SEPTEMBER

Yearly Total Down 16 Percent From September 2006

 

IRVINE, Calif. – Oct. 26, 2007 – Kentucky reported 751 foreclosure filings in September, an 18 percent decrease from the previous month, and a 16 percent decrease from 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.

 

Kentucky foreclosures have declined both in September and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show that the home prices throughout the state have increased more than the national average, and that its home sales have declined at a much slower rate than most other states. These factors are likely contributing to the overall decline.”

 

Kentucky ranked 30th in the country in total foreclosures reported for the month. The state’s foreclosure rate of one foreclosure filing for every 2,484 households ranked it 36th among the 50 states.

 

Three counties account for bulk of state’s foreclosure activity

Total foreclosure filings in three Kentucky counties accounted for 89 percent of the state’s foreclosure activity in September. Jefferson County reported the highest foreclosure total, with 506 foreclosure filings. Fayette County documented the second highest foreclosure total, with 94 foreclosure filings for the month. Kenton County reported the third highest foreclosure total, with 75 foreclosure filings.

 

Jefferson County leads state in foreclosure rate

Jefferson County reported the highest county foreclosure rate in the state for September, with one foreclosure filing for every 637 households — 3.9 times the state average. Kenton County posted the second highest foreclosure rate, with one foreclosure filing for every 911 households — 2.7 times the state average. Ballard County posted the third highest foreclosure rate, with one foreclosure filing for every 992 households — 2.5 times the state average.

 

State contributes less than 1 percent to nation’s monthly total

Total foreclosure filings in Kentucky accounted for less than 1 percent of the 223,538 foreclosure filings 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 increased 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.

 

 

              Kentucky 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

Kentucky

0

9

370

122

250

751

2,484

0.22

n/a

 

 

 

 

 

 

 

 

 

 

Adair

0

0

0

0

0

0

n/a

0.00

0.00

Allen

0

0

1

0

0

1

8,371

0.07

0.29

Anderson

0

0

0

0

0

0

n/a

0.00

0.00

Ballard

0

0

0

4

0

4

992

0.56

2.50

Barren

0

0

1

0

0

1

17,510

0.03

0.14

Bath

0

0

0

0

0

0

n/a

0.00

0.00

Bell

0

0

0

0

0

0

n/a

0.00

0.00

Boone

0

0

3

0

1

4

10,445

0.05

0.23

Bourbon

0

0

0

1

0

1

8,809

0.06

0.28

Boyd

0

0

0

0

1

1

22,301

0.02

0.11

Boyle

0

0

0

1

0

1

12,133

0.05

0.20

Bracken

0

0

0

0

0

0

n/a

0.00

0.00

Breathitt

0

0

0

0

0

0

n/a

0.00

0.00

Breckinridge

0

0

0

0

0

0

n/a

0.00

0.00

Bullitt

0

0

4

0

0

4

6,812

0.08

0.36

Butler

0

0

0

0

0

0

n/a

0.00

0.00

Caldwell

0

0

0

0

0

0

n/a

0.00

0.00

Calloway

0

0

0

3

0

3

5,608

0.10

0.44

Campbell

0

0

2

2

0

4

9,598

0.06

0.25

Carlisle

0

0

0

0

0

0

n/a

0.00

0.00

Carroll

0

0

0

0

0

0

n/a

0.00

0.00

Carter

0

1

0

0

0

1

12,071

0.05

0.20

Casey

0

0

0

0

0

0

n/a

0.00

0.00

Christian

0

0

0

0

0

0

n/a

0.00

0.00

Clark

0

1

0

0

0

1

15,384

0.04

0.16

Clay

0

0

1

0

0

1

9,807

0.06

0.25

Clinton

0

0

0

0

0

0

n/a

0.00

0.00

Crittenden

0

0

1

0

0

1

4,555

0.12

0.54

Cumberland

0

0

0

0

0

0

n/a

0.00

0.00

Daviess

0

0

1

0

0

1

42,070

0.01

0.05

Edmonson

0

0

0

0

0

0

n/a

0.00

0.00

Elliott

0

0

0

0

0

0

n/a

0.00

0.00

Estill

0

0

0

0

0

0

n/a

0.00

0.00

Fayette

0

1

92

0

1

94

1,358

0.41

1.82

Fleming

0

0

0

0

0

0

n/a

0.00

0.00

Floyd

0

0

1

0

0

1

19,304

0.03

0.12

Franklin

0

0

2

0

0

2

11,298

0.05

0.22

Fulton

0

0

0

0

0

0

n/a

0.00

0.00

Gallatin

0

0

0

0

0

0

n/a

0.00

0.00

Garrard

0

0

0

0

1

1

6,648

0.08

0.37

Grant

0

0

1

0

0

1

10,226

0.05

0.24

Graves

0

1

0

0

0

1

16,756

0.03

0.14

Grayson

0

0

0

0

0

0

n/a

0.00

0.00

Green

0

0

0

0

0

0

n/a

0.00

0.00

Greenup

0

1

0

0

0

1

16,284

0.03

0.15

Hancock

0

0

0

0

0

0

n/a

0.00

0.00

Hardin

0

0

2

1

7

10

4,156

0.13

0.59

Harlan

0

0

0

0

0

0

n/a

0.00

0.00

Harrison

0

0

0

0

0

0

n/a

0.00

0.00

Hart

0

0

0

0

0

0

n/a

0.00

0.00

Henderson

0

1

0

0

0

1

20,326

0.03

0.12

Henry

0

0

2

0

0

2

3,432

0.16

0.72

Hickman

0

0

0

0

0

0

n/a

0.00

0.00

Hopkins

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

239

36

231

506

637

0.87

3.90

Jessamine

0

0

0

0

0

0

n/a

0.00

0.00

Johnson

0

1

0

0

0

1

10,410

0.05

0.23

Kenton

0

0

6

69

0

75

911

0.61

2.72

Knott

0

0

0

1

0

1

7,905

0.07

0.31

Knox

0

0

0

0

0

0

n/a

0.00

0.00

Larue

0

0

0

0

0

0

n/a

0.00

0.00

Laurel

0

0

3

0

1

4

5,807

0.10

0.42

Lawrence

0

0

0

0

0

0

n/a

0.00

0.00

Lee

0

0

0

0

0

0

n/a

0.00

0.00

Leslie

0

0

0

0

0

0

n/a

0.00

0.00

Letcher

0

0

0

0

0

0

n/a

0.00

0.00

Lewis

0

0

0

0

0

0

n/a

0.00

0.00

Lincoln

0

0

2

0

0

2

5,591

0.10

0.44

Livingston

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

Madison

0

0

0

1

0

1

32,059

0.02

0.07

Magoffin

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

0

0

0

0

0

n/a

0.00

0.00

Martin

0

0

0

0

0

0

n/a

0.00

0.00

Mason

0

0

0

0

1

1

7,968

0.07

0.31

McCracken

0

0

0

0

0

0

n/a

0.00

0.00

McCreary

0

0

0

0

0

0

n/a

0.00

0.00

Mclean

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

Menifee

0

0

0

0

0

0

n/a

0.00

0.00

Mercer

0

0

0

0

0

0

n/a

0.00

0.00

Metcalfe

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

10,629

0.05

0.23

Morgan

0

0

0

0

0

0

n/a

0.00

0.00

Muhlenberg

0

0

0

0

0

0

n/a

0.00

0.00

Nelson

0

0

0

0

0

0

n/a

0.00

0.00

Nicholas

0

0

0

0

0

0

n/a

0.00

0.00

Ohio

0

0

0

0

0

0

n/a

0.00

0.00

Oldham

0

0

2

2

0

4

4,825

0.12

0.51

Owen

0

0

0

0

0

0

n/a

0.00

0.00

Owsley

0

0

0

0

0

0

n/a

0.00

0.00

Pendleton

0

1

0

0

0

1

5,937

0.09

0.41

Perry

0

0

0

0

0

0

n/a

0.00

0.00

Pike

0

0

0

0

0

0

n/a

0.00

0.00

Powell

0

0

0

0

1

1

5,758

0.10

0.43

Pulaski

0

0

0

0

0

0

n/a

0.00

0.00

Robertson

0

0

0

0

0

0

n/a

0.00

0.00

Rockcastle

0

0

0

0

0

0

n/a

0.00

0.00

Rowan

0

0

1

0

0

1

9,349

0.06

0.26

Russell

0

0

0

0

0

0

n/a

0.00

0.00

Scott

0

0

2

0

0

2

7,624

0.07

0.32

Shelby

0

0

0

0

0

0

n/a

0.00

0.00

Simpson

0

0

0

0

0

0

n/a

0.00

0.00

Spencer

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

Todd

0

0

0

0

0

0

n/a

0.00

0.00

Trigg

0

0

0

0

3

3

2,327

0.24

1.06

Trimble

0

0

0

1

0

1

3,573

0.16

0.69

Union

0

0

0

0

0

0

n/a

0.00

0.00

Warren

0

1

1

0

1

3

14,313

0.04

0.17

Washington

0

0

0

0

0

0

n/a

0.00

0.00

Wayne

0

0

0

0

0

0

n/a

0.00

0.00

Webster

0

0

0

0

0

0

n/a

0.00

0.00

Whitley

0

0

0

0

0

0

n/a

0.00

00.0

Wolfe

0

0

0

0

0

0

n/a

0.00

0.00

Woodford

0

0

0

0

0

0

n/a

0.00

0.00

 

 

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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