KENTUCKY FORECLOSURE ACTIVITY DOWN 26 PERCENT IN APRIL

Statewide Filings Down 26 Percent From April 2007

 

IRVINE, Calif. – May 30, 2008 – Kentucky reported 510 properties with foreclosure filings in April, down 26 percent from the previous month a 26 percent decline from April 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 1.5 million properties from over 2,200 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.

 

“Foreclosures are down in Kentucky on both on monthly and yearly in April basis,” said James J. Saccacio, chief executive officer of RealtyTrac. “Factors contributing to this downward trend include a statewide home price appreciation rate that was above the national average last year, and home sales volume that declined at a much slower pace than most other states.”

 

Kentucky ranked 37th in the country in total foreclosures for the month. With one in every 3,702 households receiving a foreclosure filing, its foreclosure rate ranked 43rd among the 50 states.

 

Top three counties responsible for bulk of state’s foreclosure activity

Three Kentucky counties accounted for 85 percent of all foreclosure activity in the state for April. Jefferson County had the state’s highest total, reporting 241 properties with foreclosure filings. Kenton County tallied the state’s second highest total, documenting 128 properties with foreclosure filings. Fayette County came in third highest, reporting 62 properties with foreclosure filings.

 

Kenton County posts top foreclosure rate for April

Kenton County tallied the highest county foreclosure rate in the state in April, with one in every 543 households receiving a foreclosure filing for the month — 6.8 times the state average. Jefferson County posted the state’s second highest rate, with one in every 1,351 households receiving a foreclosure filing — 2.7 times the state average. The third highest rate in the state was reported in Pendleton County, where one in every 1,988 households received a foreclosure filing in April — 1.9 times the state average.

 

State a minor contributor to nation’s foreclosure total in April

Kentucky accounted for less than 1 percent of the 243,353 properties with foreclosure filings reported nationwide in April. The national total represents more than a 4 percent increase from the previous month and is nearly 65 percent ahead of the total reported for April 2007. The nation’s foreclosure rate increased to one in every 519 U.S. households receiving 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.

 

 

   Kentucky Foreclosure Market Data by County – April 2008

 

County

NOD

LIS

NTS

NFS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

55,216

56,471

56,165

20,927

54,574

243,353

519

n/a

n/a

Kentucky

0

102

6

206

196

510

3,702

0.14

n/a

 

 

 

 

 

 

 

 

 

 

Adair

0

0

0

0

0

0

 n/a

0.00

0.00

Allen

0

0

0

1

0

1

8,404

0.06

0.44

Anderson

0

0

0

0

0

0

 n/a

0.00

0.00

Ballard

0

1

0

0

0

1

3,983

0.13

0.93

Barren

0

0

0

0

0

0

 n/a

0.00

0.00

Bath

0

0

0

0

0

0

 n/a

0.00

0.00

Bell

0

0

1

1

0

2

6,896

0.08

0.54

Boone

0

0

0

2

3

5

8,650

0.06

0.43

Bourbon

0

0

0

0

0

0

 n/a

0.00

0.00

Boyd

0

0

0

1

0

1

22,541

0.02

0.16

Boyle

0

0

0

1

1

2

6,120

0.08

0.60

Bracken

0

0

0

1

0

1

3,858

0.13

0.96

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

1

0

1

2

13,994

0.04

0.26

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

7

0

0

0

7

2,425

0.21

1.53

Campbell

0

8

0

0

0

8

4,830

0.11

0.77

Carlisle

0

0

0

0

0

0

 n/a

0.00

0.00

Carroll

0

0

0

0

1

1

4,572

0.11

0.81

Carter

0

0

0

0

1

1

12,113

0.04

0.31

Casey

0

0

0

0

0

0

 n/a

0.00

0.00

Christian

0

0

0

1

0

1

28,678

0.02

0.13

Clark

0

0

0

1

1

2

7,809

0.07

0.47

Clay

0

0

0

0

0

0

 n/a

0.00

0.00

Clinton

0

0

0

0

0

0

 n/a

0.00

0.00

Crittenden

0

0

0

0

0

0

 n/a

0.00

0.00

Cumberland

0

0

0

0

0

0

 n/a

0.00

0.00

Daviess

0

0

0

0

0

0

 n/a

0.00

0.00

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

0

0

61

1

62

2,099

0.25

1.76

Fleming

0

0

0

0

0

0

 n/a

0.00

0.00

Floyd

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

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

6,679

0.08

0.55

Grant

0

0

0

0

0

0

 n/a

0.00

0.00

Graves

0

0

0

0

1

1

16,816

0.03

0.22

Grayson

0

0

0

1

0

1

12,971

0.04

0.29

Green

0

0

0

0

0

0

 n/a

0.00

0.00

Greenup

0

0

0

0

2

2

8,179

0.06

0.45

Hancock

0

0

0

0

0

0

 n/a

0.00

0.00

Hardin

0

0

0

0

0

0

 n/a

0.00

0.00

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

0

0

0

1

1

20,464

0.03

0.18

Henry

0

0

0

1

1

2

3,468

0.15

1.07

Hickman

0

0

0

0

0

0

 n/a

0.00

0.00

Hopkins

0

0

0

0

2

2

10,748

0.05

0.34

Jackson

0

0

0

0

0

0

 n/a

0.00

0.00

Jefferson

0

0

1

118

122

241

1,351

0.38

2.74

Jessamine

0

0

0

0

3

3

6,037

0.09

0.61

Johnson

0

0

1

0

0

1

10,451

0.05

0.35

Kenton

0

84

1

4

39

128

543

0.96

6.82

Knott

0

0

0

0

0

0

 n/a

0.00

0.00

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

0

1

0

1

23,340

0.02

0.16

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

0

1

1

2

5,660

0.09

0.65

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

2

1

3

10,883

0.05

0.34

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

0

0

 n/a

0.00

0.00

Mccracken

0

0

0

1

0

1

31,757

0.02

0.12

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

1

1

3,873

0.13

0.96

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

1

1

5,491

0.09

0.67

Montgomery

0

0

0

0

0

0

 n/a

0.00

0.00

Morgan

0

0

0

0

0

0

 n/a

0.00

0.00

Muhlenberg

0

0

0

0

1

1

14,162

0.04

0.26

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

1

1

10,336

0.05

0.36

Oldham

0

0

0

2

2

4

4,971

0.10

0.74

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

2

0

0

1

3

1,988

0.26

1.86

Perry

0

0

0

0

0

0

 n/a

0.00

0.00

Pike

0

0

1

0

1

2

16,276

0.03

0.23

Powell

0

0

0

0

0

0

 n/a

0.00

0.00

Pulaski

0

0

0

1

0

1

27,799

0.02

0.13

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

0

0

1

1

9,380

0.06

0.39

Russell

0

0

0

0

0

0

 n/a

0.00

0.00

Scott

0

0

0

0

0

0

 n/a

0.00

0.00

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

1

1

6,258

0.08

0.59

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

0

0

 n/a

0.00

0.00

Trimble

0

0

0

0

0

0

 n/a

0.00

0.00

Union

0

0

0

0

0

0

 n/a

0.00

0.00

Warren

0

0

0

2

2

4

11,060

0.05

0.33

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

2

1

3

5,320

0.10

0.70

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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