Kentucky Foreclosure Activity Trends Upward in May

Total foreclosure filings statewide up 21 percent from April

 

Kentucky foreclosure activity rose in May to 1,078 properties with foreclosure filings, a 21 percent increase from the previous month and 44 percent ahead of May 2008, according to RealtyTrac’s latest U.S. Foreclosure Market Report.

 

“Foreclosure activity in Kentucky rose in May along with its unemployment rate, which hit 10.6 percent, the state’s highest since late 1983,” said James J. Saccacio, chief executive officer of RealtyTrac.

 

Kentucky ranked 31st in the country in total properties with foreclosure filings for May. One in every 1,768 Kentucky housing units received a foreclosure filing during the month, ranking 38th among the 50 states.

 

Jefferson County tops in foreclosure activity for May

Jefferson County led the state reporting 541 properties with foreclosure filings for the month. Fayette County posted the second highest total, where 107 properties with foreclosure filings were reported. Kenton County had the third highest total, reporting 79 properties with foreclosure filings, followed by Boone County, where 65 properties with foreclosure filings were tallied.

 

Oldham County posts state’s highest foreclosure rate for May

Oldham County posted the highest county foreclosure rate in Kentucky, with one in every 550 housing units receiving a foreclosure filing during the month. Jefferson County had the second highest rate, with one in every 607 housing units receiving a foreclosure filing. Shelby County posted the third highest rate, where one in every 618 housing units received a foreclosure filing during the month.

 

State a minor contributor to nation’s foreclosure activity for May

Foreclosure activity in Kentucky represented less than 1 percent of the 321,480 properties with foreclosure filings reported nationwide in May. Total U.S. activity fell 6 percent from the previous month but was still nearly 18 percent ahead of May 2008. One in every 398 U.S. housing units received 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 – May 2009

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Apr 09

% Chg May 08

 

 

 

 

 

 

 

 

 

 

United States

55,442

67,687

100,578

32,756

65,017

321,480

398

– 6.01

17.76

Kentucky

0

295

0

579

204

1,078

1,768

20.99

43.73

 

 

 

 

 

 

 

 

 

 

Adair

0

0

0

0

0

0

n/a

n/a

n/a

Allen

0

0

0

1

0

1

8,421

n/a

n/a

Anderson

0

0

0

0

0

0

n/a

n/a

-100.00

Ballard

0

0

0

0

0

0

n/a

n/a

-100.00

Barren

0

0

0

0

0

0

n/a

n/a

n/a

Bath

0

0

0

0

0

0

n/a

n/a

n/a

Bell

0

0

0

0

0

0

n/a

n/a

n/a

Boone

0

0

0

63

2

65

680

2,066.67

1,200.00

Bourbon

0

1

0

0

0

1

8,964

n/a

n/a

Boyd

0

0

0

0

0

0

n/a

-100.00

-100.00

Boyle

0

0

0

0

0

0

n/a

n/a

n/a

Bracken

0

0

0

0

0

0

n/a

-100.00

-100.00

Breathitt

0

0

0

0

0

0

n/a

n/a

n/a

Breckinridge

0

1

0

0

0

1

10,382

n/a

-50.00

Bullitt

0

0

0

0

0

0

n/a

n/a

-100.00

Butler

0

0

0

0

0

0

n/a

-100.00

n/a

Caldwell

0

0

0

0

0

0

n/a

n/a

n/a

Calloway

0

0

0

0

0

0

n/a

-100.00

-100.00

Campbell

0

0

0

46

0

46

846

119.05

4500.00

Carlisle

0

0

0

0

0

0

n/a

n/a

n/a

Carroll

0

0

0

0

0

0

n/a

n/a

n/a

Carter

0

0

0

0

0

0

n/a

n/a

n/a

Casey

0

0

0

0

0

0

n/a

n/a

n/a

Christian

0

3

0

17

4

24

1,206

166.67

n/a

Clark

0

0

0

0

0

0

n/a

-100.00

-100.00

Clay

0

0

0

0

0

0

n/a

n/a

n/a

Clinton

0

0

0

0

0

0

n/a

n/a

n/a

Crittenden

0

0

0

0

0

0

n/a

n/a

n/a

Cumberland

0

0

0

0

0

0

n/a

n/a

-100.00

Daviess

0

0

0

15

0

15

2,846

1,400.00

n/a

Edmonson

0

0

0

0

0

0

n/a

n/a

n/a

Elliott

0

0

0

0

0

0

n/a

n/a

n/a

Estill

0

0

0

0

0

0

n/a

n/a

-100.00

Fayette

0

39

0

50

18

107

1,234

38.96

109.80

Fleming

0

0

0

0

0

0

n/a

n/a

n/a

Floyd

0

0

0

0

0

0

n/a

n/a

n/a

Franklin

0

27

0

0

0

27

852

n/a

n/a

Fulton

0

1

0

0

1

2

1,878

-33.33

n/a

Gallatin

0

0

0

3

0

3

1,198

n/a

n/a

Garrard

0

0

0

0

0

0

n/a

n/a

n/a

Grant

0

0

0

0

0

0

n/a

-100.00

-100.00

Graves

0

0

0

0

0

0

n/a

n/a

n/a

Grayson

0

0

0

0

0

0

n/a

n/a

n/a

Green

0

0

0

0

0

0

n/a

n/a

n/a

Greenup

0

0

0

0

0

0

n/a

n/a

n/a

Hancock

0

0

0

0

0

0

n/a

n/a

n/a

Hardin

0

1

0

1

6

8

5,462

-60.00

n/a

Harlan

0

0

0

0

0

0

n/a

n/a

n/a

Harrison

0

0

0

0

4

4

2,033

n/a

n/a

Hart

0

0

0

0

0

0

n/a

n/a

n/a

Henderson

0

0

0

4

0

4

5,163

n/a

n/a

Henry

0

1

0

0

0

1

6,989

0.00

n/a

Hickman

0

0

0

0

0

0

n/a

n/a

n/a

Hopkins

0

0

0

0

0

0

n/a

n/a

-100.00

Jackson

0

0

0

0

0

0

n/a

n/a

n/a

Jefferson

0

158

0

260

123

541

607

-15.60

11.09

Jessamine

0

0

0

0

0

0

n/a

n/a

-100.00

Johnson

0

0

0

0

0

0

n/a

n/a

n/a

Kenton

0

0

0

41

38

79

890

-3.66

-52.98

Knott

0

0

0

0

0

0

n/a

n/a

n/a

Knox

0

0

0

0

0

0

n/a

n/a

n/a

Larue

0

0

0

0

0

0

n/a

n/a

n/a

Laurel

0

0

0

0

0

0

n/a

n/a

n/a

Lawrence

0

0

0

0

0

0

n/a

n/a

n/a

Lee

0

0

0

0

0

0

n/a

n/a

n/a

Leslie

0

0

0

0

0

0

n/a

n/a

n/a

Letcher

0

0

0

0

0

0

n/a

n/a

n/a

Lewis

0

0

0

0

0

0

n/a

n/a

n/a

Lincoln

0

0

0

0

1

1

11,404

n/a

n/a

Livingston

0

0

0

0

0

0

n/a

n/a

n/a

Logan

0

0

0

1

0

1

12,123

n/a

n/a

Lyon

0

0

0

0

0

0

n/a

n/a

-100.00

Madison

0

0

0

0

0

0

n/a

n/a

-100.00

Magoffin

0

0

0

0

1

1

5,755

n/a

n/a

Marion

0

0

0

7

0

7

1,073

n/a

n/a

Marshall

0

0

0

0

0

0

n/a

n/a

n/a

Martin

0

0

0

0

0

0

n/a

n/a

n/a

Mason

0

0

0

0

0

0

n/a

n/a

n/a

McCracken

0

0

0

2

0

2

15,951

n/a

100.00

McCreary

0

0

0

0

0

0

n/a

n/a

n/a

Mclean

0

0

0

1

0

1

4,579

n/a

n/a

Meade

0

0

0

0

0

0

n/a

n/a

n/a

Menifee

0

0

0

2

0

2

1,944

n/a

n/a

Mercer

0

0

0

0

0

0

n/a

n/a

n/a

Metcalfe

0

0

0

0

0

0

n/a

n/a

n/a

Monroe

0

0

0

0

0

0

n/a

n/a

n/a

Montgomery

0

0

0

9

0

9

1,231

n/a

n/a

Morgan

0

0

0

0

0

0

n/a

n/a

n/a

Muhlenberg

0

0

0

0

0

0

n/a

n/a

n/a

Nelson

0

0

0

0

0

0

n/a

n/a

n/a

Nicholas

0

0

0

0

0

0

n/a

n/a

n/a

Ohio

0

0

0

0

0

0

n/a

n/a

-100.00

Oldham

0

37

0

0

0

37

550

n/a

1750.00

Owen

0

0

0

0

0

0

n/a

-100.00

n/a

Owsley

0

0

0

0

0

0

n/a

n/a

n/a

Pendleton

0

0

0

0

1

1

5,976

-80.00

n/a

Perry

0

0

0

0

0

0

n/a

n/a

n/a

Pike

0

0

0

0

0

0

n/a

n/a

n/a

Powell

0

0

0

5

3

8

726

n/a

700.00

Pulaski

0

0

0

0

0

0

n/a

n/a

-100.00

Robertson

0

0

0

0

0

0

n/a

n/a

n/a

Rockcastle

0

0

0

0

0

0

n/a

n/a

n/a

Rowan

0

0

0

0

0

0

n/a

n/a

n/a

Russell

0

0

0

0

0

0

n/a

n/a

n/a

Scott

0

0

0

15

0

15

1,126

n/a

n/a

Shelby

0

25

0

0

1

26

618

n/a

n/a

Simpson

0

0

0

0

0

0

n/a

n/a

n/a

Spencer

0

1

0

0

0

1

6,452

n/a

0.00

Taylor

0

0

0

12

1

13

794

n/a

n/a

Todd

0

0

0

0

0

0

n/a

n/a

n/a

Trigg

0

0

0

0

0

0

n/a

n/a

n/a

Trimble

0

0

0

0

0

0

n/a

n/a

n/a

Union

0

0

0

0

0

0

n/a

n/a

-100.00

Warren

0

0

0

23

0

23

1,960

n/a

n/a

Washington

0

0

0

0

0

0

n/a

n/a

n/a

Wayne

0

0

0

0

0

0

n/a

n/a

n/a

Webster

0

0

0

1

0

1

6,444

0.00

n/a

Whitley

0

0

0

0

0

0

n/a

n/a

n/a

Wolfe

0

0

0

0

0

0

n/a

n/a

n/a

Woodford

0

0

0

0

0

0

n/a

n/a

n/a

 

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