KENTUCKY FORECLOSURES INCREASE 10 PERCENT IN JUNE

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Up 125 Percent From June 2006

 

IRVINE, Calif. – July 31, 2007 – Kentucky reported 805 foreclosure filings in June, a 10 percent increase from the previous month, and 125 percent above the number reported in June 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.

 

“Though job growth remains steady across Kentucky’s service sectors, the state’s foreclosure activity remains elevated compared to a month ago and to the same time last year,” said James J. Saccacio, chief executive officer of RealtyTrac.

 

Kentucky ranked 27th in the country in total foreclosures reported for June. The state’s foreclosure rate of one foreclosure filing for every 2,175 households ranked it 30th among the 50 states.

 

Jefferson County leads state in foreclosure activity

Jefferson County led the state in foreclosure activity for June, reporting 560 foreclosure filings. Kenton County reported the second highest county total with 69 foreclosure filings. Fayette County came in third with 64 foreclosure filings for the month.

 

Jefferson County posts highest foreclosure rate

Jefferson County posted the highest foreclosure rate in the state, with one foreclosure filing for every 546 households — 4 times the state average and 1.3 times the national average. Kenton County posted the second highest foreclosure rate in the state, with one foreclosure filing for every 921 households — 2.4 times the state average. Gallatin County posted the third highest foreclosure rate, with one foreclosure filing for every 1,681 households — 1.3 times the state average.

 

State a minor contributor to national total

Total foreclosure filings in Kentucky accounted for less than 1 percent of the 164,644 foreclosure filings nationwide in June. The national total was down 7 percent from the previous month but still up 87 percent from June 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 704 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 – June 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

36,048

51,492

12,488

38,247

26,369

164,644

704

n/a

n/a

Kentucky

0

289

212

103

201

805

2,175

0.32

n/a

 

 

 

 

 

 

 

 

 

 

Allen

0

0

0

0

1

1

8,057

0.09

0.27

Anderson

0

0

0

0

1

1

7,752

0.09

0.28

Ballard

0

0

0

2

0

2

1,919

0.37

1.13

Bell

0

0

0

0

1

1

13,341

0.05

0.16

Boone

0

0

5

2

0

7

4,764

0.15

0.46

Bourbon

0

0

1

0

0

1

8,349

0.08

0.26

Boyd

0

0

2

1

1

4

5,494

0.13

0.40

Boyle

0

0

1

0

0

1

11,418

0.06

0.19

Bracken

0

0

0

0

1

1

3,715

0.19

0.59

Breathitt

0

0

1

0

0

1

6,812

0.10

0.32

Breckinridge

0

0

1

0

0

1

9,890

0.07

0.22

Bullitt

0

0

5

0

0

5

4,632

0.15

0.47

Calloway

0

0

0

3

1

4

4,017

0.18

0.54

Campbell

0

0

2

0

1

3

12,299

0.06

0.18

Carroll

0

0

0

0

0

0

n/a

0.00

0.00

Carter

0

0

0

0

0

0

n/a

0.00

0.00

Christian

0

0

1

8

0

9

3,020

0.23

0.72

Clark

0

0

1

1

0

2

6,875

0.10

0.32

Daviess

0

0

1

0

1

2

19,216

0.04

0.11

Estill

0

0

0

0

1

1

6,824

0.10

0.32

Fayette

0

37

23

1

3

64

1,815

0.39

1.20

Floyd

0

0

3

0

0

3

6,184

0.11

0.35

Franklin

0

0

0

0

1

1

21,409

0.03

0.10

Fulton

0

0

1

0

0

1

3,697

0.19

0.59

Gallatin

0

0

2

0

0

2

1,681

0.42

1.29

Garrard

0

0

1

0

2

3

2,138

0.33

1.02

Grant

0

0

2

1

1

4

2,327

0.30

0.93

Graves

0

0

2

0

2

4

4,085

0.17

0.53

Hardin

0

0

4

0

0

4

9,418

0.07

0.23

Henderson

0

0

1

1

0

2

9,733

0.07

0.22

Henry

0

0

1

0

0

1

6,381

0.11

0.34

Hopkins

0

0

1

0

1

2

10,334

0.07

0.21

Jackson

0

0

1

0

1

2

3,033

0.23

0.72

Jefferson

0

252

128

14

166

560

546

1.29

3.98

Jessamine

0

0

2

2

0

4

3,662

0.19

0.59

Kenton

0

0

3

61

5

69

921

0.76

2.36

Laurel

0

0

1

1

0

2

11,159

0.06

0.19

Lewis

0

0

0

0

1

1

6,173

0.11

0.35

Lincoln

0

0

1

0

0

1

10,127

0.07

0.21

Madison

0

0

0

0

1

1

29,595

0.02

0.07

Marshall

0

0

3

0

1

4

3,593

0.20

0.61

Mason

0

0

0

0

1

1

7,754

0.09

0.28

McCracken

0

0

0

2

1

3

10,120

0.07

0.21

Meade

0

0

0

0

0

0

n/a

0.00

0.00

Montgomery

0

0

1

0

1

2

4,841

0.15

0.45

Nelson

0

0

0

0

0

0

n/a

0.00

0.00

Oldham

0

0

1

1

0

2

7,771

0.09

0.28

Owen

0

0

0

0

0

0

n/a

0.00

0.00

Pendleton

0

0

0

1

0

1

5,756

0.12

0.38

Pike

0

0

3

0

0

3

10,308

0.07

0.21

Powell

0

0

0

0

1

1

5,526

0.13

0.39

Pulaski

0

0

2

0

1

3

9,060

0.08

0.24

Scott

0

0

1

1

0

2

6,499

0.11

0.33

Shelby

0

0

0

0

1

1

12,857

0.05

0.17

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

Warren

0

0

1

0

0

1

38,350

0.02

0.06

Whitley

0

0

1

0

0

1

15,288

0.05

0.14

Woodford

0

0

1

0

1

2

4,687

0.15

0.46

 

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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