LOUISIANA FORECLOSURE ACTIVITY DOWN 33 PERCENT IN DECEMBER

 

Yearly Foreclosure Activity Up 11 Percent From December 2006

 

IRVINE, Calif. – Jan. 25, 2008 – Louisiana reported 437 foreclosure filings in December, a 33 percent decrease from the previous month, but still an 11 percent increase from December 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 economic recovery remains slow in New Orleans and personal bankruptcies remain high within the state, some metropolitan areas within Louisiana appear to be thriving,” said James J. Saccacio, chief executive officer of RealtyTrac. “Foreclosure activity within the Pelican State remains elevated compared to the same time last year, but even this statistic appears to be improving on a monthly basis.”

 

Louisiana ranked 35th in the country in total foreclosures reported for December. The state’s foreclosure rate of one foreclosure filing for every 4,440 households ranked it 41st among the 50 states.

 

Jefferson Parish leads state in foreclosure activity

Jefferson Parish led the state in total foreclosure activity for December, reporting 175 foreclosure filings for the month. Orleans Parish reported the second highest foreclosure total, reporting 133 foreclosure filings. Saint Tammany Parish came in third with 55 foreclosure filings for the month.

 

Jefferson Parish posts highest foreclosure rate for December

Jefferson Parish led the state with the highest foreclosure rate for December, one foreclosure filing for every 1,099 households — 4 times the state average. Orleans Parish came in second with a foreclosure rate of one foreclosure filing for every 1,603 households — 2.8 times the state average. Saint Tammany Parish reported the third highest foreclosure rate, one foreclosure filing for every 1,614 households — 2.8 times the state average.

 

State makes minor contribution to nation’s total in December

Total foreclosure filings in Louisiana accounted for less than 1 percent of the 215,749 foreclosure filings reported nationwide in December. The national total represents a 7 percent increase from the previous month, and is 97 percent above the total reported for December 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 577 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.

 

 

                      Louisiana Foreclosure Market by Parish – December 2007

 

Parish

NOD

NTS

NFS

LIS

REO

Total

Households per Filing

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

46,182

54,280

18,488

47,945

48,854

215,749

577

n/a

n/a

Louisiana

0

1

366

23

47

437

4,440

0.13

n/a

 

 

 

 

 

 

 

 

 

 

Acadia

0

0

0

0

0

0

n/a

0.00

0.00

Allen

0

0

0

0

0

0

n/a

0.00

0.00

Ascension

0

0

2

0

0

2

17,433

0.03

0.25

Assumption

0

0

0

0

0

0

n/a

0.00

0.00

Avoyelles

0

0

1

1

0

2

8,718

0.07

0.51

Beauregard

0

0

1

0

0

1

14,925

0.04

0.30

Bienville

0

0

0

0

0

0

n/a

0.00

0.00

Bossier

0

0

8

2

2

12

3,735

0.15

1.19

Caddo

0

0

13

1

0

14

7,953

0.07

0.56

Calcasieu

0

0

0

2

0

2

40,929

0.01

0.11

Caldwell

0

0

0

0

0

0

n/a

0.00

0.00

Cameron

0

0

0

0

0

0

n/a

0.00

0.00

Catahoula

0

0

0

0

0

0

n/a

0.00

0.00

Claiborne

0

0

0

0

0

0

n/a

0.00

0.00

Concordia

0

0

0

0

0

0

n/a

0.00

0.00

De Soto

0

0

0

0

0

0

n/a

0.00

0.00

East Baton Rouge

0

0

4

5

0

9

19,816

0.03

0.22

East Carroll

0

0

1

0

0

1

3,267

0.18

1.36

East Feliciana

0

0

0

0

0

0

n/a

0.00

0.00

Evangeline

0

0

0

0

0

0

n/a

0.00

0.00

Franklin

0

0

2

0

0

2

4,423

0.13

1.00

Grant

0

0

0

0

0

0

n/a

0.00

0.00

Iberia

0

0

1

0

0

1

28,842

0.02

0.15

Iberville

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

135

3

37

175

1,099

0.53

4.04

Jefferson Davis

0

0

0

0

0

0

n/a

0.00

0.00

La Salle

0

0

0

0

0

0

n/a

0.00

0.00

Lafayette

0

0

9

0

0

9

9,434

0.06

0.47

Lafourche

0

0

0

0

0

0

n/a

0.00

0.00

Lincoln

0

0

1

0

0

1

18,033

0.03

0.25

Livingston

0

0

3

0

0

3

13,797

0.04

0.32

Madison

0

0

0

0

0

0

n/a

0.00

0.00

Morehouse

0

0

1

0

0

1

13,076

0.04

0.34

Natchitoches

0

0

0

0

0

0

n/a

0.00

0.00

Orleans

0

0

129

3

1

133

1,603

0.36

2.77

Ouachita

0

0

2

1

1

4

15,579

0.04

0.29

Plaquemines

0

0

0

0

0

0

n/a

0.00

0.00

Pointe Coupee

0

0

0

0

0

0

n/a

0.00

0.00

Rapides

0

0

3

1

0

4

13,633

0.04

0.33

Red River

0

0

0

0

0

0

n/a

0.00

0.00

Richland

0

0

0

0

0

0

n/a

0.00

0.00

Sabine

0

0

0

0

0

0

n/a

0.00

0.00

Saint Bernard

0

0

1

0

0

1

27,292

0.02

0.16

Saint Charles

0

0

0

0

0

0

n/a

0.00

0.00

Saint Helena

0

0

1

0

0

1

5,189

0.11

0.86

Saint James

0

0

0

0

0

0

n/a

0.00

0.00

Saint Landry

0

0

0

0

0

0

n/a

0.00

0.00

Saint Martin

0

0

0

0

0

0

n/a

0.00

0.00

Saint Mary

0

0

0

0

0

0

n/a

0.00

0.00

Saint Tammany

0

0

45

4

6

55

1,614

0.36

2.75

St John the Baptist

0

0

0

0

0

0

n/a

0.00

0.00

Tangipahoa

0

0

1

0

0

1

44,490

0.01

0.10

Tensas

0

0

0

0

0

0

n/a

0.00

0.00

Terrebonne

0

0

1

0

0

1

42,581

0.01

0.10

Union

0

0

0

0

0

0

n/a

0.00

0.00

Vermilion

0

0

0

0

0

0

n/a

0.00

0.00

Vernon

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

Webster

0

1

0

0

0

1

19,596

0.03

0.23

West Baton Rouge

0

0

0

0

0

0

n/a

0.00

0.00

West Carroll

0

0

0

0

0

0

n/a

0.00

0.00

West Feliciana

0

0

0

0

0

0

n/a

0.00

0.00

Winn

0

0

1

0

0

1

7,679

0.08

0.58

 

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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