LOUISIANA FORECLOSURE ACTIVITY UP 65 PERCENT IN JANUARY

Yearly Foreclosure Total Up 32 Percent From January 2007

 

IRVINE, Calif. – Feb. 26, 2008 – Louisiana reported 720 foreclosure filings in January, a 65 percent increase from the previous month, and a 32 percent increase from January 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 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.

 

Louisiana foreclosures are up both in January and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Although still below the national average, the state’s unemployment rate rose nearly 1 percent in December. This may be contributing to the recent increase.”

 

Louisiana ranked 32nd in the country in total foreclosures reported for the month. The state’s foreclosure rate of one foreclosure filing for every 2,695 households ranked it 35th among the 50 states.

 

Jefferson Parish posts highest foreclosure total

Jefferson Parish reported 184 foreclosure filings, the most of any parish in Louisiana for January. East Baton Rouge Parish posted the second highest foreclosure total, reporting 172 foreclosure filings for the month, followed by Orleans Parish with 161 foreclosure filings.

 

East Baton Rouge Parish reports highest foreclosure rate

East Baton Rouge Parish reported the highest foreclosure rate in Louisiana for January, one foreclosure filing for every 1,037 households — 2.6 times the state average. Jefferson Parish posted the second highest foreclosure rate, one foreclosure filing for every 1,046 households — 2.6 times the state average. Orleans Parish reported the third highest foreclosure rate, one filing for every 1,324 households — twice the state average.

 

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

Total foreclosure filings in Louisiana accounted for less than 1 percent of the 233,001 foreclosure filings reported nationwide in January. The national total represents an 8 percent increase from the previous month, and is 57 percent above the total reported for January 2007. The nation’s foreclosure rate increased to one foreclosure filing for every 534 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 – January 2008

 

Parish

NOD

NTS

NFS

LIS

REO

Total

Households per filing

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

52,321

60,101

19,662

55,590

45,327

233,001

534

n/a

n/a

Louisiana

0

0

616

8

96

720

2,695

0.20

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

0

0

0

0

n/a

0.00

0.00

Assumption

0

0

0

0

0

0

n/a

0.00

0.00

Avoyelles

0

0

0

0

0

0

n/a

0.00

0.00

Beauregard

0

0

0

0

0

0

n/a

0.00

0.00

Bienville

0

0

0

0

0

0

n/a

0.00

0.00

Bossier

0

0

19

0

3

22

2,037

0.26

1.32

Caddo

0

0

38

0

0

38

2,930

0.18

0.92

Calcasieu

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

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

136

0

36

172

1,037

0.52

2.60

East Carroll

0

0

0

0

0

0

n/a

0.00

0.00

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

4

0

0

4

2,211

0.24

1.22

Grant

0

0

0

0

0

0

n/a

0.00

0.00

Iberia

0

0

0

1

0

1

28,842

0.02

0.09

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

144

1

39

184

1,046

0.51

2.58

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

45

1

0

46

1,846

0.29

1.46

Lafourche

0

0

4

0

0

4

9,170

0.06

0.29

Lincoln

0

0

2

0

0

2

9,017

0.06

0.30

Livingston

0

0

0

0

0

0

n/a

0.00

0.00

Madison

0

0

0

0

0

0

n/a

0.00

0.00

Morehouse

0

0

0

0

0

0

n/a

0.00

0.00

Natchitoches

0

0

0

0

0

0

n/a

0.00

0.00

Orleans

0

0

159

2

0

161

1,324

0.40

2.04

Ouachita

0

0

12

0

0

12

5,193

0.10

0.52

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

18

1

0

19

2,870

0.19

0.94

Red River

0

0

0

0

0

0

n/a

0.00

0.00

Richland

0

0

1

0

0

1

8,604

0.06

0.31

Sabine

0

0

0

0

0

0

n/a

0.00

0.00

Saint Bernard

0

0

0

0

0

0

n/a

0.00

0.00

Saint Charles

0

0

1

1

0

2

9,337

0.06

0.29

Saint Helena

0

0

0

0

0

0

n/a

0.00

0.00

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

26

0

12

38

2,337

0.23

1.15

St John the Baptist

0

0

0

1

0

1

16,879

0.03

0.16

Tangipahoa

0

0

3

0

6

9

4,943

0.11

0.55

Tensas

0

0

0

0

0

0

n/a

0.00

0.00

Terrebonne

0

0

4

0

0

4

10,645

0.05

0.25

Union

0

0

0

0

0

0

n/a

0.00

0.00

Vermillion

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

0

0

0

0

0

n/a

0.00

0.00

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

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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