NATIONAL FORECLOSURES INCREASE 22 PERCENT IN AUGUST

Foreclosures Up Nearly 50 Percent from August 2005, 38 Percent Year-to-Date

IRVINE, Calif. – Sept. 13, 2006* – RealtyTrac™ (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, today released its August 2006 U.S. Foreclosure Market Report, which shows 113,300 properties nationwide entered some stage of foreclosure during the month, a 22 percent increase from the previous month and an increase of nearly 50 percent from August 2005.  The report also shows a national foreclosure rate of one new foreclosure filing for every 1,021 U.S. households, the second highest monthly foreclosure rate reported year to date.

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with nearly 650,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate, The Wall Street Journal’s Real Estate Journal and Knight Ridder Online.

“After spiking early in the year U.S foreclosure activity has been relatively flat over the last few months. But foreclosures ramped up significantly in August, pushing the national foreclosure rate close to its highest level of the year so far,” said James J. Saccacio, chief executive officer of RealtyTrac. “And with home price appreciation continuing to decelerate and billions of dollars in adjustable rate mortgages projected to reset in the next few months, this month’s increase could be the beginning of an upward shift in the foreclosures market.”

Colorado, Nevada and Florida post top state foreclosure rates
Colorado foreclosure activity spiked nearly 60 percent from the previous month and the state documented the nation’s highest state foreclosure rate for the sixth month in a row, with one new foreclosure filing for every 301 households. The state reported 6,079 properties entering some stage of foreclosure during the month, more than twice the number reported in August 2005 and the seventh highest number reported by any state.

With one new foreclosure filing for every 430 households, Nevada posted the nation’s second highest state foreclosure rate for the third straight month. The state reported 2,016 properties entering some stage of foreclosure, a 24 percent increase from the previous month and more than three times the number reported in August 2005.

Florida foreclosure activity jumped to its highest level of the year so far, with 16,433 properties entering some stage of foreclosure in August — the most of any state and an increase of more than 50 percent from the previous month. The state’s foreclosure rate of one new foreclosure filing for every 445 households ranked as the nation’s third highest state foreclosure rate.

Other states reporting foreclosure rates among the nation’s 10 highest were Georgia, Texas, Michigan, Ohio, Illinois, Indiana and Utah.

Five states account for half of nation’s foreclosure activity
The five states with the most new foreclosure filings — Florida, Texas, California, Ohio and Illinois — accounted for 50 percent of the nation’s foreclosure activity in August.

Texas reported 14,272 properties entering some stage of foreclosure, the second most of any state and an increase of nearly 9 percent from the previous month. The state’s foreclosure rate of one new foreclosure filing for every 564 households was 1.8 times the national average.

With 12,486 properties entering some stage of foreclosure, California foreclosures increased nearly 25 percent from the previous month, and the state’s foreclosure rate — one new foreclosure filing for every 978 households — registered slightly above the national average for the third month in a row.

Ohio reported 7,468 properties entering some stage of foreclosure, a 36 percent increase from the previous month, and Illinois reported 6,909 properties entering some stage of foreclosure, an increase of more than 37 percent from the previous month.

Highest metro foreclosure rates in Colorado and Florida
Greeley, Colo., posted the highest foreclosure rate among the nation’s 252 largest metropolitan areas, with one new foreclosure filing for every 136 households — more than seven times the national average. The Greeley metro area comprises one county, Weld, which reported 488 properties entering some stage of foreclosure, a 39 percent increase from the previous month.

Fort Lauderdale, Fla., documented the nation’s second highest metro foreclosure rate — one new foreclosure filing for every 174 households. Broward County reported 4,263 properties entering some stage of foreclosure, an increase of more than 160 percent from the previous month.

Miami and Denver documented identical foreclosure rates of one new foreclosure filing for every 196 households. Miami reported 4,355 properties entering some stage of foreclosure, and Denver reported 4,506 properties entering some stage of foreclosure.

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of homes entering some stage of foreclosure nationwide and by state over the preceding month. Data is also available at the individual county level. RealtyTrac’s report includes properties in all three phases of foreclosure: Pre-foreclosures — Notice of Default (NOD) and Lis Pendens (LIS); Foreclosures — 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).

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. (http://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 construction properties, with more than 1 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. Forcurrent news and information regarding foreclosure-related issues and trends,visit our blog at www.ForeclosurePulse.com.

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Order Customized Reports
Detailed and historical foreclosure data used to create the above report may bepurchased through the RealtyTrac Data Licensing Department at 949.502.8300 Ext.158. Aggregate data is available at the state, metro, county and zip codelevels dating back to 2005, and address-level foreclosure records are alsoavailable historically.

Media Contacts:
Michelle Schneider
949.502.8300 Ext. 139
michelle.schneider@realtytrac.com

Christine Stricker
949.502.8300 Ext. 268
christine.stricker@realtytrac.com

Detailed & Historical Data:
Tyler White
949.502.8300 Ext. 158
tyler.white@realtytrac.com

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