NEBRASKA FORECLOSURE ACTIVITY UP 70 PERCENT IN SEPTEMBER

Activity Down 9 Percent From September 2006

 

IRVINE, Calif. – Oct. 26, 2007 – Nebraska reported 470 foreclosure filings in September, a 70 percent increase from the previous month, and a 9 percent decrease from the number reported in September 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.

 

“Even though Nebraska’s economy remains strong and employment gains are being reported across many sectors, foreclosure activity is up compared to one month earlier,” said James J. Saccacio, chief executive officer of RealtyTrac. “Still, the Cornhusker State is seeing some improvement in foreclosures compared to the same time last year.”

 

Nebraska ranked 35th in the country in total foreclosures reported for September. The state’s foreclosure rate of one foreclosure filing for every 1,632 households ranked it 30th among the 50 states.

 

Douglas County reports biggest foreclosure total

Douglas County documented the highest foreclosure total for September, with 287 foreclosure filings for the month. Lancaster County reported the second highest foreclosure total, with 62 foreclosure filings. Sarpy County posted the third highest foreclosure total, with 40 foreclosure filings.

 

Red Willow County posts highest foreclosure rate

Red Willow County tallied the highest foreclosure rate in Nebraska for September, with one foreclosure filing for every 282 households — 5.8 times the state average and twice the national average. Saunders County registered the second highest foreclosure rate, with one foreclosure filing for every 385 households — 4.2 times the state average and 1.5 times the national average. Douglas County posted the third highest foreclosure rate, with one foreclosure filing for every 719 households — 2.3 times the state average.

 

State makes minor contribution to nation’s monthly total

Total foreclosure filings in Nebraska accounted for less than 1 percent of the 223,538 foreclosure filings reported nationwide in September. The national total represents an 8 percent decrease from the previous month, but is still 99 percent above the total reported for September 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 557 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.

 

 

Nebraska Foreclosure Market by County – September 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

47,234

63,405

21,925

51,172

39,802

223,538

557

n/a

n/a

Nebraska

0

8

353

26

83

470

1,632

0.34

n/a

 

 

 

 

 

 

 

 

 

 

Adams

0

0

0

0

0

0

n/a

0.00

0.00

Antelope

0

0

0

0

0

0

n/a

0.00

0.00

Arthur

0

0

0

0

0

0

n/a

0.00

0.00

Banner

0

0

0

0

0

0

n/a

0.00

0.00

Blaine

0

0

0

0

0

0

n/a

0.00

0.00

Boone

0

0

0

0

0

0

n/a

0.00

0.00

Box Butte

0

0

0

0

0

0

n/a

0.00

0.00

Boyd

0

0

0

0

0

0

n/a

0.00

0.00

Brown

0

0

0

0

0

0

n/a

0.00

0.00

Buffalo

0

1

0

0

0

1

18,227

0.03

0.09

Burt

0

1

0

0

0

1

3,757

0.15

0.43

Butler

0

0

0

0

0

0

n/a

0.00

0.00

Cass

0

0

1

0

0

1

10,946

0.05

0.14

Cedar

0

0

0

0

0

0

n/a

0.00

0.00

Chase

0

0

0

0

0

0

n/a

0.00

0.00

Cherry

0

0

0

0

0

0

n/a

0.00

0.00

Cheyenne

0

0

0

0

0

0

n/a

0.00

0.00

Clay

0

0

0

0

0

0

n/a

0.00

0.00

Colfax

0

0

3

0

0

3

1,375

0.41

1.18

Cuming

0

0

1

0

1

2

2,172

0.26

0.75

Custer

0

0

0

0

0

0

n/a

0.00

0.00

Dakota

0

0

0

0

0

0

n/a

0.00

0.00

Dawes

0

0

0

0

0

0

n/a

0.00

0.00

Dawson

0

0

0

0

0

0

n/a

0.00

0.00

Deuel

0

0

0

0

0

0

n/a

0.00

0.00

Dixon

0

0

0

0

0

0

n/a

0.00

0.00

Dodge

0

1

0

0

0

1

15,950

0.03

0.10

Douglas

0

4

221

12

50

287

719

0.78

2.27

Dundy

0

0

0

0

0

0

n/a

0.00

0.00

Fillmore

0

0

0

0

0

0

n/a

0.00

0.00

Franklin

0

0

0

0

0

0

n/a

0.00

0.00

Frontier

0

0

0

0

0

0

n/a

0.00

0.00

Furnas

0

0

0

0

0

0

n/a

0.00

0.00

Gage

0

0

2

0

0

2

5,239

0.11

0.31

Garden

0

0

0

0

0

0

n/a

0.00

0.00

Garfield

0

0

0

0

0

0

n/a

0.00

0.00

Gosper

0

0

0

0

0

0

n/a

0.00

0.00

Grant

0

0

0

0

0

0

n/a

0.00

0.00

Greeley

0

0

0

0

0

0

n/a

0.00

0.00

Hall

0

0

0

2

0

2

11,162

0.05

0.14

Hamilton

0

0

0

0

0

0

n/a

0.00

0.00

Harlan

0

0

0

0

0

0

n/a

0.00

0.00

Hayes

0

0

0

0

0

0

n/a

0.00

0.00

Hitchcock

0

0

0

0

0

0

n/a

0.00

0.00

Holt

0

0

0

0

0

0

n/a

0.00

0.00

Hooker

0

0

0

0

0

0

n/a

0.00

0.00

Howard

0

0

0

0

0

0

n/a

0.00

0.00

Jefferson

0

0

0

0

0

0

n/a

0.00

0.00

Johnson

0

0

0

0

0

0

n/a

0.00

0.00

Kearney

0

0

0

0

1

1

2,855

0.20

0.57

Keith

0

0

0

0

0

0

n/a

0.00

0.00

Keya Paha

0

0

0

0

0

0

n/a

0.00

0.00

Kimball

0

0

0

0

0

0

n/a

0.00

0.00

Knox

0

0

0

0

0

0

n/a

0.00

0.00

Lancaster

0

0

41

4

17

62

1,837

0.30

0.88

Lincoln

0

0

0

0

0

0

n/a

0.00

0.00

Logan

0

0

0

0

0

0

n/a

0.00

0.00

Loup

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

McPherson

0

0

0

0

0

0

n/a

0.00

0.00

Merrick

0

0

0

0

0

0

n/a

0.00

0.00

Morrill

0

0

0

0

0

0

n/a

0.00

0.00

Nance

0

0

0

0

0

0

n/a

0.00

0.00

Nemaha

0

0

0

0

0

0

n/a

0.00

0.00

Nuckolls

0

0

1

0

0

1

2,571

0.22

0.63

Otoe

0

0

0

0

0

0

n/a

0.00

0.00

Pawnee

0

0

0

0

0

0

n/a

0.00

0.00

Perkins

0

0

0

0

0

0

n/a

0.00

0.00

Phelps

0

0

0

0

0

0

n/a

0.00

0.00

Pierce

0

0

0

0

0

0

n/a

0.00

0.00

Platte

0

1

0

0

0

1

13,213

0.04

0.12

Polk

0

0

0

0

0

0

n/a

0.00

0.00

Red Willow

0

0

12

2

5

19

282

1.97

5.78

Richardson

0

0

0

0

0

0

n/a

0.00

0.00

Rock

0

0

0

0

0

0

n/a

0.00

0.00

Saline

0

0

0

1

0

1

5,717

0.10

0.28

Sarpy

0

0

36

1

3

40

1,364

0.41

1.19

Saunders

0

0

18

2

3

23

385

1.45

4.23

Scotts Bluff

0

0

13

0

2

15

1,090

0.51

1.49

Seward

0

0

0

1

0

1

6,756

0.08

0.24

Sheridan

0

0

0

0

0

0

n/a

0.00

0.00

Sherman

0

0

0

0

0

0

n/a

0.00

0.00

Sioux

0

0

0

0

0

0

n/a

0.00

0.00

Stanton

0

0

0

0

0

0

n/a

0.00

0.00

Thayer

0

0

0

0

0

0

n/a

0.00

0.00

Thomas

0

0

0

0

0

0

n/a

0.00

0.00

Thurston

0

0

0

0

0

0

n/a

0.00

0.00

Valley

0

0

0

0

0

0

n/a

0.00

0.00

Washington

0

0

4

1

1

6

1,320

0.42

1.23

Wayne

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

Wheeler

0

0

0

0

0

0

n/a

0.00

0.00

York

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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