Nebraska Reports More Than 600 Properties With Foreclosure Filings in First Half of 2009

Statewide foreclosure activity down 49 percent from previous six months

Foreclosure filings up 88 percent in Q2; Decrease 12 percent in June

 

Nebraska reported 638 properties with foreclosure filings throughout the first six months of 2009, a 49 percent decrease from the previous six months and 70 percent behind the first half of 2008, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

The Cornhusker State reported 418 properties with foreclosure filings for the second quarter of the year, an 88 percent increase from the previous quarter but 67 percent behind the total reported for the same quarter last year. For June the state reported 149 properties with foreclosure filings, down 12 percent from the previous month and a 66 percent decrease from June 2008.

 

Nebraska foreclosures are down nearly 50 percent so far in 2009,” said James J. Saccacio, chief executive officer of RealtyTrac. “The state has continued to hold one of the lowest unemployment rates in the nation this year — the second lowest in June. This is definitely helping to keep foreclosures here rare.”

 

Nebraska ranked 45th in the country in total foreclosures reported for the first six months of 2009. With one in every 1,224 housing units receiving a foreclosure filing, its foreclosure rate ranked 45th among the 50 states.

 

Douglas County leads in midyear foreclosure filings

Douglas County accounted for 89 percent of Nebraska’s foreclosure activity for the first half of 2009, where 566 properties with foreclosure filings were reported. Lancaster County came in second highest, reporting 33 properties with foreclosure filings halfway through the year. Sarpy County was third highest, documenting 11 properties with foreclosure filings. Fourth highest total were in Gage County and Cass County where three properties with foreclosure filings were reported in each county. Adams County, Cheyenne County, and Hall County each registered the state’s fifth highest total at midyear, reporting two properties with foreclosure filings.

 

Douglas County dominates in midyear foreclosure rate rankings

Douglas County documented the highest foreclosure rate in Nebraska, with one in every 374 housing units receiving a foreclosure filing during the first six months of 2009. Kimball County was second, with one in every 1,969 housing units receiving a foreclosure filing during the period. Cheyenne County had the third highest rate, with one in every 2,414 housing units receiving a foreclosure filing. Stanton County was fourth, with one in every 2,521 housing units receiving a foreclosure filing, followed by fifth place Furnas County, where one in every 2,736 housing units received a foreclosure filing during the six month period.

 

State contributes less than 1 percent to nation’s foreclosure total in midyear

Nebraska accounted for less than 1 percent of the 1,528,364 properties with foreclosure filings reported nationwide halfway through 2009. The national total represented a greater than 9 percent increase in activity from the previous six month period and was almost 15 percent ahead of the total reported for the first half of 2008. One in every 84 U.S. housing units received a foreclosure filing during the quarter.

 

Report methodology

The RealtyTrac Monthly U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the quarter — broken out by type of filing at the county, state and national level. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default Notice of Default (NOD) and Lis Pendens (LIS); Auction 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). If more than one foreclosure document is filed against a property during the quarter — which is extremely rare — only the most recent filing is counted in the report.

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

            Nebraska Foreclosure Market Data by County

       January – June 2009

 

County Name

Total Properties with FC Filings

% Housing Units

1/every X HU (rate)

% Chg From Jul-Dec 08

% Chg From Jan-Jun  08

 

 

 

 

 

 

United States

1,528,364

1.195

84

9.46

14.66

Nebraska

638

0.08

1,224

-48.92

-69.65

 

 

 

 

 

 

Adams

2

0.01

6,967

-60.00

0.00

Antelope

0

0.00

 n/a

-100.00

-100.00

Arthur

0

0.00

 n/a

 n/a

 n/a

Banner

0

0.00

 n/a

 n/a

 n/a

Blaine

0

0.00

 n/a

 n/a

 n/a

Boone

0

0.00

 n/a

 n/a

 n/a

Box Butte

1

0.02

5,475

-50.00

 n/a

Boyd

0

0.00

 n/a

 n/a

 n/a

Brown

0

0.00

 n/a

 n/a

 n/a

Buffalo

0

0.00

 n/a

-100.00

-100.00

Burt

1

0.03

3,757

-80.00

-50.00

Butler

0

0.00

 n/a

 n/a

-100.00

Cass

3

0.03

3,710

-66.67

-50.00

Cedar

0

0.00

 n/a

 n/a

 n/a

Chase

0

0.00

 n/a

-100.00

 n/a

Cherry

0

0.00

 n/a

 n/a

 n/a

Cheyenne

2

0.04

2,414

 n/a

 n/a

Clay

0

0.00

 n/a

-100.00

-100.00

Colfax

1

0.02

4,115

-75.00

-93.33

Cuming

0

0.00

 n/a

-100.00

-100.00

Custer

0

0.00

 n/a

-100.00

-100.00

Dakota

1

0.01

7,734

-66.67

-95.24

Dawes

0

0.00

 n/a

 n/a

 n/a

Dawson

1

0.01

9,850

-66.67

0.00

Deuel

0

0.00

 n/a

 n/a

 n/a

Dixon

0

0.00

 n/a

 n/a

-100.00

Dodge

1

0.01

16,033

-66.67

-85.71

Douglas

566

0.27

374

-28.89

-41.77

Dundy

0

0.00

 n/a

 n/a

 n/a

Fillmore

0

0.00

 n/a

-100.00

-100.00

Franklin

0

0.00

 n/a

 n/a

 n/a

Frontier

0

0.00

 n/a

 n/a

 n/a

Furnas

1

0.04

2,736

0.00

 n/a

Gage

3

0.03

3,499

50.00

-25.00

Garden

0

0.00

 n/a

 n/a

 n/a

Garfield

0

0.00

 n/a

 n/a

 n/a

Gosper

0

0.00

 n/a

 n/a

 n/a

Grant

0

0.00

 n/a

 n/a

 n/a

Greeley

0

0.00

 n/a

n/a

 n/a

Hall

2

0.01

11,311

-94.44

-96.55

Hamilton

0

0.00

 n/a

-100.00

-100.00

Harlan

0

0.00

 n/a

 n/a

 n/a

Hayes

0

0.00

 n/a

 n/a

 n/a

Hitchcock

0

0.00

 n/a

 n/a

 n/a

Holt

0

0.00

 n/a

 n/a

 n/a

Hooker

0

0.00

 n/a

 n/a

 n/a

Howard

0

0.00

 n/a

 n/a

-100.00

Jefferson

1

0.03

3,991

 n/a

 n/a

Johnson

0

0.00

 n/a

-100.00

 n/a

Kearney

1

0.04

2,852

-50.00

 n/a

Keith

0

0.00

 n/a

 n/a

-100.00

Keya Paha

0

0.00

 n/a

 n/a

 n/a

Kimball

1

0.05

1,969

-66.67

0.00

Knox

0

0.00

 n/a

-100.00

 n/a

Lancaster

33

0.03

3,527

-83.74

-93.85

Lincoln

1

0.01

16,211

-50.00

-50.00

Logan

0

0.00

 n/a

 n/a

 n/a

Loup

0

0.00

 n/a

 n/a

 n/a

Madison

0

0.00

 n/a

-100.00

-100.00

McPherson

0

0.00

 n/a

 n/a

 n/a

Merrick

0

0.00

 n/a

-100.00

 n/a

Morrill

0

0.00

 n/a

 n/a

-100.00

Nance

0

0.00

 n/a

 n/a

 n/a

Nemaha

0

0.00

 n/a

-100.00

 n/a

Nuckolls

0

0.00

 n/a

-100.00

-100.00

Otoe

1

0.01

6,955

-50.00

 n/a

Pawnee

0

0.00

 n/a

 n/a

 n/a

Perkins

0

0.00

 n/a

 n/a

 n/a

Phelps

0

0.00

 n/a

 n/a

 n/a

Pierce

0

0.00

 n/a

 n/a

-100.00

Platte

0

0.00

 n/a

-100.00

-100.00

Polk

1

0.04

2,771

0.00

 n/a

Red Willow

0

0.00

 n/a

-100.00

-100.00

Richardson

0

0.00

 n/a

-100.00

-100.00

Rock

0

0.00

 n/a

 n/a

 n/a

Saline

0

0.00

 n/a

-100.00

-100.00

Sarpy

11

0.02

5,264

-86.08

-96.33

Saunders

0

0.00

 n/a

-100.00

-100.00

Scotts Bluff

1

0.01

16,336

-94.12

-97.83

Seward

1

0.01

6,866

-83.33

-75.00

Sheridan

0

0.00

 n/a

 n/a

 n/a

Sherman

0

0.00

 n/a

 n/a

 n/a

Sioux

0

0.00

 n/a

 n/a

 n/a

Stanton

1

0.04

2,521

0.00

 n/a

Thayer

0

0.00

 n/a

-100.00

 n/a

Thomas

0

0.00

 n/a

 n/a

 n/a

Thurston

0

0.00

 n/a

 n/a

 n/a

Valley

0

0.00

 n/a

-100.00

 n/a

Washington

0

0.00

 n/a

-100.00

-100.00

Wayne

0

0.00

 n/a

 n/a

 n/a

Webster

0

0.00

 n/a

 n/a

 n/a

Wheeler

0

0.00

 n/a

 n/a

 n/a

York

0

0.00

 n/a

-100.00

 n/a

              

 

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