NEW HAMPSHIRE FORECLOSURE ACTIVITY DECREASES 54 PERCENT IN JULY

ACCORDING TO REALTYTRAC® U.S. FORECLOSURE MARKET REPORT

 

Activity Up 1,138 Percent From July 2006

 

IRVINE, Calif. – Aug. 24, 2007 – New Hampshire reported 198 foreclosure filings in July, a 54 percent decrease from the previous month, but still 1,138 percent above the number reported in July 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 foreclosure activity remained extremely high in July compared to the same time last year, the state has seen a significant decrease as compared to one month earlier,” said James J. Saccacio, chief executive officer of RealtyTrac. “Employment within the state has expanded, with tourism seen as a bright spot.”

 

New Hampshire ranked 37th in the country in total foreclosures reported for July. The state’s foreclosure rate of one foreclosure filing for every 2,946 households ranked 34th among the 50 states.

 

Hillsborough County leads state in foreclosure activity

Hillsborough County reported 60 foreclosure filings, the most of any county for the month. Rockingham County was second, reporting 40 foreclosure filings for the month. Merrimack reported the third highest county total, with 22 foreclosure filings, followed by fourth place Strafford County, with 21 foreclosure filings entering the foreclosure pipeline.

 

Coos County posts highest foreclosure rate

Coos County reported the highest county foreclosure rate in the state for July, with a rate of one foreclosure filing for every 1,664 households — 1.8 times the state average. Belknap County posted the second highest foreclosure rate, with one foreclosure filing for every 2,311 households — 1.3 times the state average. Strafford County posted the third highest foreclosure rate, with one foreclosure filing for every 2,340 households — 1.3 times the state average.

 

State a minor contributor to nation’s monthly total

Total foreclosure filings in New Hampshire accounted for less than 1 percent of the 179,599 foreclosure filings nationwide in July. The national total was up 9 percent from the previous month and up 93 percent from July 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 693 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.

 

 

                   New Hampshire Foreclosure Market by County – July 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

36,741

57,327

23,136

35,553

26,842

179,599

693

n/a

n/a

New Hampshire

2

87

0

0

109

198

2,946

0.24

n/a

 

 

 

 

 

 

 

 

 

 

Belknap

0

11

0

0

4

15

2,311

0.30

1.27

Carroll

0

2

0

0

0

2

18,783

0.04

0.16

Cheshire

0

9

0

0

4

13

2,564

0.27

1.15

Coos

0

7

0

0

5

12

1,664

0.42

1.77

Grafton

0

4

0

0

1

5

9,235

0.08

0.32

Hillsborough

1

17

0

0

42

60

2,655

0.26

1.11

Merrimack

0

12

0

0

10

22

2,753

0.25

1.07

Rockingham

0

15

0

0

25

40

3,035

0.23

0.97

Strafford

1

5

0

0

15

21

2,340

0.30

1.26

Sullivan

0

5

0

0

3

8

2,653

0.26

1.11

 

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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