NEW HAMPSHIRE FORECLOSURE ACTIVITY DOWN 14 PERCENT IN JANUARY

Foreclosure Filings Statewide Decrease 10 Percent From January 2008

 

IRVINE, Calif. – Feb. 27, 2009 – Foreclosure filings were reported on 750 New Hampshire properties in January, down 14 percent from the previous month, and 10 percent below the level reported for January 2008, 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 1.5 million properties from over 2,200 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 with unemployment and bankruptcy filings on the rise, foreclosure activity in New Hampshire appears to be on the decline,” said James J. Saccacio, chief executive officer of RealtyTrac. “This trend could continue with the addition of an estimated 16,000 New Hampshire jobs as part of the new economic stimulus package.”

 

New Hampshire ranked 32nd in the country in total properties with foreclosure filings for January. One in every 792 New Hampshire housing units received a foreclosure filing during the month, ranking 19th among the 50 states.

 

Hillsborough County tops in foreclosure activity for January

Hillsborough County led the state reporting 233 properties with foreclosure filings for the month. Rockingham County was second highest reporting 182 properties with foreclosure filings. Merrimack County ranked third highest activity, reporting 79 properties with foreclosure filings.

 

Rockingham County posts state’s highest foreclosure rate for January

Rockingham County reported the highest foreclosure rate in New Hampshire for January, with one in every 679 housing units receiving a foreclosure filing. Coos County posted the state’s second highest foreclosure rate, with one in every 694 housing units received a foreclosure filing. Hillsborough County documented the third highest foreclosure rate, where one in every 695 housing units received a foreclosure filing during the month.

 

State a minor contributor to nation’s foreclosure total in January

New Hampshire accounted for less than 1 percent of the 274,399 properties with foreclosure filings reported nationwide in January. The national total represented a decrease of more than 9 percent from the previous month but was still nearly 18 percent ahead of the total reported for January 2008. One in every 466 U.S. housing units received a foreclosure filing during the month.

 

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 month — 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 month — which is extremely rare — only the most recent filing is counted in the report. The report also checks if the same type of document was filed against a property in a previous month. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state the property is in, the report does not count the property in the current month.

 

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

 

           New Hampshire Foreclosure Market Data by County – January 2009

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

46,681

52,435

80,986

27,520

66,777

274,399

466

n/a

n/a

New Hampshire

0

0

485

0

265

750

792

0.59

n/a

 

 

 

 

 

 

 

 

 

 

Belknap

0

0

30

0

20

50

713

0.65

1.11

Carroll

0

0

20

0

13

33

1,165

0.40

0.68

Cheshire

0

0

17

0

17

34

994

0.47

0.80

Coos

0

0

17

0

12

29

694

0.67

1.14

Grafton

0

0

14

0

9

23

2,050

0.23

0.39

Hillsborough

0

0

162

0

71

233

695

0.67

1.14

Merrimack

0

0

49

0

30

79

781

0.60

1.01

Rockingham

0

0

124

0

58

182

679

0.69

1.17

Strafford

0

0

40

0

19

59

851

0.55

0.93

Sullivan

0

0

12

0

16

28

770

0.61

1.03

 

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).

 

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Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

 

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