Filings Statewide Decrease 20 Percent From September 2007
IRVINE, Calif. – Oct. 27, 2008 – Foreclosure filings were reported on 515 New Hampshire properties in September, a decrease of 21 percent from the previous month and 20 percent below the level reported for September 2007, 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.
“New Hampshire’s unemployment rate dropped slightly to 3.9 percent in September, bringing the state’s jobless rate well below the national average,” said James J. Saccacio, chief executive officer of RealtyTrac. “Foreclosure activity within the state has decreased as well.”
New Hampshire ranked 36th in the country in total properties with foreclosure filings for September. One in every 1,145 New Hampshire households received a foreclosure filing during the month, ranking 28th among the 50 states.
Hillsborough County tops in foreclosure activity for September
Hillsborough County led the state reporting 161 properties with foreclosure filings for the month. Rockingham County came in second highest, reporting 112 properties with foreclosure filings. Merrimack County ranked third highest, reporting 64 properties with foreclosure filings. Strafford County came in fourth place, documenting 34 properties with foreclosure filings.
Merrimack County reports highest foreclosure rate in September
State a minor contributor to nation’s foreclosure total in September
New Hampshire accounted for less than 1 percent of the 265,968 properties with foreclosure filings reported nationwide in September. The national total represents a decrease of more than 12 percent from the previous month but is still 21 percent ahead of the total reported for September 2007. The nation’s foreclosure rate decreased to one in every 475 U.S. households receiving a foreclosure filing during the month.
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 – September 2008
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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).
Atomic Public Relations