Foreclosure Filings Statewide Increase 60 Percent From November 2007
IRVINE, Calif. – Dec. 29, 2008 – Foreclosure filings were reported on 671 New Hampshire properties in November, a decrease of 3 percent from the previous month, but still 60 percent above the level reported for November 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.
“Though down slightly from October, foreclosure activity within New Hampshire is well above the amount reported for this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Unemployment is also on the rise, as the state suffers economic recession along with the rest of the nation.”
New Hampshire ranked 33rd in the country in total properties with foreclosure filings for November. One in every 879 New Hampshire housing units received a foreclosure filing during the month, ranking 21st among the 50 states.
Hillsborough County tops in foreclosure activity for November
Hillsborough County led the state reporting 215 properties with foreclosure filings for the month. Rockingham County came in second highest, reporting 153 properties with foreclosure filings. Merrimack County ranked third highest, reporting 53 properties with foreclosure filings. Strafford County came in fourth place, documenting 46 properties with foreclosure filings.
State a minor contributor to nation’s foreclosure total in November
New Hampshire accounted for less than 1 percent of the 259,085 properties with foreclosure filings reported nationwide in November. The national total represented a decrease of more than 7 percent from the previous month but was still 28 percent ahead of the total reported for November 2007. One in every 488 U.S. housing units received 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.
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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