New Hampshire Foreclosure Activity Fell in May

Statewide foreclosure filings down 29 percent from April

 

Foreclosure activity in New Hampshire fell 29 percent in May to 751 properties with foreclosure filings. This latest state total still represents a 3 percent increase from the level reported in May 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

“Though it remained slightly above the level reported for this time last year, New Hampshire’s foreclosure activity slowed substantially in May,” said James J. Saccacio, chief executive officer of RealtyTrac. “Contributing to the recent improvement is the state’s improving unemployment rate, which recently fell to 6.4 percent – about in line with one year ago.”

 

The state’s foreclosure rate ranked 28th in the nation, as one in every 795 New Hampshire housing units received a foreclosure filing during the month.

 

Strafford County led the state in foreclosure rate for May

Strafford County posted the highest foreclosure rate in New Hampshire for May, with one in every 624 housing units receiving a foreclosure filing. Sullivan County had the second highest foreclosure rate, with one in every 638 housing units receiving a foreclosure filing. Hillsborough County had the third highest foreclosure rate, with one in every 692 housing units receiving a foreclosure filing.

 

Hillsborough County tops in foreclosure total for May

Hillsborough County led the state in activity, reporting 235 properties with foreclosure filings for the month. Rockingham County had the second highest total, documenting 175 properties with foreclosure filings. Reporting 81 properties with foreclosure filings for the month, Strafford County had the third highest total. Merrimack County was fourth highest, reporting 78 properties with foreclosure filings.

 

State a minor contributor to nation’s monthly foreclosure total in May

New Hampshire accounted for less than 1 percent of the 322,920 properties with foreclosure filings reported nationwide in May. Total U.S. activity declined by more than 3 percent from the previous month but was on par with the level reported in May 2009. One in every 400 U.S. housing units received a foreclosure filing during the month.

 

Report methodology

The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the RealtyTrac database during the month — broken out by type of filing by state, county and metropolitan statistical area. Some foreclosure filings entered into the database during the month may have been recorded in previous months. Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90 percent of the U.S. population. 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 received for a property during the month, 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 Top Foreclosure Rates By County – May 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

38,389

58,073

94,155

38,526

93,777

322,920

400

n/a

n/a

New Hampshire

0

0

463

0

288

751

795

0.50

n/a

 

 

 

 

 

 

 

 

 

 

Strafford

0

0

45

0

36

81

624

0.64

1.27

Sullivan

0

0

22

0

12

34

638

0.63

1.25

Hillsborough

0

0

157

0

78

235

692

0.58

1.15

Rockingham

0

0

108

0

67

175

710

0.56

1.12

Merrimack

0

0

48

0

30

78

795

0.50

1.00

 

 

New Hampshire Top Foreclosure Totals by County – May 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Apr 10

% Chg May 09

 

 

 

 

 

 

 

 

 

 

United States

38,389

58,073

94,155

38,526

93,777

322,920

400

-3.27

0.45

New Hampshire

0

0

463

0

288

751

795

-29.35

3.30

 

 

 

 

 

 

 

 

 

 

Hillsborough

0

0

157

0

78

235

692

-33.99

-1.67

Rockingham

0

0

108

0

67

175

710

-30.28

10.76

Strafford

0

0

45

0

36

81

624

-4.71

14.08

Merrimack

0

0

48

0

30

78

795

-21.21

2.63

Belknap

0

0

25

0

17

42

855

-40.85

-25.00

 

 

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