New Hampshire Foreclosure Activity Rises in April

Statewide foreclosure filings up 34 percent from March

 

Monthly foreclosure activity in New Hampshire rose in April, up 34 percent from the previous month to 1,063 properties with foreclosure filings. This latest state total also represents a 3 percent year-over-year increase in foreclosure filings from April 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

“New Hampshire foreclosures spiked in April,” said James J. Saccacio, chief executive officer of RealtyTrac. “The largest increase was in bank-owned properties, which climbed 73 percent for the month. Even so, foreclosures here remain roughly the same as they were this time last year while there were dramatic year-over increases in most states. With its low unemployment rate and climbing home sales, we may see foreclosures start to come down in New Hampshire in the near future.”

                                                                         

New Hampshire ranked 35th in the country in total foreclosures reported for the month. With one in every 562 housing units receiving a foreclosure filing, its foreclosure rate ranked 21st among the 50 states.

 

Hillsborough County posts top foreclosure rate for April

Hillsborough County posted the highest county foreclosure rate in New Hampshire for April, with one in every 457 housing units receiving a foreclosure filing. Rockingham County came in second, with one in every 495 housing units receiving a foreclosure filing. Belknap County was third, with one in every 506 housing units receiving a foreclosure filing.

 

Hillsborough County led the state in total foreclosures for April

Hillsborough County also led the way in total foreclosures, reporting 356 properties with foreclosure filings for the month. Rockingham County came in second highest, documenting 251 properties with foreclosure filings. Reporting 99 properties with foreclosure filings for the month, Merrimack County ranked third highest. Strafford County was fourth, reporting 85 properties with foreclosure filings, while Belknap County came in fifth, reporting 71 properties with foreclosure filings.

 

State contributes less than 1 percent to nation’s month foreclosure total

New Hampshire accounted for less than 1 percent of the 333,837 properties with foreclosure filings reported nationwide in April. Total U.S. activity declined more than 9 percent from the previous month and was 2 percent below the level reported in April 2009. One in every 387 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: DefaultNotice 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 – April 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

42,889

60,873

96,770

40,873

92,432

333,837

387

n/a

n/a

New Hampshire

0

0

654

0

409

1,063

562

0.69

n/a

 

 

 

 

 

 

 

 

 

 

Hillsborough

0

0

226

0

130

356

457

0.85

1.23

Rockingham

0

0

160

0

91

251

495

0.78

1.13

Belknap

0

0

42

0

29

71

506

0.76

1.11

Strafford

0

0

43

0

42

85

595

0.65

0.94

Sullivan

0

0

22

0

18

40

542

0.71

1.04

 

 

 

New Hampshire Top Foreclosure Totals by County – April 2010

 

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Jan 10

% Chg Feb 09

 

 

 

 

 

 

 

 

 

 

United States

42,889

60,873

96,770

40,873

92,432

333,837

387

-9.05

-2.40

New Hampshire

0

0

654

0

409

1,063

562

33.71

2.71

 

 

 

 

 

 

 

 

 

 

Hillsborough

0

0

226

0

130

356

457

39.61

4.71

Rockingham

0

0

160

0

91

251

495

54.94

10.09

Merrimack

0

0

69

0

30

99

626

19.28

-7.48

Strafford

0

0

43

0

42

85

595

4.94

-18.27

Belknap

0

0

42

0

29

71

506

14.52

7.58

 

 

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved