New Hampshire Foreclosure Activity Rises in January

Statewide filings up 103 percent from December

 

Foreclosure activity in New Hampshire increased in January to 1,134 properties with foreclosure filings, a 103 percent increase from December 2009 and up 51 percent from January 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

“The number of foreclosure filings in New Hampshire rose sharply in January to more than double what was reported one month earlier,” said James J. Saccacio, chief executive officer of RealtyTrac. “New Hampshire’s jump in activity was the highest reported among all the states in January, even as its unemployment rate remained below the national average.”

 

One in every 527 New Hampshire housing units received a foreclosure filing in January, the 15th highest foreclosure rate in the nation.

 

Hillsborough County posts state’s top foreclosure rate for January

Hillsborough County posted the state’s highest county foreclosure rate in January, with one in every 425 housing units receiving a foreclosure filing. Belknap County had the second highest foreclosure rate, with one in every 438 housing units receiving a foreclosure filing. Strafford County was third, with one in every 452 housing units receiving a foreclosure filing. Coos County came in fourth highest, with one in every 545 housing units receiving a foreclosure filing. Rockingham County posted the fifth highest foreclosure rate, where one in every550 housing units received a foreclosure filing during the month.

 

Hillsborough County also led the state in total foreclosure filings for January

Hillsborough County also led the state reporting 382 properties with foreclosure filings for the month. Rockingham County had the second highest total, documenting 226 properties with foreclosure filings. Strafford County had the third highest total, reporting 112 properties with foreclosure filings for the month. Merrimack County came in fourth highest, reporting 107 properties with foreclosure filings, followed by Belknap County where 82 properties with foreclosure filings were reported.

 

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

New Hampshire accounted for less than 1 percent of the 315,716 properties with foreclosure filings reported nationwide in January. Total U.S. activity declined nearly 10 percent from the previous month but was still 15 percent ahead of January 2009. One in every 409 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 – January 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

40,456

62,850

90,451

34,311

87,648

315,716

409

n/a

n/a

New Hampshire

0

0

769

0

365

1,134

527

0.78

n/a

 

 

 

 

 

 

 

 

 

 

Hillsborough

0

0

274

0

108

382

425

0.95

1.24

Belknap

0

0

48

0

34

82

438

0.92

1.20

Strafford

0

0

76

0

36

112

452

0.90

1.17

Coos

0

0

23

0

14

37

545

0.74

0.97

Rockingham

0

0

162

0

64

226

550

0.74

0.96

 

 

New Hampshire Top Foreclosure Totals by County – January 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Dec 09

% Chg Jan 09

 

 

 

 

 

 

 

 

 

 

United States

40,456

62,850

90,451

34,311

87,648

315,716

409

-9.67

15.06

New Hampshire

0

0

769

0

365

1,134

527

103.23

51.20

 

 

 

 

 

 

 

 

 

 

Hillsborough

0

0

274

0

108

382

425

118.29

63.95

Rockingham

0

0

162

0

64

226

550

132.99

24.18

Strafford

0

0

76

0

36

112

452

128.57

89.83

Merrimack

0

0

75

0

32

107

579

69.84

35.44

Belknap

0

0

48

0

34

82

438

90.70

64.00

 

 

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