New Hampshire Foreclosure Activity Rose in October

Statewide filings up 15 percent from September

 

New Hampshire foreclosure filings rose 15 percent from the previous month to 897 properties with foreclosure filings in October, according to the latest RealtyTrac® U.S. Foreclosure Market Report. The monthly total is also 30 percent ahead of the state foreclosure level reported one year ago.

 

New Hampshire foreclosures were up both on a monthly and yearly basis for October,” said James J. Saccacio, chief executive officer of RealtyTrac. “The largest jump was in auction notices, which climbed 16 percent for the month. However, the state’s unemployment rate remains well below the national average, and home sales have improved this year. Therefore the increase in foreclosure activity we are seeing is most likely the result of overall recessionary forces.”

 

New Hampshire ranked 38th in the country in total foreclosures for the month. With one in every 662 housing units receiving a foreclosure filing, its foreclosure rate ranked 22nd among the 50 states.

 

Hillsborough County posts state’s top foreclosure rate in October

With one in every 479 housing units receiving a foreclosure filing — 1.4 times the state average — Hillsborough County posted the highest county foreclosure rate in the state for October. Belknap County ranked second highest, reporting one in every 557 housing units receiving a foreclosure filing — 1.2 times the state average. Merrimack County had the third highest rate, with one in every 671 housing units receiving a foreclosure filing. Fourth highest foreclosure rate was in Rockingham County, where one in every 698 housing units received a foreclosure filing. Fifth highest rate was reported in Strafford County, where one in every 728 housing units received a foreclosure filing during the month.

 

Five counties dominate state in foreclosure totals during October

Five counties accounted for 82 percent of all foreclosure activity in the state for October. Hillsborough County led all counties, totaling 338 properties with foreclosure filings for the month. Rockingham County was second highest, documenting 177 properties with foreclosure filings. Reporting 92 properties with foreclosure filings for the month, Merrimack County was third highest. Strafford County came in fourth, reporting 69 properties with foreclosure filings, while the fifth highest total was in Belknap County, where 64 properties with foreclosure filings were reported for the month.

 

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

New Hampshire accounted for less than 1 percent of the 332,292 properties with foreclosure filings reported nationwide in October. Total U.S. activity declined 3 percent from the previous month but was still 19 percent ahead of October 2008. One in every 385 U.S. housing units received a foreclosure filing during the month.

 

Report methodology

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 Top Foreclosure Rates By County – October 2009

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

51,373

72,916

94,850

36,076

77,077

332,292

385

n/a

n/a

New Hampshire

0

0

539

0

358

897

662

0.58

n/a

 

 

 

 

 

 

 

 

 

 

Hillsborough

0

0

214

0

124

338

479

0.80

1.38

Belknap

0

0

40

0

24

64

557

0.69

1.19

Merrimack

0

0

55

0

37

92

671

0.57

0.99

Rockingham

0

0

99

0

78

177

698

0.55

0.95

Strafford

0

0

38

0

31

69

728

0.53

0.91

 

 

New Hampshire Top Foreclosure Totals by County – October 2009

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Sept 09

% Chg Oct 08

 

 

 

 

 

 

 

 

 

 

United States

51,373

72,916

94,850

36,076

77,077

332,292

385

-3.30

18.86

New Hampshire

0

0

539

0

358

897

662

14.85

29.81

 

 

 

 

 

 

 

 

 

 

Hillsborough

0

0

214

0

124

338

479

56.48

39.09

Rockingham

0

0

99

0

78

177

698

-1.12

26.43

Merrimack

0

0

55

0

37

92

671

4.55

24.32

Strafford

0

0

38

0

31

69

728

-14.81

56.82

Belknap

0

0

40

0

24

64

557

10.34

33.33

 

 

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