NEW HAMPSHIRE FORECLOSURE ACTIVITY UP 24 PERCENT IN SEPTEMBER

Activity Up 4,486* Percent From September 2006

 

IRVINE, Calif. – Oct. 26, 2007 – New Hampshire reported 642 foreclosure filings in September, a 24 percent increase from the previous month, and 4,486* percent above the number reported in September 2006, 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 million properties from nearly 2,500 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.

 

“Even with employment up in New Hampshire, foreclosure activity remains high, especially compared to the same time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “With tourism still seen as a bright spot, the state can look to the upcoming holiday travel months to possibly improve its economy.”

 

New Hampshire ranked 32nd in the country in total foreclosures reported for September. The state’s foreclosure rate of one foreclosure filing for every 909 households ranked it 16th among the 50 states.

 

Hillsborough County reports biggest foreclosure total

Hillsborough County documented the highest foreclosure total in New Hampshire for September, with 190 foreclosure filings for the month. Rockingham County reported the second highest foreclosure total, with 163 foreclosure filings. Merrimack and Strafford counties came in third highest, with each county reporting 68 foreclosure filings.

 

Coos County leads state in foreclosure rate

Coos County tallied the highest foreclosure rate in New Hampshire for September, with one foreclosure filing for every 689 households — 1.3 times the state average. Strafford County registered the second highest foreclosure rate, with one foreclosure filing for every 723 households — 1.3 times the state average. Rockingham County came posted the third highest foreclosure rate, with one foreclosure filing for every 745 households.

 

State makes minor contribution to nation’s monthly total

Total foreclosure filings in New Hampshire accounted for less than 1 percent of the 223,538 foreclosure filings reported nationwide in September. The national total represents an 8 percent decrease from the previous month, but is still 99 percent above the total reported for September 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 557 U.S. households for the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — 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).

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

 

             New Hampshire Foreclosure Market by County – September 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

47,234

63,405

21,925

51,172

39,802

223,538

557

n/a

n/a

New Hampshire

2

477

0

0

163

642

909

0.61

n/a

 

 

 

 

 

 

 

 

 

 

Belknap

0

31

0

0

11

42

825

0.67

1.10

Carroll

0

12

0

0

0

12

3,130

0.18

0.29

Cheshire

0

29

0

0

7

36

926

0.60

0.98

Coos

1

18

0

0

10

29

689

0.81

1.32

Grafton

0

16

0

0

1

17

2,716

0.21

0.33

Hillsborough

0

150

0

0

40

190

839

0.66

1.08

Merrimack

0

43

0

0

25

68

891

0.63

1.02

Rockingham

1

121

0

0

41

163

745

0.75

1.22

Strafford

0

43

0

0

25

68

723

0.77

1.25

Sullivan

0

14

0

0

3

17

1,249

0.45

0.72

* Year over year increase was partly due to improved or expanded data coverage in the state in 2007.

 

 

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).

 

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Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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