NEW HAMPSHIRE FORECLOSURE ACTIVITY UP 70 PERCENT IN JANUARY

Activity Level Soars 5,088 Percent From January 2007

 

IRVINE, Calif. – Feb. 26, 2008 – New Hampshire reported 830 foreclosure filings in January, a 70 percent increase from the previous month and soaring 5,088 percent from January 2007, 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 and the tourism industry seen as a bright spot, foreclosure activity remains high, especially compared to the same time last year,” said James J. Saccacio, chief executive officer of RealtyTrac.

 

New Hampshire ranked 29th in the country in total foreclosures reported for January. The state’s foreclosure rate of one foreclosure filing for every 703 households ranked 19th among the 50 states.

 

Two counties accounted for majority of state’s foreclosure filings for the month

Hillsborough County led the state in total foreclosure filings for the month, reporting 299 filings in January. Rockingham County came in second, reporting 195 foreclosure filings. Merrimack County had the third highest total, with 99 foreclosure filings followed by fourth place Strafford County with 73 foreclosure filings for the month.

 

Hillsborough County posts highest foreclosure rates in January

Hillsborough County posted the highest foreclosure rate in the state for January, one foreclosure filing for every 533 households — 1.3 times the state average and on par with the national average. Merrimack County followed in second place with a rate of one foreclosure filing for every 612 households — 1.2 times the state average. Third highest rate was reported in Rockingham County, one foreclosure filing for every 622 households — 1.1 times the state average.

 

State a minor contributor to nation’s total in January

Total filings in New Hampshire accounted for less than 1 percent of the 223,001 foreclosure filings reported nationwide in January. The national total represents an 8 percent increase from the previous month, and is 57 percent above the total reported for January 2007. The nation’s foreclosure rate increased to one foreclosure filing for every 534 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 – January 2008

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

52,321

60,101

19,662

55,590

45,327

233,001

534

n/a

n/a

New Hampshire

2

536

0

0

292

830

703

0.76

n/a

 

 

 

 

 

 

 

 

 

 

Belknap

0

21

0

0

19

40

867

0.62

0.81

Carroll

0

22

0

0

0

22

1,708

0.31

0.41

Cheshire

1

17

0

0

13

31

1,075

0.50

0.65

Coos

0

15

0

0

11

26

768

0.70

0.92

Grafton

0

24

0

0

0

24

1,924

0.28

0.37

Hillsborough

0

174

0

0

125

299

533

1.00

1.32

Merrimack

0

70

0

0

29

99

612

0.87

1.15

Rockingham

0

136

0

0

59

195

622

0.86

1.13

Strafford

1

41

0

0

31

73

673

0.79

1.04

Sullivan

0

16

0

0

5

21

1,011

0.53

0.70

 

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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