NEW HAMPSHIRE FORECLOSURES SOAR 125 PERCENT IN FEBRUARY

Activity Up 350 Percent From a Year Ago

 

IRVINE, Calif. – March 26, 2007 – New Hampshire reported 36 foreclosure filings in February, a 125 percent increase from the previous month, and a 350 percent increase from February 2006, according to the latest RealtyTrac™ U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with over 850,000 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.

 

New Hampshire foreclosures have increased significantly both in February and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show that the state’s home price appreciation rate was less than half that of the national average during 2006. This is most likely a contributing factor to the overall rise in foreclosures.”

 

New Hampshire ranked among the 10 lowest states in the nation for total foreclosures in February. The state’s foreclosure rate of one foreclosure filing for every 15,195 households ranks it among the five lowest states.

 

Hillsborough County accounts for majority of state total

Hillsborough County reported the highest county total with 11 foreclosure filings for the month. Rockingham County came in second, reporting eight foreclosure filings in February, followed by Merrimack County with seven foreclosure filings.

 

Merrimack County reports highest foreclosure rate in state

Documenting one foreclosure filing for every 8,035 households — 1.9 times the state average – Merrimack County tallied the state’s highest foreclosure rate for February. Second highest rate in the state was reported in Sullivan County with one foreclosure filing for every 10,079 households – 1.5 times the state average – followed by Cheshire County with one foreclosure filing for every 10,625 households – 1.4 times the state average.

 

State contributes less than 1 percent to national total

Total foreclosure filings in New Hampshire accounted for less than 1 percent of the 130,786 filings nationwide in February. The national total was down 4 percent from the previous month, but still up 12 percent from February 2006. The nation’s foreclosure rate increased slightly to one foreclosure filing for every 884 households during the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of homes in some stage of foreclosure nationwide, by state and by county. 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 – February 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

29,662

47,127

9,404

22,479

22,114

130,786

884

n/a

n/a

New Hampshire

0

12

0

0

24

36

15,195

0.06

n/a

 

 

 

 

 

 

 

 

 

 

Belknap

0

1

0

0

1

2

16,061

0.06

0.95

Carroll

0

0

0

0

0

0

n/a 

0.00

0.00

Cheshire

0

1

0

0

2

3

10,625

0.08

1.43

Grafton

0

0

0

0

0

0

n/a 

0.00

0.00

Hillsborough

0

3

0

0

8

11

13,633

0.06

1.11

Merrimack

0

0

0

0

7

7

8,035

0.11

1.89

Rockingham

0

4

0

0

4

8

14,128

0.06

1.08

Strafford

0

2

0

0

1

3

15,180

0.06

1.00

Sullivan

0

1

0

0

1

2

10,079

0.09

1.51

 

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 construction properties, 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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