NEW HAMPSHIRE FORECLOSURES SOAR 257 PERCENT IN APRIL

Activity Up More Than 34 Times Level From a Year Ago

 

IRVINE, Calif. – May 18, 2007 – New Hampshire reported 411 foreclosure filings in April, soaring 257 percent above the level reported for the previous month, and a 3,325 percent increase from April 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 900,000 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 been increasing steadily all year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Although lower than the national average, the state’s unemployment rate has risen significantly from the first quarter of last year. This, in addition to an extremely low home price appreciation rate, is likely contributing to the recent foreclosure increase.”

 

New Hampshire ranked 34th in the country in total foreclosures for April. The state’s foreclosure rate of one foreclosure filing for every 1,331 households ranks it 21st among the 50 states.

 

Hillsborough, Merrimack counties account for largest share of state total

Hillsborough and Merrimack counties led the state with the highest county foreclosure total for April, both reporting 121 foreclosure filings. Rockingham County came in third with 92 foreclosure filings, followed by Strafford County with 49 filings in the foreclosure pipeline.

 

Strafford County posts highest foreclosure rate

Strafford County tallied the highest foreclosure rate in New Hampshire for April, reporting one foreclosure filing for every 929 households — 1.4 times the state average. Belknap County reported the second highest rate with one foreclosure filing for every 1,036 households — 1.3 times the state average. Sullivan County came in with the third highest rate with one filing for every 1,186 households – 1.1 times the state average.

 

State contribution minor to overall national total

Total foreclosure filings in New Hampshire accounted for less than percent of the 147,708 foreclosure filings nationwide in April. The national total was down less than 1 percent from the previous month, but still up 62 percent from April 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 783 U.S. households during 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 – April 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

United States

47,171

49,794

7,388

21,085

22,270

147,708

783

n/a

n/a

New Hampshire

0

345

0

0

66

411

1,331

0.59

n/a

 

 

 

 

 

 

 

 

 

Belknap

0

28

0

0

3

31

1,036

0.76

1.28

Carroll

0

15

0

0

0

15

2,317

0.34

0.57

Cheshire

0

13

0

0

8

21

1,518

0.52

0.88

Coos

0

8

0

0

0

8

2,453

0.32

0.54

Grafton

0

16

0

0

0

16

2,733

0.29

0.49

Hillsborough

0

96

0

0

25

121

1,239

0.63

1.07

Merrimack

0

35

0

0

5

121

1,406

0.56

0.95

Rockingham

0

78

0

0

14

92

1,229

0.64

1.08

Strafford

0

41

0

0

8

49

929

0.84

1.43

Sullivan

0

14

0

0

3

17

1,186

0.66

1.12

 

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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