OKLAHOMA FORECLOSURE ACTIVITY DOWN 9 PERCENT IN NOVEMBER

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Foreclosure Activity Up 29 Percent From a Year Ago

 

IRVINE, Calif. – Dec. 19, 2007 – Oklahoma reported 1,188 foreclosure filings in November, a 9 percent decrease from the previous month, but still a 29 percent increase from November 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.

 

Oklahoma’s employment growth is slowing and its number of reported personal bankruptcies is up,” said James J. Saccacio, chief executive officer of RealtyTrac. “Still, the state is seeing a slight decrease in foreclosure activity compared to one month earlier.”

 

Oklahoma ranked 26th in the country in total foreclosures reported for November. The state’s foreclosure rate of one foreclosure filing for every 1,337 households ranked it 26th among the 50 states.

 

Tulsa County accounts for half of the state’s activity

Tulsa County led the state with 516 foreclosure filings for the month. Oklahoma County reported the second highest state total, with 347 foreclosure filings. Cleveland County posted the third highest foreclosure total, with 96 foreclosure filings. Canadian County had the fourth highest foreclosure total, with 48 foreclosure filings entering some part of the foreclosure pipeline.

 

Tulsa County posts highest foreclosure rate for November

Tulsa County tallied the highest foreclosure rate in Oklahoma for November, one foreclosure filing for every 497 households — 2.7 times the state average. Canadian County registered the second highest foreclosure rate, one foreclosure filing for every 797 households — 1.7 times the state average. Oklahoma County posted the third highest foreclosure rate, one foreclosure filing for every 901 households — 1.5 times the state average.

 

State makes small contribution to national total

Total foreclosure filings in Oklahoma accounted for less than 1 percent of the 201,950 foreclosure filings reported nationwide in November. The national total represents a 10 percent decrease from the previous month, but is still 68 percent above the total reported for November 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 617 U.S. households for 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.

 

 

                   Oklahoma Foreclosure Market by County – November 2007

 

County

NOD

NTS

NFS

LIS

REO

Total Filings

Households per Filing

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

35,096

51,696

20,269

48,451

46,438

201,950

617

n/a

n/a

Oklahoma

362

421

0

0

405

1,188

1,337

0.46

n/a

 

 

 

 

 

 

 

 

 

 

Adair

0

0

0

0

0

0

n/a

0.00

0.00

Alfalfa

0

0

0

0

0

0

n/a

0.00

0.00

Atoka

0

0

0

0

0

0

n/a

0.00

0.00

Beaver

0

0

0

0

0

0

n/a

0.00

0.00

Beckham

0

0

0

0

0

0

n/a

0.00

0.00

Blaine

0

0

0

0

0

0

n/a

0.00

0.00

Bryan

0

0

0

0

0

0

n/a

0.00

0.00

Caddo

0

0

0

0

0

0

n/a

0.00

0.00

Canadian

18

15

0

0

15

48

797

0.77

1.68

Carter

0

0

0

0

0

0

n/a

0.00

0.00

Cherokee

8

0

0

0

11

19

1,089

0.57

1.23

Choctaw

0

0

0

0

0

0

n/a

0.00

0.00

Cimarron

0

0

0

0

0

0

n/a

0.00

0.00

Cleveland

49

2

0

0

45

96

984

0.63

1.36

Coal

0

0

0

0

0

0

n/a

0.00

0.00

Comanche

0

1

0

0

0

1

46,096

0.01

0.03

Cotton

0

0

0

0

0

0

n/a

0.00

0.00

Craig

0

0

0

0

0

0

n/a

0.00

0.00

Creek

6

1

0

0

8

15

1,940

0.32

0.69

Custer

0

0

0

0

0

0

n/a

0.00

0.00

Delaware

3

0

0

0

2

5

4,696

0.13

0.28

Dewey

0

0

0

0

0

0

n/a

0.00

0.00

Ellis

0

0

0

0

0

0

n/a

0.00

0.00

Garfield

0

0

0

0

0

0

n/a

0.00

0.00

Garvin

0

1

0

0

1

2

6,427

0.10

0.21

Grady

0

10

0

0

0

10

2,021

0.31

0.66

Grant

0

0

0

0

0

0

n/a

0.00

0.00

Greer

0

1

0

0

0

1

2,807

0.22

0.48

Harmon

0

0

0

0

0

0

n/a

0.00

0.00

Harper

0

0

0

0

0

0

n/a

0.00

0.00

Haskell

0

0

0

0

0

0

n/a

0.00

0.00

Hughes

0

0

0

0

0

0

n/a

0.00

0.00

Jackson

0

0

0

0

0

0

n/a

0.00

0.00

Jefferson

0

0

0

0

0

0

n/a

0.00

0.00

Johnston

0

0

0

0

0

0

n/a

0.00

0.00

Kay

1

0

0

0

0

1

21,959

0.03

0.06

Kingfisher

0

0

0

0

0

0

n/a

0.00

0.00

Kiowa

0

0

0

0

0

0

n/a

0.00

0.00

Latimer

0

0

0

0

0

0

n/a

0.00

0.00

Le Flore

0

0

0

0

0

0

n/a

0.00

0.00

Lincoln

0

0

0

0

0

0

n/a

0.00

0.00

Logan

8

1

0

0

0

9

1,592

0.39

0.84

Love

0

0

0

0

0

0

n/a

0.00

0.00

Major

0

0

0

0

0

0

n/a

0.00

0.00

Marshall

0

0

0

0

0

0

n/a

0.00

0.00

Mayes

13

0

0

0

6

19

952

0.65

1.40

McClain

0

0

0

0

0

0

n/a

0.00

0.00

McCurtain

0

0

0

0

0

0

n/a

0.00

0.00

McIntosh

0

0

0

0

0

0

n/a

0.00

0.00

Murray

0

0

0

0

0

0

n/a

0.00

0.00

Muskogee

1

1

0

0

0

2

15,273

0.04

0.09

Noble

0

0

0

0

0

0

n/a

0.00

0.00

Nowata

0

0

0

0

0

0

n/a

0.00

0.00

Okfuskee

0

0

0

0

0

0

n/a

0.00

0.00

Oklahoma

105

125

0

0

117

347

901

0.68

1.48

Okmulgee

0

1

0

0

0

1

17,692

0.03

0.08

Osage

0

0

0

0

0

0

n/a

0.00

0.00

Ottawa

0

1

0

0

0

1

15,155

0.04

0.09

Pawnee

0

0

0

0

0

0

n/a

0.00

0.00

Payne

4

0

0

0

5

9

3,468

0.18

0.39

Pittsburg

0

0

0

0

0

0

n/a

0.00

0.00

Pontotoc

0

0

0

0

0

0

n/a

0.00

0.00

Pottawatomie

2

6

0

0

11

19

1,481

0.42

0.90

Pushmataha

0

0

0

0

0

0

n/a

0.00

0.00

Roger Mills

0

0

0

0

0

0

n/a

0.00

0.00

Rogers

16

1

0

0

16

33

909

0.68

1.47

Seminole

0

0

0

0

0

0

n/a

0.00

0.00

Sequoyah

0

0

0

0

0

0

n/a

0.00

0.00

Stephens

0

0

0

0

0

0

n/a

0.00

0.00

Texas

0

0

0

0

0

0

n/a

0.00

0.00

Tillman

0

0

0

0

0

0

n/a

0.00

0.00

Tulsa

111

254

0

0

151

516

497

1.24

2.69

Wagoner

13

0

0

0

10

23

1,177

0.52

1.14

Washington

4

0

0

0

7

11

2,053

0.30

0.65

Washita

0

0

0

0

0

0

n/a

0.00

0.00

Woods

0

0

0

0

0

0

n/a

0.00

0.00

Woodward

0

0

0

0

0

0

n/a

0.00

0.00

 

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).

 

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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