OKLAHOMA FORECLOSURES DECREASE 18 PERCENT IN JUNE

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Down 31 Percent From June 2006

 

IRVINE, Calif. – July 31, 2007 – Oklahoma reported 764 foreclosure filings in June, an 18 percent decrease from the previous month, and 31 percent below the number reported in June 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.

 

“Total foreclosures were down significantly in Oklahoma on both a monthly and yearly basis,” said James J. Saccacio, chief executive officer of RealtyTrac. “A state unemployment rate that remains below the national average, plus positive home sales activity and price appreciation are all factors contributing to this latest decline in foreclosure activity.”

 

Total foreclosures in the Sooner State were the 28th highest in the country for June. The state’s foreclosure rate of one new foreclosure filing for every 1,982 households ranked 28th among the 50 states.

 

Tulsa County leads all in foreclosure activity for June

Tulsa County led the state in foreclosure activity for June, reporting 286 foreclosure filings. Oklahoma County reported the second highest county total with 261 filings. Third highest was reported in Canadian County with 44 filings in the foreclosure pipeline for the month.

 

Highest foreclosure rate reported in Logan County

Logan County posted the highest foreclosure rate in the state, one foreclosure filing for every 605 households — 3.3 times the state average and 1.2 times the national average. Canadian County posted the second highest foreclosure rate in the state, one foreclosure filing for every 772 households — 2.6 times the state average. Third highest foreclosure rate in the state was posted in Tulsa County, one foreclosure filing for every 853 households — 2.3 times the state average.

 

State a minor contributor to national total

Total foreclosure filings in Oklahoma accounted for less than 1 percent of the 164,644 foreclosure filings nationwide in June. The national total was down 7 percent from the previous month but still up 87 percent from June 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 704 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.

 

 

                    Oklahoma Foreclosure Market by County – June 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

36,048

51,492

12,488

38,247

26,369

164,644

704

n/a

n/a

Oklahoma

153

415

0

0

196

764

1,982

0.36

n/a

 

 

 

 

 

 

 

 

 

 

Adair

0

0

0

0

0

0

n/a

0.00

0.00

Atoka

1

0

0

0

0

1

5,673

0.12

0.35

Blaine

0

0

0

0

1

1

5,308

0.13

0.37

Bryan

1

0

0

0

0

1

16,715

0.04

0.12

Caddo

0

1

0

0

0

1

13,096

0.05

0.15

Canadian

7

24

0

0

13

44

772

0.91

2.57

Cherokee

4

0

0

0

1

5

3,900

0.18

0.51

Cleveland

3

2

0

0

12

17

4,991

0.14

0.40

Comanche

3

1

0

0

1

5

9,083

0.08

0.22

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

2

2

0

0

1

5

5,597

0.13

0.35

Custer

0

1

0

0

0

1

11,675

0.06

0.17

Delaware

2

0

0

0

1

3

7,430

0.09

0.27

Garfield

0

1

0

0

0

1

26,047

0.03

0.08

Garvin

0

1

0

0

0

1

12,641

0.06

0.16

Grady

0

3

0

0

3

6

3,241

0.22

0.61

Jackson

0

1

0

0

0

1

12,377

0.06

0.16

Kay

0

0

0

0

1

1

21,804

0.03

0.09

Kingfisher

0

0

0

0

1

1

5,879

0.12

0.34

Le Flore

0

0

0

0

0

0

 n/a

0.00

0.00

Logan

9

0

0

0

14

23

605

1.16

3.28

Mayes

6

0

0

0

1

7

2,489

0.28

0.80

McClain

0

7

0

0

1

8

1,399

0.50

1.42

Muskogee

0

3

0

0

0

3

9,858

0.07

0.20

Nowata

0

1

0

0

1

2

2,353

0.30

0.84

Oklahoma

22

219

0

0

20

261

1,130

0.62

1.75

Okmulgee

0

0

0

0

1

1

17,316

0.04

0.11

Osage

2

0

0

0

2

4

4,707

0.15

0.42

Ottawa

1

0

0

0

2

3

4,947

0.14

0.40

Pawnee

0

0

0

0

0

0

 n/a

0.00

0.00

Payne

0

1

0

0

0

1

29,326

0.02

0.07

Pittsburg

0

0

0

0

1

1

21,520

0.03

0.09

Pontotoc

0

0

0

0

1

1

15,575

0.05

0.13

Pottawatomie

1

2

0

0

8

11

2,482

0.28

0.80

Rogers

4

1

0

0

11

16

1,717

0.41

1.15

Sequoyah

1

0

0

0

0

1

16,940

0.04

0.12

Stephens

0

0

0

0

0

0

 n/a

0.00

0.00

Tulsa

68

141

0

0

77

286

853

0.83

2.32

Wagoner

12

2

0

0

9

23

1,008

0.70

1.97

Washington

4

1

0

0

12

17

1,309

0.54

1.51

Woods

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 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).

 

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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