OKLAHOMA FORECLOSURES DECREASE 18 PERCENT IN MARCH

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Down 17 Percent From a Year Ago

 

IRVINE, Calif. – April 23, 2007 – Oklahoma reported 1,138 foreclosure filings in March, an 18 percent decrease from the previous month, and a 17 percent decrease from March 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.

 

Oklahoma foreclosures have decreased both in March and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show that the state is experiencing a great deal of employment growth — especially in the junior college and spectator sports sectors. This is likely contributing to the overall decline.”

 

Oklahoma ranked 21st in the country in total foreclosures for March. The state’s foreclosure rate of one foreclosure filing for every 1,313 households ranks it 19th among the 50 states.

 

Top three counties account for largest share of state total

Three counties accounted for 85 percent of all foreclosures in Oklahoma for the month. Oklahoma County reported the highest total with 522 foreclosure filings. Tulsa County came in second with 392 foreclosure filings, followed by Canadian County with 54 foreclosure filings.

 

Oklahoma County posts highest foreclosure rate

Oklahoma County posted the highest foreclosure rate for March, reporting one foreclosure filing for every 565 households — 2.3 times the state average and 1.4 times the national average. Tulsa County reported the second highest foreclosure rate, with one foreclosure filing for every 622 households — 2.1 times the state average and 1.3 times the national average. Canadian County posted the third highest foreclosure rate, with one foreclosure filing for every 629 households —2.1 times the state average and 1.2 times the national average. 

 

State contributes 1 percent to national total

Total foreclosure filings in Oklahoma accounted for 1 percent of the 149,150 foreclosure filings nationwide in March. The national total was up almost 7 percent from the previous month, and surged 47 percent from March 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 775 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.

 

 

  Oklahoma Foreclosure Market by County – March 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

United States

47,134

51,203

8,906

19,416

22,491

149,150

775

n/a

n/a

Oklahoma

317

570

0

0

251

1,138

1,313

0.59

n/a

 

 

 

 

 

 

 

 

 

Adair

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

6

42

0

0

6

54

629

1.23

2.09

Cleveland

17

3

0

0

16

36

2,357

0.33

0.56

Comanche

0

1

0

0

0

1

45,416

0.02

0.03

Craig

1

0

0

0

0

1

6,459

0.12

0.20

Creek

9

2

0

0

6

17

1,646

0.47

0.80

Delaware

0

0

0

0

1

1

2,290

0.34

0.57

Garfield

0

0

0

0

0

0

n/a

0.00

0.00

Grady

9

8

0

0

0

17

1,144

0.68

1.15

Greer

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

Latimer

0

1

0

0

0

1

4,709

0.16

0.28

Le Flore

0

1

0

0

0

1

20,142

0.04

0.07

Lincoln

0

1

0

0

0

1

13,712

0.06

0.10

Logan

0

0

0

0

0

0

n/a

0.00

0.00

Mayes

3

0

0

0

0

3

5,808

0.13

0.23

McClain

2

9

0

0

0

11

1,017

0.76

1.29

McIntosh

0

0

0

0

0

0

n/a

0.00

0.00

Muskogee

0

1

0

0

0

1

29,575

0.03

0.04

Nowata

1

0

0

0

0

1

4,705

0.16

0.28

Oklahoma

142

302

0

0

78

522

565

1.37

2.32

Osage

0

0

0

0

0

0

n/a

0.00

0.00

Ottawa

3

0

0

0

0

3

4,947

0.16

0.27

Pawnee

0

2

0

0

2

4

1,866

0.42

0.70

Payne

7

0

0

0

6

13

2,256

0.34

0.58

Pottawatomie

0

8

0

0

6

14

1,950

0.40

0.67

Pushmataha

0

0

0

0

0

0

n/a

0.00

0.00

Rogers

12

2

0

0

9

23

1,195

0.65

1.10

Sequoyah

1

0

0

0

0

1

16,940

0.05

0.08

Tulsa

92

187

0

0

113

392

622

1.25

2.11

Wagoner

8

0

0

0

5

13

1,783

0.43

0.74

Washington

4

0

0

0

3

7

3,179

0.24

0.41

 

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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