SECOND QUARTER 2005 FORECLOSURES INCREASE BY 7 PERCENT

SECOND QUARTER 2005 FORECLOSURES INCREASE BY 7 PERCENT ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT
Nearly 390,000 Properties Entered Foreclosure During First Six Months of 2005. Florida, Utah and Colorado Post Highest Foreclosure Rates For Six Month Period.

Irvine, Calif. – Sept. 13, 2005 – RealtyTrac™ (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released data from the first six months of its 2005 U.S. Foreclosure Market Report, which showed 389,480 properties nationwide entered some stage of foreclosure during the first half of 2005; the number of new foreclosures increased by 7 percent from the first quarter to the second quarter of the year.

RealtyTrac publishes the largest national database of pre-foreclosure and foreclosure properties, with more than 550,000 properties in nearly 2,000 counties across the country, and is the foreclosure data provider to MSN House & Home, Yahoo! Real Estate, AOL Real Estate and HomeGain.com.

“Nationally, one household in every 298 was in some stage of foreclosure between January 1 and June 30, 2005,” said James J. Saccacio, RealtyTrac chief executive officer. “While there were regional variances and some significant fluctuations from month to month, the overall numbers show a 5.5 percent increase in the number of foreclosure properties over the first six months of the year.”

Florida documented the most new foreclosures and the highest foreclosure rate of any state despite an 11 percent decrease in new foreclosures in the second quarter. From January to June the state reported a total of 65,463 new foreclosures — 16.8 percent of the nationwide total. Florida’s foreclosure rate was 2.7 times the national average, with one new foreclosure for every 112 households.

Although new foreclosures in Utah decreased 21 percent from the first quarter to the second quarter, the state registered the second highest foreclosure rate of any state during the first half of 2005, with one new foreclosure for every 123 households — 2.4 times the national average.

With 14,641 properties entering some stage of foreclosure between January and June, Colorado recorded one new foreclosure for every 125 households – the nation’s third highest foreclosure rate. The state’s foreclosures increased 16 percent in the second quarter.

Texas accounted for 11.6 percent of the nation’s new foreclosures, with 45,303 properties entering some stage of foreclosure during the first six months of 2005. The state’s foreclosure rate was sixth highest among the states, with one property entering foreclosure for every 178 households — 1.7 times the national average.

After Florida and Texas, the states reporting the most new foreclosures from January to June were California, Illinois and Ohio. California accounted for 7.6 percent of the nation’s total foreclosures with 29,391 new foreclosures, although the state’s foreclosure rate registered well below the national average, with one foreclosure for every 416 households. Illinois accounted for 6.2 percent of the nation’s total with 23,988 new foreclosures, and the state’s foreclosure rate was eighth highest among the states, with one foreclosure for every 204 households. Ohio accounted for 4.7 percent of the nation’s total with 18,448 new foreclosures and reported one new foreclosure for every 259 households — 1.2 times the national average.

The RealtyTrac Monthly U.S. Foreclosure Market Report provides a graphical map that illustrates foreclosure percentiles by state (appended to this press release or available by request), as well as the total number of homes in some stage of foreclosure nationwide and by state over the preceding month. Data is also available at the individual county level. RealtyTrac’s report includes properties in all three phases of foreclosure: Pre-foreclosures — Notice of Default (NOD) and Lis Pendens (LIS); Foreclosures — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been repurchased by a bank).

Below are foreclosure market statistics nationwide and by state:

State Name JAN FEB MAR APR MAY JUNE Q1 Q2
US 1/05 – 6/05 71509 69940 46673 53606 72341 75411 188122 201358
Alabama 304 495 0 406 360 1079 799 1845
Alaska 103 83 82 85 189 146 268 420
Arizona 2110 1823 1963 2883 2598 2096 5896 7577
Arkansas 855 951 0 563 1496 939 1806 2998
California 5779 5063 5045 4620 4199 4685 15887 13504
Colorado 2758 3089 932 2595 2968 2299 6779 7862
Connecticut 637 819 0 840 946 815 1456 2601
Delaware 39 29 51 53 32 28 119 113
District of Columbia 7 3 0 0 26 32 10 58
Florida 10367 12562 11722 10557 10477 9778 34651 30812
Georgia 3899 4489 0 0 2928 4913 8388 7841
Hawaii 65 74 61 73 70 68 200 211
Idaho 375 331 230 183 277 224 936 684
Illinois 4528 2576 4990 3236 4893 3765 12094 11894
Indiana 2285 2095 2874 2681 2387 2141 7254 7209
Iowa 173 125 168 200 123 128 466 451
Kansas 140 92 208 213 155 152 440 520
Kentucky 469 390 490 495 626 637 1349 1758
Louisiana 298 379 478 714 295 355 1155 1364
Maine 14 22 14 14 12 3 50 29
Maryland 388 279 0 0 236 645 667 881
Massachusetts 303 313 0 381 405 379 616 1165
Michigan 2147 2264 0 1063 3126 3033 4411 7222
Minnesota 139 167 180 222 190 159 486 571
Mississippi 112 164 63 204 304 342 339 850
Missouri 993 1046 0 474 1223 728 2039 2425
Montana 52 67 60 64 77 38 179 179
Nebraska 80 117 170 136 87 80 367 303
Nevada 653 686 611 606 633 559 1950 1798
New Hampshire 15 18 0 5 11 13 33 29
New Jersey 2361 2239 1882 2902 3067 3196 6482 9165
New Mexico 412 408 434 173 1518 370 1254 2061
New York 1867 1681 1751 3517 3506 2914 5299 9937
North Carolina 1276 1393 1501 1478 1257 1459 4170 4194
North Dakota 25 28 15 15 19 19 68 53
Ohio 2702 2851 2994 3080 2831 3990 8547 9901
Oklahoma 1109 1054 968 1379 974 1190 3131 3543
Oregon 726 644 729 631 671 469 2099 1771
Pennsylvania 1055 1490 2538 3243 2402 2182 5083 7827
Rhode Island 4 5 0 2 10 6 9 18
South Carolina 916 701 612 775 644 660 2229 2079
South Dakota 10 12 33 35 10 4 55 49
Tennessee 2626 2113 0 0 3225 2369 4739 5594
Texas 12614 11513 0 0 7557 13619 24127 21176
Utah 1264 1025 1195 1012 823 914 3484 2749
Vermont 6 6 3 7 6 3 15 16
Virginia 154 226 0 0 110 278 380 388
Washington 1722 1401 1091 1347 1951 1077 4214 4375
West Virginia 77 65 23 77 63 62 165 202
Wisconsin 479 443 512 362 318 356 1434 1036
Wyoming 17 31 0 5 30 15 48 50

About RealtyTrac Inc.
Ranked as the fourth-largest real estate site by Nielsen Net Ratings, 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 and For Sale By Owner properties, with more than 550,000 properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts close to two million unique visitors monthly and is the exclusive foreclosure data supplier to MSN House & Home, Yahoo! Real Estate and HomeGain as well as the foreclosure data provider to AOL Real Estate. For more information, visit www.realtytrac.com.

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Media Contact:
Jennifer Olson
Atomic Public Relations
415-402-0230
jennifer@atomicpr.com

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