TEXAS FORECLOSURE ACTIVITY UP 36 PERCENT IN AUGUST

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Up 19 Percent From August 2006; Foreclosure Rate in Nation’s Top 10

 

IRVINE, Calif. – Sept. 21, 2007 – Texas reported 16,970 foreclosure filings in August, a 36 percent increase from the previous month and the fourth highest foreclosure total in the nation. The state total was up 19 percent from August 2006, according to the latest RealtyTrac® U.S. Foreclosure Market Report. With one foreclosure filing for every 532 households, the state’s foreclosure rate was ninth highest in the nation and slightly below the national average.

 

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.

 

“Even though foreclosure filings in Texas have increased significantly over the past two months, compared to a year ago total activity has risen less than 20 percent — compared to a 115 percent year-over-year increase nationally,” said James J. Saccacio, chief executive officer of RealtyTrac. “Two factors coming into play here are an unemployment rate that is below the national average and positive home price appreciation.”

 

California led the nation again in total foreclosure filings, reporting almost 41,000 more foreclosure filings than the Lone Star State. Second-ranked Florida outdistanced Texas by more than 16,000 filings. Third place Ohio beat out Texas for third place by 800 foreclosure filings. The remaining states in the nation’s top 10 for total foreclosure filings in August were Michigan, Georgia, Arizona, Colorado, Illinois and Nevada.

 

Five counties account for most of state activity in August

Five Texas counties accounted for 66 percent of all foreclosure activity in the state for August. Dallas County led the way once again, reporting 3,205 foreclosure filings for the month. Harris County was not far behind, reporting 3,176 foreclosure filings. Third highest total was reported in Tarrant County, with 2,522 foreclosure filings. Bexar County had the fourth highest county total, with 1,318 filings, and Collin County rounded out the state’s top five, with 899 filings entering some stage of the foreclosure pipeline.

 

Bastrop County posts highest foreclosure rate for the month

Bastrop County posted the highest county foreclosure rate in the state for August, one foreclosure filing for every 166 households — 3.2 times the state average and 3.1 times the national average. Kaufman County came in second, with a foreclosure rate of one foreclosure filing for every 183 households — 2.9 times the state average and 2.8 times the national average. Rockwall County reported the third highest rate, one foreclosure filing for every 213 households — 2.5 times the state average and 2.4 times the national average.

 

State a major contributor to national total

Texas accounted for 7 percent of the 243,947 foreclosure filings nationwide in August. The national total represents a 36 percent increase from the previous month and is up 115 percent from August 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 510 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.

 

 

                      Texas Foreclosure Market by County – August 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

56,388

67,632

24,810

52,328

42,789

243,947

510

n/a

n/a

Texas

455

12,694

0

0

3,821

16,970

532

0.96

n/a

 

 

 

 

 

 

 

 

 

 

Anderson

0

1

0

0

0

1

19,044

0.03

0.03

Angelina

3

0

0

0

8

11

3,070

0.17

0.17

Aransas

0

0

0

0

0

0

 

0.00

0.00

Armstrong

0

0

0

0

0

0

 

0.00

0.00

Atascosa

4

0

0

0

1

5

3,117

0.16

0.17

Austin

0

1

0

0

0

1

10,695

0.05

0.05

Bandera

0

0

0

0

0

0

 

0.00

0.00

Bastrop

0

88

0

0

58

146

166

3.07

3.20

Bee

0

0

0

0

0

0

 

0.00

0.00

Bell

0

186

0

0

1

187

567

0.90

0.94

Bexar

6

1,203

0

0

109

1,318

435

1.17

1.22

Blanco

0

0

0

0

2

2

2,113

0.24

0.25

Bosque

0

1

0

0

0

1

8,867

0.06

0.06

Bowie

0

1

0

0

0

1

38,084

0.01

0.01

Brazoria

35

197

0

0

20

252

418

1.22

1.27

Brazos

4

0

0

0

11

15

4,464

0.11

0.12

Brown

0

0

0

0

0

0

 

0.00

0.00

Burnet

1

0

0

0

6

7

2,678

0.19

0.20

Caldwell

0

2

0

0

0

2

6,489

0.08

0.08

Callahan

0

0

0

0

0

0

 

0.00

0.00

Cameron

0

180

0

0

11

191

719

0.71

0.74

Carson

0

0

0

0

0

0

 

0.00

0.00

Cass

0

0

0

0

1

1

14,370

0.04

0.04

Chambers

1

0

0

0

1

2

6,238

0.08

0.09

Cherokee

0

0

0

0

1

1

19,839

0.03

0.03

Collin

0

787

0

0

112

899

279

1.83

1.91

Colorado

0

0

0

0

0

0

 

0.00

0.00

Comal

0

75

0

0

2

77

523

0.98

1.02

Comanche

0

1

0

0

0

1

7,278

0.07

0.07

Cooke

0

0

0

0

4

4

3,907

0.13

0.14

Coryell

0

2

0

0

0

2

11,369

0.04

0.05

Crosby

0

0

0

0

0

0

 

0.00

0.00

Dallas

12

2,803

0

0

390

3,205

285

1.79

1.86

Dawson

0

0

0

0

0

0

 

0.00

0.00

Denton

1

503

0

0

164

668

311

1.64

1.71

Eastland

0

0

0

0

0

0

 

0.00

0.00

El Paso

4

200

0

0

56

260

939

0.54

0.57

Ellis

0

168

0

0

16

184

253

2.02

2.10

Falls

0

0

0

0

0

0

 

0.00

0.00

Fannin

0

2

0

0

0

2

6,705

0.08

0.08

Fayette

0

1

0

0

1

2

5,694

0.09

0.09

Fort Bend

76

324

0

0

133

533

255

2.00

2.08

Freestone

0

1

0

0

0

1

8,552

0.06

0.06

Frio

0

1

0

0

0

1

5,857

0.09

0.09

Galveston

1

270

0

0

30

301

417

1.22

1.28

Gillespie

0

1

0

0

2

3

3,509

0.15

0.15

Gonzales

0

0

0

0

2

2

4,196

0.12

0.13

Grayson

4

4

0

0

30

38

1,329

0.38

0.40

Gregg

0

2

0

0

0

2

23,879

0.02

0.02

Grimes

15

0

0

0

6

21

468

1.09

1.14

Guadalupe

1

27

0

0

3

31

1,240

0.41

0.43

Hale

0

0

0

0

0

0

 

0.00

0.00

Hamilton

0

0

0

0

0

0

 

0.00

0.00

Hardin

0

0

0

0

1

1

20,781

0.02

0.03

Harris

64

1,949

0

0

1,163

3,176

459

1.11

1.16

Harrison

1

0

0

0

3

4

6,757

0.08

0.08

Hays

1

114

0

0

10

125

355

1.44

1.50

Henderson

0

4

0

0

20

24

1,569

0.33

0.34

Hidalgo

0

62

0

0

2

64

3,618

0.14

0.15

Hill

3

0

0

0

15

18

835

0.61

0.64

Hockley

0

0

0

0

0

0

 

0.00

0.00

Hood

1

1

0

0

11

13

1,549

0.33

0.34

Hopkins

0

0

0

0

7

7

2,082

0.25

0.26

Houston

0

0

0

0

0

0

 

0.00

0.00

Hunt

0

2

0

0

15

17

1,993

0.26

0.27

Hutchinson

0

0

0

0

0

0

 

0.00

0.00

Jackson

1

0

0

0

0

1

6,648

0.08

0.08

Jasper

0

0

0

0

0

0

 

0.00

0.00

Jefferson

0

51

0

0

33

84

1,255

0.41

0.42

Jim Wells

0

0

0

0

0

0

 

0.00

0.00

Johnson

4

18

0

0

23

45

1,123

0.45

0.47

Jones

0

1

0

0

0

1

7,429

0.07

0.07

Kaufman

1

61

0

0

101

163

183

2.80

2.91

Kendall

0

10

0

0

1

11

1,078

0.47

0.49

Kerr

0

10

0

0

0

10

2,119

0.24

0.25

Lamar

1

1

0

0

7

9

2,441

0.21

0.22

Lampasas

0

1

0

0

0

1

7,919

0.06

0.07

Lee

0

0

0

0

5

5

1,428

0.36

0.37

Leon

0

0

0

0

0

0

 

0.00

0.00

Liberty

7

5

0

0

17

29

959

0.53

0.55

Limestone

0

0

0

0

0

0

 

0.00

0.00

Live Oak

0

0

0

0

0

0

 

0.00

0.00

Llano

0

1

0

0

1

2

6,578

0.08

0.08

Lubbock

0

2

0

0

1

3

37,251

0.01

0.01

Madison

1

0

0

0

1

2

2,493

0.20

0.21

Marion

0

0

0

0

0

0

 

0.00

0.00

Matagorda

0

0

0

0

0

0

 

0.00

0.00

Maverick

0

2

0

0

0

2

8,088

0.06

0.07

Mclennan

3

73

0

0

40

116

774

0.66

0.69

Medina

0

9

0

0

0

9

1,726

0.30

0.31

Midland

1

0

0

0

16

17

2,897

0.18

0.18

Milam

0

0

0

0

0

0

 

0.00

0.00

Mitchell

0

0

0

0

2

2

2,108

0.24

0.25

Montague

2

0

0

0

0

2

5,084

0.10

0.10

Montgomery

41

298

0

0

124

463

304

1.68

1.75

Morris

0

0

0

0

0

0

 

0.00

0.00

Nacogdoches

0

0

0

0

1

1

26,315

0.02

0.02

Navarro

1

4

0

0

6

11

1,716

0.30

0.31

Newton

0

0

0

0

0

0

 

0.00

0.00

Nolan

0

0

0

0

0

0

 

0.00

0.00

Nueces

2

135

0

0

27

164

792

0.64

0.67

Oldham

0

0

0

0

0

0

 

0.00

0.00

Orange

1

1

0

0

10

12

3,001

0.17

0.18

Palo Pinto

1

0

0

0

2

3

4,794

0.11

0.11

Panola

0

0

0

0

0

0

 

0.00

0.00

Parker

0

2

0

0

23

25

1,482

0.34

0.36

Polk

0

0

0

0

1

1

22,055

0.02

0.02

Potter

8

37

0

0

15

60

786

0.65

0.68

Rains

0

2

0

0

0

2

2,377

0.21

0.22

Randall

7

34

0

0

3

44

1,026

0.50

0.52

Red River

0

0

0

0

1

1

7,071

0.07

0.08

Refugio

0

0

0

0

0

0

 

0.00

0.00

Robertson

0

1

0

0

1

2

4,055

0.13

0.13

Rockwall

1

88

0

0

15

104

213

2.40

2.50

Rusk

0

0

0

0

0

0

 

0.00

0.00

Sabine

0

0

0

0

0

0

 

0.00

0.00

San Jacinto

0

1

0

0

1

2

5,972

0.09

0.09

San Patricio

0

3

0

0

12

15

1,790

0.29

0.30

San Saba

0

0

0

0

0

0

 

0.00

0.00

Shackelford

0

0

0

0

0

0

 

0.00

0.00

Shelby

0

0

0

0

0

0

 

0.00

0.00

Sherman

0

1

0

0

0

1

1,378

0.37

0.39

Smith

1

1

0

0

11

13

5,829

0.09

0.09

Starr

0

0

0

0

1

1

18,141

0.03

0.03

Swisher

0

0

0

0

0

0

 

0.00

0.00

Tarrant

15

1,786

0

0

721

2,522

253

2.01

2.10

Taylor

0

1

0

0

1

2

26,749

0.02

0.02

Terry

0

0

0

0

0

0

 

0.00

0.00

Tom Green

0

0

0

0

7

7

6,452

0.08

0.08

Travis

113

503

0

0

62

678

577

0.88

0.92

Tyler

0

0

0

0

0

0

 

0.00

0.00

Upshur

0

0

0

0

0

0

 

0.00

0.00

Val Verde

0

1

0

0

0

1

17,106

0.03

0.03

Van Zandt

0

0

0

0

2

2

10,868

0.05

0.05

Victoria

1

3

0

0

12

16

2,137

0.24

0.25

Walker

0

1

0

0

0

1

22,295

0.02

0.02

Waller

0

3

0

0

0

3

4,498

0.11

0.12

Webb

0

4

0

0

31

35

1,854

0.28

0.29

Wharton

0

1

0

0

0

1

17,137

0.03

0.03

Wichita

3

0

0

0

27

30

1,832

0.28

0.29

Willacy

0

0

0

0

1

1

7,131

0.07

0.07

Williamson

1

367

0

0

19

387

304

1.68

1.75

Wilson

0

1

0

0

0

1

12,719

0.04

0.04

Wise

0

5

0

0

6

11

1,859

0.27

0.29

Wood

0

1

0

0

2

3

6,161

0.08

0.09

 

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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