TEXAS FORECLOSURES DECLINE 10 PERCENT IN APRIL

Activity Down 17 Percent From a Year Ago; State Total 4th Highest in Nation

 

IRVINE, Calif. – May 18, 2007 – Texas reported 11,424 foreclosure filings in April, a 10 percent decrease from the previous month, taking the state out of the nation’s top three for the first time in more than a year. State activity for the month also represented a 17 percent decrease from the total reported for April 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.

 

“Although foreclosure levels declined in Texas on a monthly and yearly basis, the state’s foreclosure total remains one of the highest in the nation,” said James J. Saccacio, chief executive officer of RealtyTrac.

 

After spending much of 2006 leading the nation in foreclosure activity, the Lone Star state is firmly in fourth place this month, more than 19,000 foreclosure filings behind national leader California and more than 2,800 filings fewer than second place Florida. Third place Ohio narrowly inched out Texas for third place by seven foreclosure filings for the month. The rest of the nation’s top 10 are Illinois, Georgia, Michigan, Colorado, Connecticut and Arizona.

 

Four counties account for more than half of all state foreclosures

Four Texas counties accounted for 63 percent of all foreclosure activity in the state for April. Dallas County led the state, reporting 2,359 foreclosure filings for the month. Tarrant County posted the second highest foreclosure total, reporting 2,087 foreclosure filings. Harris County had the third highest total, reporting 1,547 foreclosure filings. Bexar County rounded out the top four, reporting 1,154 filings in the foreclosure pipeline.

 

Rockwall County leads state in foreclosure rate for the month

Rockwall County posted the highest foreclosure rate in the state for April, reporting one foreclosure filing for every 165 households — 4.3 times the state average and 4.7 times the national average. Williamson County tallied the second highest rate, reporting one foreclosure filing for every 177 households — nearly four times the state average and 4.4 times the national average. Tarrant County came in third, reporting a rate of one foreclosure filing for every 271 households — 2.6 times the state average and 2.9 times the national average.

 

State makes significant contribution to national total

Total foreclosure filings in Texas accounted for nearly 8 percent of the 147,708 filings nationwide in April. The national total was down less than 1 percent from the previous month, but still up 62 percent from April 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 783 households during 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.

 

 

                        Texas Foreclosure Market by County – April 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

47,171

49,794

7,388

21,085

22,270

147,708

783

n/a

n/a

Texas

41

8,008

0

0

3,375

11,424

705

1.11

n/a

 

 

 

 

 

 

 

 

 

 

Anderson

0

1

0

0

0

1

18,436

0.04

0.04

Angelina

0

0

0

0

6

6

5,406

0.14

0.13

Aransas

0

1

0

0

0

1

12,848

0.06

0.05

Armstrong

0

0

0

0

0

0

n/a 

0.00

0.00

Atascosa

0

0

0

0

6

6

2,481

0.32

0.28

Austin

0

0

0

0

0

0

n/a 

0.00

0.00

Bandera

0

0

0

0

0

0

n/a 

0.00

0.00

Bastrop

0

31

0

0

0

31

718

1.09

0.98

Bell

0

79

0

0

1

80

1,160

0.67

0.61

Bexar

2

1,001

0

0

151

1,154

365

2.14

1.93

Blanco

0

0

0

0

0

0

n/a 

0.00

0.00

Bosque

0

0

0

0

0

0

n/a 

0.00

0.00

Bowie

0

0

0

0

0

0

n/a 

0.00

0.00

Brazoria

0

104

0

0

33

137

662

1.18

1.07

Brazos

0

1

0

0

15

16

3,689

0.21

0.19

Brewster

0

0

0

0

0

0

n/a 

0.00

0.00

Brooks

0

0

0

0

0

0

n/a 

0.00

0.00

Brown

0

1

0

0

5

6

2,982

0.26

0.24

Burnet

0

0

0

0

5

5

3,187

0.25

0.22

Caldwell

0

4

0

0

0

4

2,975

0.26

0.24

Callahan

0

0

0

0

0

0

n/a 

0.00

0.00

Cameron

1

49

0

0

0

50

2,393

0.33

0.29

Camp

0

0

0

0

0

0

n/a 

0.00

0.00

Cass

0

0

0

0

0

0

n/a 

0.00

0.00

Chambers

0

0

0

0

0

0

n/a 

0.00

0.00

Cherokee

0

0

0

0

0

0

n/a 

0.00

0.00

Childress

0

0

0

0

0

0

n/a 

0.00

0.00

Clay

0

0

0

0

0

0

n/a 

0.00

0.00

Coleman

0

0

0

0

0

0

n/a 

0.00

0.00

Collin

1

492

0

0

66

559

349

2.25

2.02

Colorado

0

1

0

0

0

1

9,431

0.08

0.07

Comal

0

43

0

0

17

60

545

1.44

1.29

Concho

0

0

0

0

0

0

n/a 

0.00

0.00

Cooke

0

1

0

0

1

2

7,531

0.10

0.09

Coryell

0

2

0

0

1

3

7,259

0.11

0.10

Dallas

12

1,598

0

0

749

2,359

362

2.16

1.95

Deaf Smith

0

0

0

0

0

0

n/a 

0.00

0.00

Denton

1

392

0

0

134

527

319

2.45

2.21

Donley

0

0

0

0

0

0

n/a 

0.00

0.00

Eastland

0

0

0

0

5

5

1,909

0.41

0.37

Ector

0

1

0

0

0

1

49,500

0.02

0.01

Edwards

0

0

0

0

0

0

n/a 

0.00

0.00

El Paso

3

158

0

0

45

206

1,090

0.72

0.65

Ellis

0

96

0

0

7

103

379

2.06

1.86

Erath

0

0

0

0

1

1

14,422

0.05

0.05

Falls

0

0

0

0

0

0

n/a 

0.00

0.00

Fannin

0

1

0

0

0

1

12,887

0.06

0.05

Fisher

0

0

0

0

0

0

n/a 

0.00

0.00

Floyd

0

0

0

0

0

0

n/a 

0.00

0.00

Fort Bend

0

189

0

0

109

298

389

2.01

1.81

Franklin

0

0

0

0

0

0

n/a 

0.00

0.00

Frio

0

1

0

0

0

1

5,660

0.14

0.12

Galveston

0

98

0

0

4

102

1,095

0.71

0.64

Gillespie

0

0

0

0

1

1

9,902

0.08

0.07

Gonzales

0

0

0

0

1

1

8,194

0.10

0.09

Grayson

1

0

0

0

21

22

2,196

0.36

0.32

Gregg

0

2

0

0

0

2

23,175

0.03

0.03

Grimes

0

0

0

0

0

0

n/a 

0.00

0.00

Guadalupe

0

18

0

0

13

31

1,083

0.72

0.65

Hale

1

0

0

0

2

3

4,509

0.17

0.16

Hamilton

0

0

0

0

0

0

n/a 

0.00

0.00

Hardin

0

0

0

0

0

0

n/a 

0.00

0.00

Harris

0

753

0

0

794

1,547

839

0.93

0.84

Harrison

1

1

0

0

3

5

5,254

0.15

0.13

Hays

0

57

0

0

15

72

495

1.58

1.42

Henderson

0

0

0

0

13

13

2,764

0.28

0.25

Hidalgo

0

32

0

0

1

33

5,838

0.13

0.12

Hill

0

0

0

0

6

6

2,437

0.32

0.29

Hockley

0

0

0

0

0

0

n/a 

0.00

0.00

Hood

0

1

0

0

9

10

1,911

0.41

0.37

Hopkins

0

0

0

0

0

0

n/a 

0.00

0.00

Houston

0

1

0

0

0

1

10,730

0.07

0.07

Howard

0

1

0

0

0

1

13,589

0.06

0.05

Hunt

1

1

0

0

17

19

1,710

0.46

0.41

Hutchinson

0

1

0

0

0

1

10,871

0.07

0.06

Jack

0

0

0

0

1

1

3,668

0.21

0.19

Jasper

0

0

0

0

0

0

n/a 

0.00

0.00

Jeff Davis

0

0

0

0

0

0

n/a 

0.00

0.00

Jefferson

3

68

0

0

4

75

1,361

0.58

0.52

Jim Wells

0

1

0

0

0

1

14,819

0.05

0.05

Johnson

2

25

0

0

46

73

634

1.24

1.11

Jones

0

0

0

0

0

0

n/a 

0.00

0.00

Karnes

0

0

0

0

0

0

n/a 

0.00

0.00

Kaufman

1

3

0

0

71

75

348

2.25

2.02

Kendall

0

8

0

0

1

9

1,068

0.73

0.66

Kerr

0

11

0

0

0

11

1,839

0.43

0.38

Kleberg

0

0

0

0

0

0

n/a 

0.00

0.00

Knox

0

0

0

0

0

0

n/a 

0.00

0.00

Lamar

0

1

0

0

0

1

21,113

0.04

0.03

Lampasas

0

2

0

0

0

2

3,801

0.21

0.19

Lee

0

0

0

0

0

0

n/a 

0.00

0.00

Liberty

0

0

0

0

8

8

3,295

0.24

0.21

Live Oak

0

0

0

0

0

0

n/a 

0.00

0.00

Llano

0

0

0

0

3

3

3,943

0.20

0.18

Lubbock

0

3

0

0

0

3

33,532

0.02

0.02

Madison

0

0

0

0

0

0

n/a 

0.00

0.00

Marion

0

0

0

0

0

0

n/a 

0.00

0.00

Matagorda

0

0

0

0

1

1

18,611

0.04

0.04

Maverick

0

0

0

0

1

1

14,889

0.05

0.05

McLennan

4

4

0

0

18

26

3,261

0.24

0.22

Medina

0

5

0

0

10

15

988

0.79

0.71

Midland

1

23

0

0

7

31

1,486

0.53

0.47

Mills

0

0

0

0

0

0

n/a 

0.00

0.00

Montgomery

0

15

0

0

74

89

1,267

0.62

0.56

Moore

0

0

0

0

0

0

n/a 

0.00

0.00

Morris

0

0

0

0

0

0

n/a 

0.00

0.00

Nacogdoches

0

0

0

0

0

0

n/a 

0.00

0.00

Navarro

0

0

0

0

17

17

1,085

0.72

0.65

Newton

0

0

0

0

0

0

n/a 

0.00

0.00

Nueces

0

79

0

0

12

91

1,352

0.58

0.52

Orange

0

2

0

0

11

13

2,675

0.29

0.26

Palo Pinto

0

0

0

0

2

2

7,051

0.11

0.10

Panola

0

1

0

0

0

1

10,524

0.07

0.07

Parker

0

3

0

0

15

18

1,894

0.41

0.37

Polk

0

0

0

0

0

0

n/a 

0.00

0.00

Potter

0

30

0

0

8

38

1,174

0.67

0.60

Rains

0

0

0

0

0

0

n/a 

0.00

0.00

Randall

0

22

0

0

6

28

1,545

0.51

0.46

Real

0

0

0

0

0

0

n/a 

0.00

0.00

Red River

0

0

0

0

0

0

n/a 

0.00

0.00

Robertson

0

1

0

0

0

1

7,874

0.10

0.09

Rockwall

0

70

0

0

23

93

165

4.74

4.27

Rusk

0

0

0

0

0

0

n/a 

0.00

0.00

San Augustine

0

0

0

0

0

0

n/a 

0.00

0.00

San Jacinto

0

0

0

0

0

0

n/a 

0.00

0.00

San Patricio

0

1

0

0

9

10

2,486

0.31

0.28

Smith

0

2

0

0

5

7

10,243

0.08

0.07

Somervell

1

0

0

0

0

1

2,750

0.28

0.26

Starr

0

1

0

0

0

1

17,589

0.04

0.04

Stonewall

0

0

0

0

0

0

n/a 

0.00

0.00

Swisher

0

0

0

0

0

0

n/a 

0.00

0.00

Tarrant

2

1,661

0

0

424

2,087

271

2.89

2.60

Taylor

0

0

0

0

0

0

n/a 

0.00

0.00

Terry

0

0

0

0

0

0

n/a 

0.00

0.00

Tom Green

0

1

0

0

20

21

2,091

0.37

0.34

Travis

1

468

0

0

32

501

670

1.17

1.05

Trinity

0

0

0

0

0

0

n/a 

0.00

0.00

Tyler

0

0

0

0

0

0

n/a 

0.00

0.00

Upshur

0

1

0

0

0

1

14,930

0.05

0.05

Uvalde

0

1

0

0

0

1

10,166

0.08

0.07

Val Verde

0

2

0

0

1

3

5,429

0.14

0.13

Van Zandt

0

0

0

0

1

1

20,896

0.04

0.03

Victoria

0

0

0

0

24

24

1,373

0.57

0.51

Walker

0

0

0

0

1

1

21,099

0.04

0.03

Waller

0

0

0

0

0

0

n/a 

0.00

0.00

Webb

1

5

0

0

2

8

6,901

0.11

0.10

Wheeler

0

0

0

0

0

0

n/a 

0.00

0.00

Wichita

0

1

0

0

14

15

3,554

0.22

0.20

Willacy

0

1

0

0

0

1

6,727

0.12

0.10

Williamson

1

269

0

0

239

509

177

4.41

3.97

Wilson

0

0

0

0

1

1

12,110

0.06

0.06

Wise

0

4

0

0

3

7

2,749

0.28

0.26

Wood

0

0

0

0

3

3

5,980

0.13

0.12

 

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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