Vermont Foreclosure Activity Declines in January

Statewide filings down 12 percent from December

 

Foreclosure activity in Vermont decreased in January to 15 properties with foreclosure filings, a 12 percent decline from December 2009, but still up 150 percent from January 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

“Vermont saw a decrease in foreclosure activity in January, though the level remained well above what was reported for this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “That said, with only 15 filings during the month, the state remained one of the least affected by foreclosures across the nation.”

 

One in every 20,841 Vermont housing units received a foreclosure filing in January, the 49th highest foreclosure rate in the nation.

 

Grand Isle County posts top foreclosure rate in the state for January

Grand Isle County posted the state’s highest county foreclosure rate in January, with one in every 4,958 housing units receiving a foreclosure filing. Bennington County had the second highest foreclosure rate, with one in every 10,379 housing units receiving a foreclosure filing. Lamoille County was third, with one in every 12,160 housing units receiving a foreclosure filing. Washington County came in fourth highest, with one in every 14,645 housing units receiving a foreclosure filing. Orleans County posted the fifth highest foreclosure rate, where one in every 15,792 housing units received a foreclosure filing during the month.

 

Chittenden County led the state in total foreclosure filings for January

Chittenden County led all counties, totaling four properties with foreclosure filings for the month. Bennington and Washington counties were second highest, each documenting two properties with foreclosure filings.

 

State a minor contributor to nation’s foreclosure total in January

Vermont accounted for less than 1 percent of the 315,716 properties with foreclosure filings reported nationwide in January. Total U.S. activity declined nearly 10 percent from the previous month but was still 15 percent ahead of January 2009. One in every 409 U.S. housing units received a foreclosure filing during the month.

 

Report methodology

The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the RealtyTrac database during the month — broken out by type of filing by state, county and metropolitan statistical area. Some foreclosure filings entered into the database during the month may have been recorded in previous months. Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90 percent of the U.S. population. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default Notice of Default (NOD) and Lis Pendens (LIS); Auction 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). If more than one foreclosure document is received for a property during the month, only the most recent filing is counted in the report. The report also checks if the same type of document was filed against a property in a previous month. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state the property is in, the report does not count the property in the current month.

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

 

Vermont Top Foreclosure Rates By County – January 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

40,456

62,850

90,451

34,311

87,648

315,716

409

n/a

n/a

Vermont

0

0

0

0

15

15

20,841

0.02

n/a

 

 

 

 

 

 

 

 

 

 

Grand Isle

0

0

0

0

1

1

4,958

0.08

4.20

Bennington

0

0

0

0

2

2

10,379

0.04

2.01

Lamoille

0

0

0

0

1

1

12,160

0.03

1.71

Washington

0

0

0

0

2

2

14,645

0.03

1.42

Orleans

0

0

0

0

1

1

15,792

0.03

1.32

 

 

Vermont Top Foreclosure Totals by County – January 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Dec 09

% Chg Jan 09

 

 

 

 

 

 

 

 

 

 

United States

40,456

62,850

90,451

34,311

87,648

315,716

409

-9.67

15.06

Vermont

0

0

0

0

15

15

20,841

-11.76

150.00

 

 

 

 

 

 

 

 

 

 

Chittenden

0

0

0

0

4

4

15,812

-33.33

n/a

Bennington

0

0

0

0

2

2

10,379

n/a

n/a

Washington

0

0

0

0

2

2

14,645

0.00

100.00

Franklin

0

0

0

0

1

1

21,023

-66.67

-50.00

Grand Isle

0

0

0

0

1

1

4,958

n/a

n/a

Lamoille

0

0

0

0

1

1

12,160

n/a

0.00

Orleans

0

0

0

0

1

1

15,792

n/a

n/a

Rutland

0

0

0

0

1

1

32,930

0.00

n/a

Windham

0

0

0

0

1

1

28,380

0.00

0.00

Windsor

0

0

0

0

1

1

33,419

-66.67

n/a

 

 

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved