VERMONT FORECLOSURE ACTIVITY DOWN 67 PERCENT IN JANUARY

Yearly Foreclosure Total Down 50 Percent From January 2007

 

IRVINE, Calif. – Feb. 26, 2008 – Vermont reported one foreclosure filing in January, a 67 percent decrease from the previous month, and a 50 percent decrease from January 2007, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

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.

 

Vermont foreclosures are down both in January and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “The state’s home price appreciation rate was more than twice the national average last year. This, in addition to an unemployment rate 1 percent below the national average, is likely contributing to the overall decline.”

 

Vermont ranked lowest in the country in total foreclosures for the month. Its foreclosure rate of one foreclosure filing for every 307,345 households ranked it the lowest state once again.

 

Chittenden County accounts for all foreclosure activity

The one foreclosure filing in Vermont for the month took place in Chittenden County. Chittenden County also reported the highest county foreclosure rate in the state, one foreclosure filing for every 62,118 households — five times the state average.

 

State contributes less than 1 percent to nation’s monthly total

Total foreclosure filings in Vermont accounted for less than 1 percent of the 233,001 foreclosure filings reported nationwide in January. The national total represents an 8 percent increase from the previous month, and is 57 percent above the total reported for January 2007. The nation’s foreclosure rate increased to one foreclosure filing for every 534 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.

 

 

Vermont Foreclosure Market by County – January 2008

 

County

NOD

NTS

NFS

LIS

REO

Total

Households per filing

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

52,321

60,101

19,662

55,590

45,327

233,001

534

n/a

n/a

Vermont

0

1

0

0

0

1

307,345

0.00

n/a

 

 

 

 

 

 

 

 

 

 

Addison

0

0

0

0

0

0

n/a

0.00

0.00

Bennington

0

0

0

0

0

0

n/a

0.00

0.00

Caledonia

0

0

0

0

0

0

n/a

0.00

0.00

Chittenden

0

1

0

0

0

1

62,118

0.01

4.95

Essex

0

0

0

0

0

0

n/a

0.00

0.00

Franklin

0

0

0

0

0

0

n/a

0.00

0.00

Grand Isle

0

0

0

0

0

0

n/a

0.00

0.00

Lamoille

0

0

0

0

0

0

n/a

0.00

0.00

Orange

0

0

0

0

0

0

n/a

0.00

0.00

Orleans

0

0

0

0

0

0

n/a

0.00

0.00

Rutland

0

0

0

0

0

0

n/a

0.00

0.00

Washington

0

0

0

0

0

0

n/a

0.00

0.00

Windham

0

0

0

0

0

0

n/a

0.00

0.00

Windsor

0

0

0

0

0

0

n/a

0.00

0.00

 

 

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

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