VERMONT FORECLOSURE ACTIVITY INCREASES 13 PERCENT IN JULY

ACCORDING TO REALTYTRAC® U.S. FORECLOSURE MARKET REPORT

 

Activity Up 350 Percent From July 2006

 

IRVINE, Calif. – Aug. 24, 2007 – Vermont reported nine foreclosure filings in July, a 13 percent increase from the previous month, and 350 percent above the number reported in July 2006, 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.

 

“Though foreclosure activity within the state seems to have peaked, it is important to note that Vermont’s foreclosure rate remains the lowest in the country,” said James J. Saccacio, chief executive officer of RealtyTrac. “The state’s relatively stable job market contributes to this low rate.”

 

Vermont ranked 50th in the country in total foreclosures reported for July. The state’s foreclosure rate of one foreclosure filing for every 34,149 households ranked 50th among the 50 states.

 

Two counties for bulk of state activity

Chittenden and Rutland counties tied for the highest number of foreclosure filings, each reporting four for the month. Washington County was second, reporting one foreclosure filing for the month.

 

Rutland County posts highest foreclosure rate

Rutland County reported the highest county foreclosure rate in the state for July, with a rate of one foreclosure filing for every 8,199 households — 4.2 times the state average. Chittenden County posted the second highest foreclosure rate, with one foreclosure filing for every 15,530 households — 2.2 times the state average. Washington County posted the third highest foreclosure rate, with one foreclosure filing for every 28,787 households — 1.2 times the state average.

 

State a minor contributor to nation’s monthly total

Total foreclosure filings in Vermont accounted for less than 1 percent of the 179,599 foreclosure filings nationwide in July. The national total was up 9 percent from the previous month and up 93 percent from July 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 693 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 – July 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

36,741

57,327

23,136

35,553

26,842

179,599

693

n/a

n/a

Vermont

6

3

0

0

0

9

34,149

0.02

n/a

 

 

 

 

 

 

 

 

 

 

Addison

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

1

3

0

0

0

4

15,530

0.04

2.20

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

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

4

0

0

0

0

4

8,199

0.08

4.17

Washington

1

0

0

0

0

1

28,787

0.02

1.19

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