Vermont Foreclosure Activity Unchanged in April

State continues to hold lowest number of foreclosures nationwide

 

Monthly foreclosure activity in Vermont remained the same as the previous month with 12 properties with foreclosure filings. This latest state total also represents a 500 percent year-over-year increase in foreclosure filings from April 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

“Vermont continued to lead the nation in lowest total foreclosures during the month of April,” said James J. Saccacio, chief executive officer of RealtyTrac. “With its low unemployment rate and higher-than-average home sales last year, it is unlikely that this will change any time soon.”

 

With one in every 26,051 housing units receiving a foreclosure filing, Vermont’s foreclosure rate was also lower than any other state during the month of April.

 

Essex County posts top foreclosure rate for April

Essex County posted the highest county foreclosure rate in Vermont for April, with one in every 4,891 housing units receiving a foreclosure filing — 5.3 times the state average. Rutland County came in second, with one in every 8,233 housing units receiving a foreclosure filing — 3.2 times the state average. Windsor County was third, with one in every 16,710 housing units receiving a foreclosure filing — 1.6 times the state average.

 

Rutland County led the state in total foreclosures for April

Rutland County led the way, reporting four properties with foreclosure filings for the month. Chittenden County came in second highest, documenting three properties with foreclosure filings. Reporting two properties with foreclosure filings for the month, Windsor County ranked third highest.

 

State contributes less than 1 percent to nation’s month foreclosure total

Vermont accounted for less than 1 percent of the 333,837 properties with foreclosure filings reported nationwide in April. Total U.S. activity declined more than 9 percent from the previous month and was 2 percent below the level reported in April 2009. One in every 387 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: DefaultNotice 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 – April 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

42,889

60,873

96,770

40,873

92,432

333,837

387

n/a

n/a

Vermont

0

0

1

0

11

12

26,051

0.01

n/a

 

 

 

 

 

 

 

 

 

 

Essex

0

0

0

0

1

1

4,891

0.08

5.33

Rutland

0

0

0

0

4

4

8,233

0.05

3.16

Windsor

0

0

0

0

2

n/a

16,710

0.02

1.56

 

 

 

Vermont Top Foreclosure Totals by County – April 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Jan 10

% Chg Feb 09

 

 

 

 

 

 

 

 

 

 

United States

42,889

60,873

96,770

40,873

92,432

333,837

387

-9.05

-2.40

Vermont

0

0

1

0

11

12

26,051

0.00

500.00

 

 

 

 

 

 

 

 

 

 

Rutland

0

0

0

0

4

4

8,233

0.00

300.00

Chittenden

0

0

0

0

3

3

21,083

n/a

n/a

Windsor

0

0

0

0

2

2

16,710

0.00

n/a

 

 

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