VERMONT FORECLOSURES REMAIN UNCHANGED IN APRIL

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Down 67 Percent From a Year Ago

 

IRVINE, Calif. – May 18, 2007 – Vermont reported one foreclosure filing in April, no change from the previous month, but a 67 percent decrease from 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.

 

Vermont has held the lowest number of foreclosures nationwide since July of last year,” said James J. Saccacio, chief executive officer of Realty Trac. “With its low unemployment rate and higher-than-average home price appreciation, it is likely that foreclosures here will remain scarce.”

 

Vermont ranked the lowest state in the country in total foreclosures for April. The state’s foreclosure rate of one foreclosure filing for every 294,382 households ranks it the lowest state in that category as well.

 

Chittenden County accounts for all state foreclosure activity

Chittenden County accounted for all foreclosure filings in Vermont for April with one foreclosure. Its foreclosure rate of one filing for every 58,864 households was five times the state average.

 

State contributes less than 1 percent to national total

Total foreclosure filings in Vermont accounted for less than 1 percent of the 147,708 foreclosure 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 U.S. households during 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 –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

Vermont

0

1

0

0

0

1

294,382

0.00

n/a

 

 

 

 

 

 

 

 

 

 

Addison

0

0

0

0

0

0

n/a

0.00

0.00

Chittenden

0

1

0

0

0

1

58,864

0.01

5.00

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

 

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).

 

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Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

 

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