WYOMING FORECLOSURE ACTIVITY DECREASES 11 PERCENT IN FIRST QUARTER

State Foreclosure Activity Up 32 Percent From Q1 2008

Monthly Foreclosure Activity Down 1 percent in March, Down 2 Percent From Year Ago

 

IRVINE, Calif. – April 27, 2009 – Foreclosure filings were reported on 217 Wyoming properties in the first quarter of 2009, an 11 percent decrease from the previous quarter, but still 32 percent above the level reported for Q1 2008, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

Wyoming reported 80 properties with foreclosure filings in March, a 1 percent decrease from the previous month and 2 percent below its March 2008 total.

 

“The first quarter of 2009 brought a welcome relief to distressed homeowners in Wyoming as foreclosure activity decreased within the state,” said James J. Saccacio, chief executive officer of RealtyTrac. “However, Wyoming’s foreclosure activity remained elevated compared to the same time last year, even with the state’s relatively low unemployment rate.”

 

Wyoming ranked 46th in the country in total properties with foreclosure filings for the quarter. One in every 1,117 Wyoming housing units received a foreclosure filing during the month, the 43rd highest state foreclosure rate in the nation.

 

Laramie County the single largest contributor to state total for the quarter

Laramie County led the state reporting 106 properties with foreclosure filings. Natrona County was second, reporting 69 properties with foreclosure filings for the quarter. Campbell County was in third, reporting 21 properties with foreclosure filings.

 

Laramie County posts state’s top foreclosure rate in the state for first quarter

Laramie County led the state, with one in every 358 housing units receiving a foreclosure filing — 3.1 times the state average. Natrona County came in second, with one in every 455 housing units receiving a foreclosure filing — 2.5 times the state average. Converse County posted the third highest foreclosure rate, where one in every 538 housing units received a foreclosure filing during the month — 2.1 times the state average.

 

State a minor contributor to nation’s foreclosure total for Q1 2009

Wyoming accounted for less than 1 percent of the 803,489 properties with foreclosure filings reported nationwide for the first quarter of 2009. The national total represented a 9 percent increase in activity from the previous quarter and was almost 24 percent ahead of the total reported for Q1 2008. One in every 159 U.S. housing units received a foreclosure filing during the quarter.

 

Report methodology

The RealtyTrac Monthly U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the quarter  — broken out by type of filing at the county, state and national level. 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 filed against a property during the quarter — which is extremely rare — only the most recent filing is counted in the report.

 

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

 

                       Wyoming Foreclosure Market Data by County – Q1 2009

Properties with Foreclosure Filings

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

%Change from Q4 08

%Change from Q1 08

 

 

 

 

 

 

 

 

 

 

United States

156,933

149,852

225,752

80,409

190,543

803,489

159

9.16

23.63

Wyoming

0

0

126

0

91

217

1,117

-11.07

32.32

 

 

 

 

 

 

 

 

 

 

Albany

0

0

1

0

0

1

17,174

0.00%

Big Horn

0

0

0

0

0

0

Campbell

0

0

21

0

0

21

692

-41.67%

950.00%

Carbon

0

0

0

0

0

0

Converse

0

0

11

0

0

11

538

175.00%

Crook

0

0

0

0

0

0

Fremont

0

0

0

0

0

0

Goshen

0

0

0

0

0

0

-100.00%

Hot Springs

0

0

0

0

0

0

Johnson

0

0

0

0

0

0

Laramie

0

0

49

0

57

106

358

-14.52%

17.78%

Lincoln

0

0

0

0

0

0

Natrona

0

0

37

0

32

69

455

4.55%

23.21%

Niobrara

0

0

0

0

0

0

Park

0

0

3

0

1

4

3,268

-33.33%

0.00%

Platte

0

0

0

0

0

0

Sheridan

0

0

0

0

1

1

13,771

Sublette

0

0

0

0

0

0

Sweetwater

0

0

4

0

0

4

4,182

-50.00%

-60.00%

Teton

0

0

0

0

0

0

Uinta

0

0

0

0

0

0

Washakie

0

0

0

0

0

0

Weston

0

0

0

0

0

0

 

About RealtyTrac Inc.

RealtyTrac (www.realtytrac.com) is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting more than 3 million unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate.

Cited by thousands of media outlets each quarter — including all the major news networks, leading publications such as The Wall Street Journal, The New York Times, and USA TODAY, RealtyTrac’s foreclosure data also has been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

 

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