WYOMING FORECLOSURE ACTIVITY DOWN 19 PERCENT IN OCTOBER

Foreclosure Activity Down 28 Percent From October 2006

 

IRVINE, Calif. – Nov. 26, 2007 – Wyoming reported 50 foreclosure filings in October, a 19 percent decrease from the previous month, and a 28 percent decrease from October 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.

 

Wyoming foreclosures are down both in October and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show that the state’s home price appreciation rate was four times the national average during the past year. This, in addition to a low unemployment rate, is likely contributing to the overall decline.”

 

Wyoming ranked among the 10 lowest states in total foreclosures for the month. The state’s foreclosure rate of one foreclosure filing for every 4,714 households ranked it again among the 10 lowest states.

 

Three counties account for majority of state foreclosure total

Three counties accounted for 90 percent of all foreclosure filings in Wyoming for October. Laramie County posted the highest foreclosure total for the month, with 28 foreclosure filings. Natrona County posted the second highest foreclosure total, with 13 foreclosure filings, followed by Sweetwater County with four foreclosure filings.

 

Laramie County posts highest foreclosure rate

Laramie County reported the highest foreclosure rate in the state for October, with one foreclosure filing for every 1,312 households — 3.6 times the state average. Natrona County posted the second highest foreclosure rate, with one foreclosure filing for every 2,359 households — twice the state average. Sweetwater County posted the third highest foreclosure rate, with one foreclosure filing for every 4,064 households.

 

State contributes less than 1 percent to national total

Total foreclosure filings in Wyoming accounted for less than 1 percent of the 224,451 foreclosure filings nationwide in October. The national total represents a 2 percent increase from the previous month and is still 94 percent above the total reported for October 2006. The nation’s foreclosure rate is one foreclosure filing for every 555 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.

 

 

Wyoming Foreclosure Market by County – October 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

41,404

58,597

22,485

48,356

53,609

224,451

555

n/a

n/a

Wyoming

14

6

0

0

30

50

4,714

0.12

n/a

 

 

 

 

 

 

 

 

 

 

Albany

0

0

0

0

0

0

n/a

0.00

0.00

Big Horn

0

0

0

0

0

0

n/a

0.00

0.00

Campbell

2

0

0

0

0

2

7,043

0.08

0.67

Carbon

0

0

0

0

0

0

n/a

0.00

0.00

Converse

0

0

0

0

0

0

n/a

0.00

0.00

Crook

0

0

0

0

0

0

n/a

0.00

0.00

Fremont

0

0

0

0

0

0

n/a

0.00

0.00

Goshen

0

0

0

0

0

0

n/a

0.00

0.00

Hot Springs

0

0

0

0

0

0

n/a

0.00

0.00

Johnson

0

0

0

0

0

0

n/a

0.00

0.00

Laramie

8

1

0

0

19

28

1,312

0.42

3.59

Lincoln

0

0

0

0

0

0

n/a

0.00

0.00

Natrona

2

0

0

0

11

13

2,359

0.24

2.00

Niobrara

0

0

0

0

0

0

n/a

0.00

0.00

Park

0

2

0

0

0

2

6,342

0.09

0.74

Platte

0

0

0

0

0

0

n/a

0.00

0.00

Sheridan

0

1

0

0

0

1

13,283

0.4

0.35

Sublette

0

0

0

0

0

0

n/a

0.00

0.00

Sweetwater

2

2

0

0

0

4

4,064

0.14

1.16

Teton

0

0

0

0

0

0

n/a

0.00

0.00

Uinta

0

0

0

0

0

0

n/a

0.00

0.00

Washakie

0

0

0

0

0

0

n/a

0.00

0.00

Weston

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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