WYOMING FORECLOSURE ACTIVITY DOWN 67 PERCENT IN MARCH

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Down 68 Percent From A Year Ago

 

IRVINE, Calif. – April 23, 2007 – Wyoming reported 10 foreclosure filings in March, a 67 percent decrease from the previous month and a 68 percent decrease from March 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.

 

Wyoming’s job growth remains strong as foreclosure activity within the state seems to be declining,” said James J. Saccacio, chief executive officer of RealtyTrac. “However, foreclosure adjustable rate mortgage delinquencies are still a very real concern among prime and subprime borrowers.”

 

Wyoming ranked 49th in the country in total foreclosures reported for March. The state’s foreclosure rate of one foreclosure filing for every 22,385 households ranked 49th among the 50 states.

 

Laramie County accounts for half of state’s foreclosure activity

Laramie County led the state in foreclosure activity, reporting five foreclosure filings for the month. Campbell and Natrona counties had the second highest total, each reporting two foreclosure filings.

 

Campbell County leads state in foreclosure rate

Campbell County posted the highest foreclosure rate in Wyoming for March, reporting one foreclosure filing for every 6,644 households — 3.4 times the state average. Laramie County had the second highest rate, reporting one filing for every 6,843 households — 3.3 times the state average.

 

State has minimal impact on national total for March

Total foreclosure filings in Wyoming accounted for less than 1 percent of the 149,150 foreclosure filings nationwide in March. The national total was up almost 7 percent from the previous month, and surged 47 percent from March 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 775 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.

 

 

                        Wyoming Foreclosure Market by County – March 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

47,135

51,203

8,906

19,416

22,491

149,150

775

n/a

n/a

Wyoming

0

6

0

0

4

10

22,385

0.03

n/a

 

 

 

 

 

 

 

 

 

 

Albany

0

1

0

0

0

1

15,215

0.05

1.47

Campbell

0

2

0

0

0

2

6,644

0.12

3.37

Laramie

0

3

0

0

2

5

6,843

0.11

3.27

Natrona

0

0

0

0

2

2

14,941

0.05

1.50

 

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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