Wyoming Foreclosure Activity Falls in First Quarter

Statewide foreclosure filings down from last year

March numbers up a month earlier; down from a year ago

 

Foreclosure activity in Wyoming fell 15 percent during the first quarter of 2010 and was down 33 percent from the same period last year. In all, the state reported 146 properties with foreclosure filings during the quarter.

 

In March the state reported 61 properties with foreclosure filings, a 15 percent increase from the previous month, but still 24 percent below the level reported in March 2009. One in every 4,039 Wyoming housing units received a foreclosure filing during the month, the 46th highest state foreclosure rate.

 

“Even with a March uptick, Wyoming reported a dip in foreclosure activity over the first quarter of 2010, with filings down from last quarter and from what was reported for this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “With an unemployment rate of 7.3 — well below the national average — the state remains in much better shape than most of the nation economically and in terms of foreclosure activity.”

 

One in every 1,688 Wyoming housing units received a foreclosure filing during the quarter – the 47th highest state foreclosure rate in the nation.

 

Laramie County tops state in foreclosure rate and total for the first quarter

Laramie County had the highest county foreclosure rate in the state during the first quarter, with one in every 585 housing units receiving a foreclosure filing — 2.9 times the state average. Natrona County had the second highest foreclosure rate — 2.4 times the state average. Niobrara County came in third, with one in every 1,349 housing units receiving a foreclosure filing. Sweetwater County had the fourth highest rate, with one in every 1,429 housing units receiving a foreclosure filing. 

 

 

Laramie County led the state in total foreclosures for the first quarter

Laramie County also led Wyoming in total foreclosures, reporting 65 properties with foreclosure filings for the quarter. Natrona County had the second highest foreclosure total, reporting 45 properties with foreclosure filings. Reporting 12 properties with foreclosure filings for the quarter, Sweetwater County came in third. Campbell County was fourth, reporting 12 properties with foreclosure filings. Fifth highest total was Uinta County, where four properties with foreclosure filings were reported for the quarter.

 

State a minor contributor to quarterly foreclosure total

Wyoming represented less than 1 percent of the 932,234 properties with foreclosure filings reported nationwide for the first quarter of 2010. Total U.S. activity grew by more than 7 percent from the previous quarter and was 16 percent ahead of the first quarter 2009. One in every 138 U.S. housing units received a foreclosure filing during the quarter.

 

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: 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 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.

 

Wyoming Top Foreclosure Rates By County – Q1 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

121,367

183,432

267,159

102,332

257,944

932,234

138

n/a

n/a

Wyoming

0

0

7

0

139

146

1,688

0.08

n/a

 

 

 

 

 

 

 

 

 

 

Laramie

0

0

1

0

64

65

585

0.24

2.88

Natrona

0

0

2

0

43

45

706

0.20

2.39

Niobrara

0

0

0

0

1

1

1,349

0.10

1.25

Sweetwater

0

0

0

0

12

12

1,429

0.10

1.18

Uinta

0

0

3

0

1

4

2,201

0.06

0.77

 

 

Wyoming Top Foreclosure Totals by County – Q1 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Q4 2009

% Chg Q1 2009

 

 

 

 

 

 

 

 

 

 

United States

121,367

183,432

267,159

102,332

257,944

932,234

138

7.23

16.02

Wyoming

0

0

7

0

139

146

1,688

-15.12

-32.72

 

 

 

 

 

 

 

 

 

 

Laramie

0

0

1

0

64

65

585

-8.45

-38.68

Natrona

0

0

2

0

43

45

706

-29.69

-34.78

Sweetwater

0

0

0

0

12

12

1,429

500.00

200.00

Campbell

0

0

0

0

5

5

3,147

-54.55

-76.19

Uinta

0

0

3

0

1

4

2,201

300.00

n/a

 

 

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