Wyoming Foreclosure Activity Increases in August

Filings increase 9 percent from July

 

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 94 Wyoming properties in August, a 9 percent increase from the previous month and a 92 percent increase from August 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.  

 

Wyoming foreclosures were up in August,” said James J. Saccacio, chief executive officer of RealtyTrac. “The largest increase was in bank-owned properties, which climbed 102 percent for the month. Even so, the state holds the third lowest number of foreclosures in the country. With its low unemployment rate, it is likely that foreclosures here will remain scarce.”

 

Wyoming ranked 48th in the nation in total foreclosures reported for the month. Its foreclosure rate of one in every 2,621 housing units receiving a foreclosure filing during the month, ranked it 47th among the 50 states.

 

Natrona County dominates the state in foreclosure rate for August

Foreclosure rates for August were led by Natrona County, where one in every 836 housing units received a foreclosure filing during the month. One in every 1,227 housing units received a foreclosure filing in Laramie County, for the second highest rate in the state. Coming in third was Sweetwater County, where one in every 2,450 housing units received a foreclosure filing in August. Fourth highest was Carbon County, where one in every 2,873 housing units received a foreclosure filing. Weston County came in fifth, with one in every 3,327 housing units receiving a foreclosure filing during the month.

 

Natrona County posts top foreclosure total for August

Natrona County led Wyoming in total foreclosure activity for August, reporting 38 properties with foreclosure filings. Laramie County documented the second highest foreclosure activity, where 31 properties with foreclosure filings were reported. Sweetwater County came in third, tallying seven properties with foreclosure filings. Fourth highest was Carbon County, where three properties with foreclosure filings were reported. Campbell County came in fifth, reporting two properties with foreclosure filings for the month.

 

State contributes less than 1 percent to nation’s monthly foreclosure total

Wyoming accounted for less than 1 percent of the 338,836 properties with foreclosure filings reported nationwide in August. Total U.S. activity increased by more than 4 percent from the previous month, but was down more than 5 percent from the level reported in August 2009. One in every 381 U.S. housing units received a foreclosure filing during the month.

 

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 – August 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

44,887

51,582

95,887

51,116

95,364

338,836

381

n/a

n/a

Wyoming

0

0

1

0

93

94

2,621

0.15

n/a

 

 

 

 

 

 

 

 

 

 

Natrona

0

0

0

0

38

38

836

0.46

3.14

Laramie

0

0

0

0

31

31

1,227

0.31

2.14

Sweetwater

0

0

1

0

6

7

2,450

0.16

1.07

Carbon

0

0

0

0

3

3

2,873

0.13

0.91

Weston

0

0

0

0

1

1

3,327

0.11

0.79

 

 

Wyoming Top Foreclosure Totals by County – August 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg June 10

% Chg July 09

 

 

 

 

 

 

 

 

 

 

United States

44,887

51,582

95,887

51,116

95,364

338,836

381

4.18

-5.48

Wyoming

0

0

1

0

93

94

2,621

9.30

91.84

 

 

 

 

 

 

 

 

 

 

Natrona

0

0

0

0

38

38

836

15.15

46.15

Laramie

0

0

0

0

31

31

1,227

342.86

181.82

Sweetwater

0

0

1

0

6

7

2,450

-41.67

n/a

Carbon

0

0

0

0

3

3

2,873

50.00

n/a

Campbell

0

0

0

0

2

2

7,867

-50.00

-60.00

 

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