Wyoming Foreclosure Activity Up in February

Statewide filings increase 61 percent from January; Up 35 percent from February 2009

 

Foreclosure activity in Wyoming inclined for the month in February to 53 properties with foreclosure filings, up 61 percent from the previous month, and 35 percent above the level reported in February 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

“Wyoming foreclosures were up in February,” said James J. Saccacio, chief executive officer of RealtyTrac. “The largest increase was in bank-owned properties, which climbed 58 percent for the month. Even so, the state still holds the second lowest number in the country right now. Low unemployment and home price appreciation that is still positive is helping to keep it this way.”

 

Wyoming ranked 49th in the country in total foreclosures reported for the month. With one in every 4,649 housing units receiving a foreclosure filing, its foreclosure rate ranked 47th among the 50 states.

 

Laramie County posts top foreclosure rate in the state for February

Laramie County posted the state’s highest county foreclosure rate in February, with one in every 1,153 housing units receiving a foreclosure filing — four times the state average. Natrona County was second, with one in every 3,177 housing units receiving a foreclosure filing — 1.5 times the state average. Platte County came in third highest, with one in every 4,707 housing units receiving a foreclosure filing.

 

Laramie County also reports highest number in total foreclosures in February

Laramie County also led the way in total foreclosures for the state, reporting 33 properties with foreclosure filings for the month. Natrona County was second, documenting 10 properties with foreclosure filings. Campbell and Sweetwater counties both ranked third highest, with each reporting three properties with foreclosure filings for the month.

 

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

Wyoming accounted for less than 1 percent of the 308,524 properties with foreclosure filings reported nationwide in February. Total U.S. activity declined more than 2 percent from the previous month but was still 6 percent ahead of February 2009. One in every 418 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: DefaultNotice 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 – February 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every

X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

46,207

60,001

84,641

38,992

78,683

308,524

418

n/a

n/a

Wyoming

0

0

1

0

52

53

4,649

0.09

n/a

 

 

 

 

 

 

 

 

 

 

Laramie

0

0

0

0

33

33

1,153

0.36

4.03

Natrona

0

0

1

0

9

10

3,177

0.13

1.46

Platte

0

0

0

0

1

1

4,707

0.09

0.99

Campbell

0

0

0

0

3

3

5,244

0.08

0.89

Sweetwater

0

0

0

0

3

3

5,718

0.07

0.81

 

 

 

Wyoming Top Foreclosure Totals by County – February 2010

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every

X HU (rate)

% Chg

Jan 10

% Chg

Feb 09

 

 

 

 

 

 

 

 

 

 

United States

46,207

60,001

84,641

38,992

78,683

308,524

418

-2.28

6.22

Wyoming

0

0

1

0

52

53

4,649

60.61

-34.57

 

 

 

 

 

 

 

 

 

 

Laramie

0

0

0

0

33

33

1,153

1,000.00

-2.94

Natrona

0

0

1

0

9

10

3,177

-56.52

-69.70

Campbell

0

0

0

0

3

3

5,244

200.00

-66.67

Sweetwater

0

0

0

0

3

3

5,718

-0.07

0.81

 

 

 

 

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