WYOMING FORECLOSURES DECREASE 31 PERCENT IN JUNE

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Down 37 Percent From June 2006

 

IRVINE, Calif. – July 31, 2007 – Wyoming reported 29 foreclosure filings in June, a 31 percent decrease from the previous month, and a 37 percent decrease from the number reported in June 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 June and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “While many states experienced a decline in home sales, Wyoming’s increased by nearly 20 percent last year. In addition, its home price appreciation rate was more than twice the national average, and its unemployment rate is one of the lowest in the country. These factors are undoubtedly contributing to the overall decrease.”

 

Wyoming ranked 49th in the country in total foreclosures reported for June. The state’s foreclosure rate of one foreclosure filing for every 7,719 households ranked it among the five lowest states.

 

Top three counties account for largest share of state total

Three counties accounted for 83 percent of all foreclosure filings in Wyoming for June. Laramie County held the highest total for the month with 18 foreclosure filings. Lincoln and Natrona Counties came in second — each reporting three foreclosure filings.

 

Laramie County posts highest foreclosure rate

Laramie County posted the highest foreclosure rate in Wyoming for June, reporting one foreclosure filing for every 1,901 households — 4.1 times the state average. Lincoln County reported the second highest foreclosure rate, with one foreclosure filing for every 2,277 households — 3.4 times the state average.  Platte County posted the third highest foreclosure rate, with one foreclosure filing for every 4,528 households — 1.7 times the state average. 

 

State contributes less than 1 percent to national total

Total foreclosure filings in Wyoming accounted for less than 1 percent of the 164,644 foreclosure filings nationwide in June. The national total was down 7 percent from the previous month but still up 87 percent from June 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 704 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 – June 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

36,048

51,492

12,488

38,247

26,369

164,644

704

n/a

n/a

Wyoming

4

5

0

0

20

29

7,719

0.09

n/a

 

 

 

 

 

 

 

 

 

 

Campbell

1

0

0

0

0

1

13,288

0.05

0.58

Fremont

1

0

0

0

0

1

15,541

0.05

0.50

Laramie

0

0

0

0

18

18

1,901

0.37

4.06

Lincoln

1

2

0

0

0

3

2,277

0.31

3.39

Natrona

0

1

0

0

2

3

9,961

0.07

0.77

Park

1

0

0

0

0

1

11,869

0.06

0.65

Platte

0

1

0

0

0

1

4,528

0.16

1.70

Sweetwater

0

1

0

0

0

1

15,921

0.04

0.48

 

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).

###

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

 

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