WYOMING FORECLOSURES INCREASE 100 PERCENT IN APRIL

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Up 11 Percent From a Year Ago

 

IRVINE, Calif. – May 18, 2007 – Wyoming reported 20 foreclosure filings in April, a 100 percent increase from the previous month, and an 11 percent increase from April 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.

 

“Although Wyoming foreclosures have doubled in April, the state still holds one of the lowest foreclosure rates nationwide,” said James J. Saccacio, chief executive officer of RealtyTrac. “Home sales and home price appreciation are well above the national average in Wyoming, indicating that its housing market is still relatively strong. If these trends continue, it is likely that foreclosures here will remain low.”

 

Wyoming ranked among the five lowest states in the nation in total foreclosures for April. The state’s foreclosure rate of one foreclosure filing for every 11,193 households is way below the national average and ranks the state among the five lowest in the country.

 

Top three counties account for most of state total

Three counties accounted for 95 percent of all foreclosure filings in Wyoming for April. Laramie County held the highest total for the month with 13 foreclosure filings. Natrona County came in second with four foreclosure filings, followed by Sweetwater County with two filings in the foreclosure pipeline.

 

Laramie County posts highest foreclosure rate

Laramie County posted the highest foreclosure rate in Wyoming for April as well, reporting one foreclosure filing for every 2,632 households — 4.3 times the state average. Natrona County reported the second highest rate with one foreclosure filing for every 7,471 households — 1.5 times the state average, followed by Sweetwater County with one filing for every 7,961 households — 1.4 times the state average.

 

State make minor contribution to national total

Total foreclosure filings in Wyoming accounted for less than 1 percent of the 147,708 foreclosure filings nationwide in April. The national total was down less than 1 percent from the previous month, but still up 62 percent from April 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 783 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 – April 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

47,171

49,794

7,388

21,085

22,270

147,708

783

n/a

n/a

Wyoming

0

8

0

0

12

20

11,193

0.07

n/a

 

 

 

 

 

 

 

 

 

 

Albany

0

0

0

0

0

0

n/a

0.00

0.00

Campbell

0

0

0

0

0

0

n/a

0.00

0.00

Fremont

0

1

0

0

0

1

15,541

0.05

0.72

Laramie

0

3

0

0

10

13

2,632

0.30

4.25

Lincoln

0

0

0

0

0

0

n/a

0.00

0.00

Natrona

0

2

0

0

2

4

7,471

0.10

1.50

Sheridan

0

0

0

0

0

0

n/a

0.00

0.00

Sweetwater

0

2

0

0

0

2

7,961

0.10

1.41

 

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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