WYOMING FORECLOSURES INCREASE 110 PERCENT IN MAY

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Up 91 Percent From a Year Earlier

 

IRVINE, Calif. – June 15, 2007 – Wyoming reported 42 foreclosure filings in May, a 110 percent increase in activity from the previous month, and 91 percent above the level reported for the same month last year, 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.

 

“Foreclosure activity is on the rise in Wyoming, despite the fact that job growth within the state remains strong,” said James J. Saccacio, chief executive officer of RealtyTrac. “A growing number of Wyoming borrowers are struggling with adjustable rate mortgages. As interest rates reset, we should see a spike in Wyoming foreclosure filings.”

 

Wyoming ranked 47th in the country in total foreclosures reported for May. The state posted the 45th highest foreclosure rate in the country for the month — one foreclosure filing for every 5,330 households.

 

Laramie County leads state in foreclosure activity

Laramie County documented the highest foreclosure total in Wyoming in May, reporting 29 foreclosure filings for the month. Natrona County documented the second highest foreclosure total, reporting nine foreclosure filings.

 

Laramie County leads state in foreclosure rate for the month

Laramie County posted the highest foreclosure rate in the state for May, with one foreclosure filing for every 1,180 households — 4.5 times the state average. Natrona County tallied the state’s second highest rate, with one foreclosure filing for every 3,320 households — 1.6 times the state average. Platte County posted the third highest foreclosure rate, with one foreclosure filing for every 4,528 households — 1.2 times the state average.

 

State makes small contribution to national total for May

Total foreclosure filings in Wyoming accounted for less than 1 percent of the 176,137 foreclosure filings nationwide in May. The national total was up 19 percent from the previous month, and up 90 percent from May 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 656 U.S. households during the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of homes in some stage of foreclosure nationwide, by state and by county. 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 – May 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

55,615

56,481

9,760

25,733

28,548

176,137

656

n/a

n/a

Wyoming

2

5

0

0

35

42

5,330

0.12

n/a

 

 

 

 

 

 

 

 

 

 

Albany

0

1

0

0

0

1

15,215

0.04

0.35

Converse

0

0

0

0

0

0

n/a

0.00

0.00

Laramie

0

2

0

0

27

29

1,180

0.56

4.52

Lincoln

1

0

0

0

0

1

6,831

0.10

0.78

Natrona

0

1

0

0

8

9

3,320

0.20

1.61

Park

1

0

0

0

0

1

11,869

0.06

0.45

Platte

0

1

0

0

0

1

4,528

0.14

1.18

Sweetwater

0

0

0

0

0

0

n/a

0.00

0.00

 

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 construction properties, 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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