Wyoming Reports Less Than 500 Properties With Foreclosure Filings in First Half of 2009

Statewide foreclosure activity down 10 percent from previous six months

Foreclosure filings up 5 percent in Q2; Increase 4 percent in June

 

Wyoming reported 413 properties with foreclosure filings throughout the first six months of 2009, a 10 percent decrease from the previous six months but still 43 percent ahead of the first half of 2008, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

The Equality State reported 228 properties with foreclosure filings for the second quarter of the year, a 5 percent increase from the previous quarter and 43 percent ahead of the total reported for the same quarter last year. For June the state reported 84 properties with foreclosure filings, up 4 percent from the previous month and an 8 percent increase from June 2008.

 

Wyoming foreclosures are down slightly so far this year,” said James J. Saccacio, chief executive officer of RealtyTrac. “The state currently holds one of the lowest unemployment rates in the country and had the highest boost in home sales during the first quarter. These factors are definitely helping to keep foreclosures here rare.”

 

Wyoming ranked 46th in the country in total foreclosures reported for the first six months of 2009. With one in every 587 housing units receiving a foreclosure filing, its foreclosure rate ranked 44th among the 50 states.

 

Laramie County leads in midyear foreclosure filings

Laramie County led Wyoming’s foreclosure activity for the first half of 2009, where 180 properties with foreclosure filings were reported. Natrona County came in second highest, reporting 133 properties with foreclosure filings halfway through the year. Campbell County was third highest, documenting 47 properties with foreclosure filings. Converse County posted the fourth highest foreclosure total, where 19 properties with foreclosure filings were reported. Park County registered the state’s fifth highest foreclosure total at midyear, reporting 12 properties with foreclosure filings.

 

Laramie County dominates in midyear foreclosure rate rankings

Laramie County posted the highest foreclosure rate in Wyoming, with one in every 211 housing units receiving a foreclosure filing during the first six months of 2009. Natrona County was second, with one in every 236 housing units receiving a foreclosure filing during the period. Campbell County had the third highest rate, with one in every 309 housing units receiving a foreclosure filing. Converse County was fourth, with one in every 312 housing units receiving a foreclosure filing, followed by fifth place Park County, where one in every 1,089 housing units received a foreclosure filing during the six month period.

 

State contributes less than 1 percent to nation’s foreclosure total through midyear Wyoming accounted for less than 1 percent of the 1,528,364 properties with foreclosure filings reported nationwide halfway through 2009. The national total represented a greater than 9 percent increase in activity from the previous six month period and was almost 15 percent ahead of the total reported for the first half of 2008. One in every 84 U.S. housing units received a foreclosure filing during the quarter.

 

Report methodology

The RealtyTrac Monthly U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the quarter — broken out by type of filing at the county, state and national level. 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 filed against a property during the quarter — which is extremely rare — only the most recent filing is counted in the report.

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

            Wyoming Foreclosure Market Data by County

       January – June 2009

 

County Name

Total Properties with FC Filings

% Housing Units

1/every X HU (rate)

% Chg From Jul-Dec 08

% Chg From Jan-Jun  08

 

 

 

 

 

 

United States

1,528,364

1.195

84

9.46

14.66

Wyoming

413

0.17

587

-10.22

43.40

 

 

 

 

 

 

Albany

2

0.01

8,587

 n/a

100.00

Big Horn

0

0.00

 n/a

 n/a

 n/a

Campbell

47

0.32

309

4.44

327.27

Carbon

1

0.01

8,545

 n/a

 n/a

Converse

19

0.32

312

375.00

 n/a

Crook

0

0.00

 n/a

 n/a

 n/a

Fremont

0

0.00

 n/a

 n/a

-100.00

Goshen

0

0.00

 n/a

 n/a

-100.00

Hot Springs

0

0.00

 n/a

 n/a

 n/a

Johnson

0

0.00

 n/a

 n/a

 n/a

Laramie

180

0.47

211

-35.94

20.00

Lincoln

4

0.05

2,063

 n/a

 n/a

Natrona

133

0.42

236

34.34

34.34

Niobrara

0

0.00

 n/a

 n/a

 n/a

Park

12

0.09

1,089

33.33

71.43

Platte

0

0.00

 n/a

-100.00

 n/a

Sheridan

1

0.01

13,771

 n/a

 n/a

Sublette

0

0.00

 n/a

 n/a

 n/a

Sweetwater

10

0.06

1,673

-50.00

-37.50

Teton

0

0.00

 n/a

 n/a

 n/a

Uinta

1

0.01

8,492

 n/a

0.00

Washakie

3

0.08

1,231

 n/a

 n/a

Weston

0

0.00

 n/a

-100.00

 n/a

              

 

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