ARKANSAS FORECLOSURES DECREASE 40 PERCENT IN APRIL

Foreclosures Increase 36 Percent From Year Ago

Pulaski County Posts State’s Highest Foreclosure Rate

 

IRVINE, Calif. – May 31, 2006 – Arkansas reported 764 properties entering some stage of foreclosure in April, a 40 percent decline from the previous month and a 36 percent increase from the 563 properties reported in April 2005, according to RealtyTrac’s April 2006 U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with more than 600,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate, AOL Real Estate and Knight Ridder Online.

 

“Although Arkansas‘ foreclosure rates decreased in April, the numbers have increased from this time last year by more than one-third,” said James J. Saccacio, chief executive officer of RealtyTrac. “While many metropolitan areas experienced strong job growth, continued manufacturing job losses in some regions may be contributing to the overall foreclosure rise.”

 

With one foreclosure filing for every 1,535 households (83 percent of the national average), Arkansas‘ foreclosure rate ranked 18th among the 50 states. Overall, the state’s total accounted for 0.8 percent of the nation’s foreclosures for the month. In all, 22 states reported more total foreclosures in April.

 

Reporting 253 properties entering some stage of foreclosure, Pulaski County accounted for the majority of the state’s monthly foreclosure filings. The county’s foreclosure rate of one foreclosure filing for every 637 households (2.4 times the state average) was the highest in the state.

 

Nationwide a total of 91,168 properties entered some stage of foreclosure in April, a 10 percent decrease from the previous month but a 33 percent year-over-year increase from April 2005. This marked the second straight month of decreasing U.S. foreclosure activity. At one foreclosure filing for every 1,268 households, the national foreclosure rate for April was higher than for any month in 2005.

 

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: Pre-foreclosures — Notice of Default (NOD) and Lis Pendens (LIS); Foreclosures — 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).

 

                        Arkansas Foreclosure Market By County — April 2006

 

State Name

NOD

NTS

NFS

LIS

REO

Total

1 in every #households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

U.S.

21,244

38,238

2,833

9,071

19,782

91,168

1,268

Arkansas

26

598

0

0

140

764

1,535

0.83

 

 

 

 

 

 

 

 

 

 

Arkansas

0

2

0

0

0

2

4,836

0.26

0.32

Ashley

0

3

0

0

0

3

3,538

0.36

0.43

Baxter

0

1

0

0

0

1

19,891

0.06

0.08

Benton

1

41

0

0

5

47

1,368

0.93

1.12

Boone

0

4

0

0

7

11

1,402

0.90

1.09

Carroll

0

2

0

0

0

2

5,914

0.21

0.26

Chicot

0

1

0

0

0

1

5,974

0.21

0.26

Clark

0

2

0

0

2

4

2,542

0.50

0.60

Clay

0

1

0

0

0

1

8,498

0.15

0.18

Cleburne

0

1

0

0

0

1

13,732

0.09

0.11

Cleveland

0

1

0

0

0

1

3,834

0.33

0.40

Columbia

0

1

0

0

1

2

5,783

0.22

0.27

Conway

0

1

0

0

0

1

9,028

0.14

0.17

Craighead

0

28

0

0

9

37

950

1.34

1.62

Crawford

3

29

0

0

6

38

561

2.26

2.74

Crittenden

0

7

0

0

4

11

1,864

0.68

0.82

Cross

0

3

0

0

1

4

2,008

0.63

0.76

Dallas

0

1

0

0

0

1

4,401

0.29

0.35

Desha

0

2

0

0

0

2

3,332

0.38

0.46

Drew

0

2

0

0

0

2

4,144

0.31

0.37

Faulkner

0

37

0

0

3

40

864

1.47

1.78

Franklin

0

2

0

0

0

2

3,837

0.33

0.40

Garland

0

17

0

0

1

18

2,497

0.51

0.61

Grant

0

4

0

0

0

4

1,740

0.73

0.88

Greene

5

6

0

0

2

13

1,243

1.02

1.24

Hempstead

0

3

0

0

0

3

3,389

0.37

0.45

Hot Spring

0

3

0

0

1

4

3,346

0.38

0.46

Independence

0

1

0

0

0

1

14,841

0.09

0.10

Jackson

0

6

0

0

0

6

1,326

0.96

1.16

Jefferson

0

15

0

0

0

15

2,290

0.55

0.67

Johnson

0

2

0

0

1

3

3,309

0.38

0.46

Lawrence

0

3

0

0

0

3

2,695

0.47

0.57

Little River

0

1

0

0

0

1

6,435

0.20

0.24

Logan

0

8

0

0

0

8

1,243

1.02

1.24

Lonoke

0

6

0

0

1

7

2,964

0.43

0.52

Madison

0

2

0

0

0

2

3,269

0.39

0.47

Miller

0

5

0

0

1

6

2,955

0.43

0.52

Mississippi

1

8

0

0

2

11

2,028

0.63

0.76

Montgomery

0

0

0

0

0

0

 

0.00

0.00

Ouachita

0

5

0

0

0

5

2,690

0.47

0.57

Phillips

0

2

0

0

1

3

3,620

0.35

0.42

Poinsett

0

2

0

0

0

2

5,526

0.23

0.28

Polk

0

1

0

0

0

1

9,236

0.14

0.17

Pope

0

3

0

0

0

3

7,617

0.17

0.20

Prairie

0

1

0

0

0

1

4,790

0.26

0.32

Pulaski

9

200

0

0

44

253

637

1.99

2.41

Randolph

0

0

0

0

1

1

8,268

0.15

0.19

Saint Francis

0

5

0

0

3

8

1,405

0.90

1.09

Saline

0

13

0

0

2

15

2,255

0.56

0.68

Searcy

0

2

0

0

0

2

2,146

0.59

0.72

Sebastian

7

54

0

0

28

89

554

2.29

2.77

Sevier

0

2

0

0

0

2

3,217

0.39

0.48

Sharp

0

1

0

0

0

1

9,342

0.14

0.16

Union

0

4

0

0

1

5

4,135

0.31

0.37

Van Buren

0

3

0

0

0

3

3,055

0.42

0.50

Washington

0

31

0

0

10

41

1,569

0.81

0.98

White

0

6

0

0

3

9

3,068

0.41

0.50

Yell

0

1

0

0

0

1

9,157

0.14

0.17

 

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, 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 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 AOL Real Estate, MSN Real Estate and Yahoo! Real Estate. 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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