ARKANSAS FORECLOSURES JUMP 23 PERCENT IN AUGUST

State’s Activity Down 11 Percent from a Year Ago

 

IRVINE, Calif. – August 31, 2006 – Arkansas reported 869 properties entering some stage of the foreclosure process in August, a 23 percent spike in activity from the 706 properties reported in July, but a 10 percent decrease from the 968 properties reported for the same month last year, according to the RealtyTrac™ August 2006 U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with nearly 650,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate, The Wall Street Journal’s Real Estate Journal and Knight Ridder Online.

 

“Although still lower than this time last year, Arkansas foreclosures are the highest they’ve been in the past five months,” said James J. Saccacio, chief executive officer of RealtyTrac.  “As employment continues to grow in many sectors, manufacturing layoffs are increasing in the state.  This may be contributing to higher foreclosure levels.”

 

Arkansas ranked 23rd in the country for foreclosure activity during August. The state’s foreclosure rate of one new foreclosure filing for every 1,350 households — 74 percent of the national average — ranks it 17th among the 50 states.

 

Pulaski County posts highest foreclosure activity

Leading the state in foreclosures for the month was Pulaski County, reporting 240 properties entering some stage of the foreclosure process. Benton County had the second highest total, reporting 72 properties entering some stage of the foreclosure process. Other significant foreclosure levels were found in Sebastian County reporting 71 properties, Saline County reporting 62 properties and Craighead County reporting 56 properties.

 

Highest foreclosure rate reported in Saline County

Saline County posted the state’s highest foreclosure rate in August, with one new foreclosure filing for every 546 households — 2.5 times the state average and 1.8 times the national average.  Reporting one new foreclosure filing for every 627 households — 2.2 times the state average and 1.6 times the national average — Craighead County had the second highest foreclosure rate in the state.  Completing the top five were Pulaski County reporting one new foreclosure filing for every 671 households, Sebastian County reporting one new foreclosure for 695 households and Crawford County reporting one new foreclosure filing for every 761 households.

 

State activity has minor impact on national total

Arkansas‘ foreclosure activity accounted for less than 1 percent of the 115,292 properties entering some stage of the foreclosure process nationwide in August. The national total represents a 24 percent increase from the 92,845 foreclosures reported in July. The nation’s foreclosure rate increased to one new foreclosure filing for every 1,003 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: 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 – August 2006

 

County Name

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

20,611

45,704

7,328

21,533

20,116

115,292

1,003

Arkansas

29

733

0

0

107

869

1,350

0.74

 

 

 

 

 

 

 

 

 

 

Arkansas

0

1

0

0

0

1

9,672

0.10

0.14

Ashley

0

5

0

0

0

5

2,123

0.47

0.64

Baxter

0

1

0

0

0

1

19,891

0.05

0.07

Benton

0

64

0

0

8

72

893

1.12

1.51

Boone

0

3

0

0

0

3

5,142

0.20

0.26

Bradley

0

2

0

0

0

2

2,965

0.34

0.46

Carroll

0

5

0

0

0

5

2,366

0.42

0.57

Chicot

0

2

0

0

0

2

2,987

0.34

0.45

Clark

0

3

0

0

0

3

3,389

0.30

0.40

Clay

0

2

0

0

0

2

4,249

0.24

0.32

Cleburne

0

1

0

0

0

1

13,732

0.07

0.10

Cleveland

0

1

0

0

0

1

3,834

0.26

0.35

Columbia

0

3

0

0

1

4

2,892

0.35

0.47

Craighead

0

48

0

0

8

56

627

1.60

2.15

Crawford

2

23

0

0

3

28

761

1.32

1.77

Crittenden

0

11

0

0

0

11

1,864

0.54

0.72

Desha

0

2

0

0

0

2

3,332

0.30

0.41

Faulkner

0

29

0

0

7

36

960

1.05

1.41

Franklin

0

2

0

0

0

2

3,837

0.26

0.35

Garland

0

30

0

0

4

34

1,322

0.76

1.02

Grant

0

6

0

0

0

6

1,160

0.86

1.16

Greene

0

9

0

0

1

10

1,616

0.62

0.84

Hempstead

0

3

0

0

0

3

3,389

0.30

0.40

Hot Spring

0

4

0

0

0

4

3,346

0.30

0.40

Howard

0

4

0

0

0

4

1,574

0.64

0.86

Independence

0

3

0

0

0

3

4,947

0.20

0.27

Jackson

0

1

0

0

0

1

7,956

0.13

0.17

Jefferson

0

14

0

0

0

14

2,454

0.41

0.55

Johnson

0

5

0

0

0

5

1,985

0.51

0.68

Lincoln

0

1

0

0

0

1

4,955

0.20

0.27

Little River

0

1

0

0

0

1

6,435

0.16

0.21

Logan

0

2

0

0

0

2

4,971

0.20

0.27

Lonoke

2

19

0

0

6

27

768

1.31

1.76

Madison

0

2

0

0

0

2

3,269

0.31

0.41

Marion

0

1

0

0

0

1

8,235

0.12

0.16

Miller

0

8

0

0

0

8

2,216

0.45

0.61

Mississippi

0

12

0

0

0

12

1,859

0.54

0.73

Monroe

0

1

0

0

0

1

5,067

0.20

0.27

Montgomery

0

1

0

0

0

1

5,048

0.20

0.27

Nevada

0

1

0

0

0

1

4,751

0.21

0.28

Newton

0

1

0

0

0

1

4,316

0.23

0.31

Ouachita

0

4

0

0

0

4

3,363

0.30

0.40

Perry

0

1

0

0

0

1

4,702

0.21

0.29

Phillips

0

2

0

0

0

2

5,430

0.18

0.25

Pike

0

2

0

0

0

2

2,768

0.36

0.49

Poinsett

0

4

0

0

0

4

2,763

0.36

0.49

Pope

0

5

0

0

0

5

4,570

0.22

0.30

Pulaski

11

212

0

0

17

240

671

1.49

2.01

Randolph

0

1

0

0

0

1

8,268

0.12

0.16

Saint Francis

1

5

0

0

0

6

1,874

0.54

0.72

Saline

6

39

0

0

17

62

546

1.84

2.47

Sebastian

6

46

0

0

19

71

695

1.44

1.94

Sevier

1

1

0

0

0

2

3,217

0.31

0.42

Union

0

7

0

0

0

7

2,954

0.34

0.46

Van Buren

0

1

0

0

0

1

9,164

0.11

0.15

Washington

0

49

0

0

5

54

1,191

0.84

1.13

White

0

13

0

0

11

24

1,151

0.87

1.17

Woodruff

0

1

0

0

0

1

4,089

0.25

0.33

Yell

0

3

0

0

0

3

3,052

0.33

0.44

 

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 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

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved