NEBRASKA FORECLOSURES DOWN 52 PERCENT IN DECEMBER

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

State’s Activity Level Up 13 Percent From a Year Ago

 

IRVINE, Calif. – Jan. 15, 2007 – Nebraska reported 256 properties entering some stage of the foreclosure process in December, a 52 percent decrease from the 530 properties reported in November, but still a 13 percent increase from the 227 properties reported for the same month last year, according to the RealtyTrac™ U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with over 700,000 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.

 

Nebraska’s economy remains strong and employment gains are being reported across many sectors,” said James J. Saccacio, chief executive officer of RealtyTrac. The state’s foreclosure rate is below the national average and appears to be on the decline.”

 

Nebraska ranked 35th in the country in total foreclosures reported for December. The state’s foreclosure rate of one new foreclosure filing for every 2,807 households ranked 27th among the 50 states.

 

Douglas County accounts for largest share of state total

Douglas County reported the largest share of Nebraska’s foreclosure activity in December with 144 properties entering some stage of the foreclosure process during the month. Lancaster County reported the second highest total, with 53 properties in some stage of foreclosure. Third highest was Sarpy County which reported 43 properties entering foreclosure. 

 

State’s top foreclosure rate found in Sarpy County

Sarpy County posted the state’s highest foreclosure rate for December, with one new foreclosure filing for every 1,046 households — 2.7 times the state average and on par with the national average. Douglas County reported the second highest foreclosure rate, with one new foreclosure filing for every 1,338 households — 2.1 times the state average. Lancaster County documented the third highest foreclosure rate, with one new foreclosure filing for every 1,966 households — 1.4 times the state average.

 

State makes minor contribution to national total

Nebraska’s foreclosure activity accounted for less than 1 percent of the 109,652 properties entering some stage of foreclosure nationwide in December. The national total represents a 9 percent decrease from the 120,334 foreclosures reported in November. The nation’s foreclosure rate decreased to one new foreclosure filing for every 1,055 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).

 

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

 

                      Nebraska Foreclosure Market by County – December 2006

 

County Name

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

26,593

41,292

5,472

15,887

20,408

109,652

1,055

n/a

n/a

Nebraska

205

0

0

47

256

205

2,807

0.38

n/a

 

 

 

 

 

 

 

 

 

 

Adams

0

2

0

0

0

2

6,507

0.16

0.43

Buffalo

0

2

0

0

0

2

8,415

0.13

0.33

Cass

0

1

0

0

0

1

6,590

0.16

0.43

Dawson

0

1

0

0

0

1

9,805

0.11

0.29

Dodge

0

0

0

0

0

0

n/a

0.00

0.00

Douglas

1

105

0

0

38

144

1,338

0.79

2.10

Furnas

0

0

0

0

0

0

n/a

0.00

0.00

Hall

0

1

0

0

0

1

21,574

0.05

0.13

Hamilton

0

1

0

0

0

1

3,850

0.27

0.73

Lancaster

2

51

0

0

0

53

1,966

0.54

1.43

Madison

0

1

0

0

0

1

14,432

0.07

0.19

Merrick

0

1

0

0

0

1

3,649

0.29

0.77

Phelps

0

1

0

0

0

1

4,191

0.25

0.67

Richardson

0

1

0

0

0

1

4,560

0.23

0.62

Sarpy

0

35

0

0

8

43

1,046

1.01

2.68

Saunders

0

0

0

0

0

0

n/a

0.00

0.00

Scotts Bluff

1

2

0

0

1

4

4,030

0.26

0.70

Sherman

0

0

0

0

0

0

n/a

0.00

0.00

Washington

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 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