TEXAS FORECLOSURES INCREASE 15 PERCENT IN JULY

State Leads Nation For Fourth Straight Month; Foreclosure Rate in Top 3

 

IRVINE, Calif. – August 11, 2006 – Texas led the nation for the fourth consecutive month, reporting 13,103 properties entering some stage of the foreclosure process during July, an increase of 15 percent from the 11,355 properties reported in June, and up 30 percent from the 10,100 properties reported for the same month last year, according to the RealtyTrac™ July 2006 U.S. Foreclosure Market Report. The state had the third highest foreclosure rate in the nation for the month — reporting one new foreclosure filing for every 614 households.

 

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.

 

“Despite a growing economy, Texas has continued to lead the nation in foreclosure activity month after month this year, with activity well ahead of the state total for last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Higher interest rates, a softer real estate market, and excessive use of ‘exotic’ mortgages is most likely contributing to the state’s foreclosure problem.”

 

In terms of sheer numbers alone, Texas is way ahead of second place Florida which reported 10,757 properties in the foreclosure process and third place California which reported 10,025 properties entering some stage of the foreclosure process during the month.

 

Dallas County, three others lead state in foreclosure activity

In all, four counties accounted for 67 percent of all foreclosure activity in Texas for August. Dallas County had the most activity for the month, reporting 3,047 properties entering some stage of the foreclosure process, followed by Harris County which reported 2,581 properties entering some stage of the foreclosure process. The third highest total was is Tarrant County where 1,947 properties were reported to be entering the foreclosure process, with Bexar County reporting the fourth highest total of 1,231 properties in the foreclosure pipeline.

 

Highest foreclosure rate reported in Rockwall County again

For the second straight month Rockwall County posted the highest foreclosure rate in Florida, reporting one new foreclosure filing for every 199 households — 3.1 times the state average and 6.2 times the national average. Henderson County had the second highest rate, reporting one new foreclosure filing for every 251 households — 2.4 times the state average and 5 times the national average.

 

Texas Total Accounts for Large Share of Monthly National Total

Texas foreclosures accounted for 14 percent of the 92,845 properties entering some stage of foreclosure nationwide in July. The national total represents a 5 percent increase from June when a total 88,194 foreclosures were reported. The nation’s foreclosure rate increased to one new foreclosure filing for every 1,245 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).

 

                              Texas Foreclosure Market by County – July 2006

 

State Name

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

20,202

38,173

4,795

13,295

16,380

92,845

1,245

Texas

109

11,117

0

0

1,877

13,103

614

2.03

 

 

 

 

 

 

 

 

 

 

Anderson

0

0

0

0

0

0

0.00

0.00

Andrews

0

1

0

0

0

1

5,400

0.23

0.11

Angelina

0

0

0

0

5

5

6,487

0.19

0.09

Aransas

0

1

0

0

0

1

12,848

0.10

0.05

Atascosa

0

0

0

0

3

3

4,961

0.25

0.12

Austin

0

0

0

0

0

0

0.00

0.00

Bandera

0

0

0

0

0

0

0.00

0.00

Bastrop

1

3

0

0

6

10

2,225

0.56

0.28

Bell

0

98

0

0

0

98

947

1.32

0.65

Bexar

13

1,130

0

0

88

1,231

342

3.64

1.79

Blanco

0

0

0

0

0

0

0.00

0.00

Bosque

0

1

0

0

0

1

8,644

0.14

0.07

Bowie

0

1

0

0

0

1

36,463

0.03

0.02

Brazoria

0

104

0

0

24

128

708

1.76

0.87

Brazos

0

2

0

0

9

11

5,366

0.23

0.11

Brown

0

0

0

0

0

0

0.00

0.00

Burnet

0

1

0

0

5

6

2,656

0.47

0.23

Caldwell

0

0

0

0

0

0

0.00

0.00

Callahan

0

0

0

0

0

0

0.00

0.00

Cameron

1

20

0

0

6

27

4,432

0.28

0.14

Camp

0

0

0

0

0

0

0.00

0.00

Cass

0

0

0

0

0

0

0.00

0.00

Chambers

0

2

0

0

2

4

2,584

0.48

0.24

Cherokee

0

2

0

0

0

2

9,587

0.13

0.06

Collin

1

629

0

0

88

718

271

4.59

2.26

Colorado

0

0

0

0

0

0

0.00

0.00

Comal

2

29

0

0

11

42

779

1.60

0.79

Cooke

0

0

0

0

0

0

0.00

0.00

Coryell

0

1

0

0

0

1

21,776

0.06

0.03

Dallas

13

2,509

0

0

525

3,047

280

4.44

2.19

Delta

0

0

0

0

0

0

0.00

0.00

Denton

1

448

0

0

36

485

347

3.59

1.77

Eastland

0

0

0

0

0

0

0.00

0.00

Ector

0

2

0

0

0

2

24,750

0.05

0.02

El Paso

4

168

0

0

25

197

1,139

1.09

0.54

Ellis

0

70

0

0

27

97

403

3.09

1.53

Erath

0

0

0

0

1

1

14,422

0.09

0.04

Fannin

0

0

0

0

0

0

0.00

0.00

Fayette

0

0

0

0

0

0

0.00

0.00

Floyd

0

0

0

0

0

0

0.00

0.00

Fort Bend

1

382

0

0

8

391

297

4.20

2.07

Franklin

0

0

0

0

0

0

0.00

0.00

Freestone

0

0

0

0

0

0

0.00

0.00

Frio

0

0

0

0

1

1

5,660

0.22

0.11

Galveston

3

140

0

0

7

150

745

1.67

0.82

Garza

0

1

0

0

0

1

1,928

0.65

0.32

Gillespie

0

1

0

0

0

1

9,902

0.13

0.06

Gonzales

0

0

0

0

0

0

0.00

0.00

Grayson

1

1

0

0

25

27

1,789

0.70

0.34

Gregg

0

2

0

0

0

2

23,175

0.05

0.03

Grimes

0

0

0

0

0

0

0.00

0.00

Guadalupe

0

33

0

0

23

56

600

2.08

1.02

Hale

0

0

0

0

0

0

0.00

0.00

Hamilton

0

0

0

0

0

0

0.00

0.00

Hardin

0

1

0

0

0

1

19,836

0.06

0.03

Harris

21

2,340

0

0

220

2,581

503

2.48

1.22

Harrison

0

0

0

0

5

5

5,254

0.24

0.12

Hays

0

63

0

0

20

83

429

2.90

1.43

Hemphill

0

1

0

0

0

1

1,548

0.80

0.40

Henderson

4

4

0

0

135

143

251

4.96

2.44

Hidalgo

1

4

0

0

0

5

38,532

0.03

0.02

Hill

0

1

0

0

0

1

14,624

0.09

0.04

Hockley

0

0

0

0

0

0

0.00

0.00

Hood

0

0

0

0

6

6

3,184

0.39

0.19

Hopkins

0

0

0

0

1

1

14,020

0.09

0.04

Houston

0

0

0

0

0

0

0.00

0.00

Howard

0

0

0

0

0

0

0.00

0.00

Hunt

0

0

0

0

0

0

0.00

0.00

Jack

0

0

0

0

0

0

0.00

0.00

Jasper

0

0

0

0

0

0

0.00

0.00

Jefferson

1

3

0

0

10

14

7,291

0.17

0.08

Jim Wells

0

0

0

0

0

0

0.00

0.00

Johnson

1

11

0

0

37

49

944

1.32

0.65

Jones

0

1

0

0

0

1

7,236

0.17

0.08

Kaufman

0

56

0

0

6

62

422

2.95

1.46

Kendall

0

10

0

0

1

11

874

1.43

0.70

Lamar

0

1

0

0

0

1

21,113

0.06

0.03

Lampasas

0

0

0

0

0

0

0.00

0.00

Lee

0

0

0

0

0

0

0.00

0.00

Leon

0

0

0

0

0

0

0.00

0.00

Liberty

0

1

0

0

0

1

26,359

0.05

0.02

Limestone

0

1

0

0

0

1

9,725

0.13

0.06

Live Oak

0

0

0

0

0

0

0.00

0.00

Llano

0

0

0

0

1

1

11,829

0.11

0.05

Lubbock

0

2

0

0

2

4

25,149

0.05

0.02

Lynn

0

0

0

0

0

0

0.00

0.00

Marion

0

0

0

0

0

0

0.00

0.00

Martin

0

0

0

0

0

0

0.00

0.00

Matagorda

0

2

0

0

0

2

9,306

0.13

0.07

Maverick

0

1

0

0

0

1

14,889

0.08

0.04

Mclennan

13

5

0

0

39

57

1,488

0.84

0.41

Medina

0

12

0

0

0

12

1,236

1.01

0.50

Midland

3

0

0

0

7

10

4,608

0.27

0.13

Milam

0

0

0

0

0

0

0.00

0.00

Montague

0

0

0

0

0

0

0.00

0.00

Montgomery

2

263

0

0

29

294

384

3.25

1.60

Nacogdoches

0

1

0

0

0

1

25,051

0.05

0.02

Navarro

0

2

0

0

0

2

9,225

0.14

0.07

Newton

0

0

0

0

0

0

0.00

0.00

Nolan

0

1

0

0

0

1

7,112

0.18

0.09

Nueces

1

53

0

0

20

74

1,663

0.75

0.37

Oldham

0

0

0

0

0

0

0.00

0.00

Orange

0

1

0

0

5

6

5,797

0.21

0.11

Palo Pinto

0

0

0

0

1

1

14,102

0.09

0.04

Panola

0

0

0

0

0

0

0.00

0.00

Parker

2

16

0

0

25

43

793

1.57

0.78

Polk

0

0

0

0

0

0

0.00

0.00

Potter

0

36

0

0

8

44

1,014

1.23

0.61

Rains

0

2

0

0

0

2

2,262

0.55

0.27

Randall

0

8

0

0

5

13

3,328

0.37

0.18

Real

0

0

0

0

0

0

0.00

0.00

Red River

0

0

0

0

0

0

0.00

0.00

Refugio

0

0

0

0

0

0

0.00

0.00

Robertson

0

0

0

0

0

0

0.00

0.00

Rockwall

0

67

0

0

10

77

199

6.25

3.08

Runnels

0

0

0

0

0

0

0.00

0.00

Rusk

1

0

0

0

1

2

9,934

0.13

0.06

Sabine

0

0

0

0

1

1

7,659

0.16

0.08

San Jacinto

0

1

0

0

0

1

11,520

0.11

0.05

San Patricio

0

1

0

0

7

8

3,108

0.40

0.20

Scurry

0

0

0

0

0

0

0.00

0.00

Shackelford

0

0

0

0

0

0

0.00

0.00

Smith

0

1

0

0

10

11

6,518

0.19

0.09

Starr

0

2

0

0

0

2

8,795

0.14

0.07

Swisher

0

0

0

0

0

0

0.00

0.00

Tarrant

15

1,679

0

0

253

1,947

291

4.29

2.11

Taylor

0

1

0

0

1

2

26,028

0.05

0.02

Terry

0

0

0

0

0

0

0.00

0.00

Tom Green

0

1

0

0

4

5

8,783

0.14

0.07

Travis

1

459

0

0

10

470

715

1.74

0.86

Trinity

0

0

0

0

0

0

0.00

0.00

Tyler

0

0

0

0

0

0

0.00

0.00

Upshur

0

1

0

0

0

1

14,930

0.08

0.04

Val Verde

0

0

0

0

1

1

16,288

0.08

0.04

Van Zandt

0

0

0

0

2

2

10,448

0.12

0.06

Victoria

0

0

0

0

1

1

32,945

0.04

0.02

Walker

0

0

0

0

1

1

21,099

0.06

0.03

Waller

0

0

0

0

0

0

0.00

0.00

Washington

0

0

0

0

0

0

0.00

0.00

Webb

1

4

0

0

31

36

1,534

0.81

0.40

Wharton

0

1

0

0

0

1

16,606

0.07

0.04

Wichita

0

1

0

0

10

11

4,846

0.26

0.13

Willacy

0

0

0

0

0

0

0.00

0.00

Williamson

1

211

0

0

15

227

398

3.13

1.54

Wilson

0

0

0

0

0

0

0.00

0.00

Winkler

0

0

0

0

1

1

3,214

0.39

0.19

Wise

0

1

0

0

10

11

1,749

0.71

0.35

Wood

0

0

0

0

0

0

0.00

0.00

Zavala

0

1

0

0

0

1

4,075

0.31

0.15

 

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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