VERMONT FORECLOSURES FLAT IN AUGUST

State’s Activity 33 Percent Lower Than a Year Ago

 

IRVINE, Calif. – August 31, 2006 – Vermont reported two properties entering some stage of the foreclosure process in August, showing no change in activity from the two properties reported in July and a 33 percent decrease from the three 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.

 

Vermont has repeatedly reported low foreclosure volume for some time now,” said James J. Saccacio, chief executive officer of RealtyTrac. “The anticipated strengthening of the state economy, along with projected job growth this year should continue to keep activity low.”

 

Vermont had the lowest amount of foreclosure activity in the country for August. It’s foreclosure rate of one new foreclosure filing for every 147,191 households — less than one percent of the national average — was the nation’s lowest foreclosure rate for the month.

 

Two counties account for state total

Rutland and Washington counties accounted for the total foreclosure activity in Vermont for the month, each reporting one property entering some stage of the foreclosure process.

 

Highest foreclosure rate reported in Washington County

Washington County posted the state’s highest foreclosure rate in August, with one new foreclosure filing for every 27,644 households — 5.3 times the state average and 40 percent of the national average. Reporting one new foreclosure filing for every 32,311 households — 4.6 times the state average and 30 percent of the national average — Rutland County had the second highest foreclosure rate in the state.

 

State has nearly no impact on national total

Vermont‘s 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).

 

 

 

 

 

                           Vermont Foreclosure Market by County – August 2006

 

State 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

Vermont

1

1

0

0

0

2

147,191

0.01

 

 

 

 

 

 

 

 

 

 

Bennington

0

0

0

0

0

0

0.00

0.00

Orange

0

0

0

0

0

0

0.00

0.00

Orleans

0

0

0

0

0

0

0.00

0.00

Rutland

0

1

0

0

0

1

32,311

0.03

4.56

Washington

1

0

0

0

0

1

27,644

0.04

5.32

Windham

0

0

0

0

0

0

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