WYOMING FORECLOSURES DECREASE 48 PERCENT IN NOVEMBER

State’s Activity Level Up 125 Percent From a Year Ago

 

IRVINE, Calif. – Dec. 11, 2006 – Wyoming reported 36 properties entering some stage of the foreclosure process in November, a 48 percent decrease from the 69 properties reported in October, but still a 125 percent increase from the 16 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.

 

“Although Wyoming foreclosures decreased significantly in November, the numbers have more than doubled from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “This may be due in part to the decelerating housing market. Even so, Wyoming continues to hold one of the lower foreclosure rates nationwide.”

 

Wyoming ranked 40th in the county in total foreclosures reported for November. The state’s foreclosure rate of one new foreclosure filing for every 6,218 households ranked 40th among the 50 states.

 

Top two counties account for largest share of state total

Two counties accounted for 89 percent of all Wyoming foreclosures. Laramie County reported the largest share of Wyoming’s foreclosure activity in November, with 21 properties entering some stage of the foreclosure process. Natrona County reported the second highest total, with 11 properties entering some stage of the foreclosure process for the month.

 

Laramie County posts state’s top foreclosure rate

Laramie County posted the state’s highest foreclosure rate in November, with one new foreclosure filing for every 1,629 households — 3.8 times the state average. Natrona County reported the second highest foreclosure rate, with one new foreclosure filing for every 2,717 households — 2.3 times the state average. Platte County documented the third highest foreclosure rate, with one new foreclosure filing for every 4,528 households — 1.4 times the state average.

 

Wyoming makes minor contribution to national total

Wyoming’s foreclosure activity accounted for less than 0.1 percent of the 120,334 properties entering some stage of foreclosure nationwide in November. The national total represents a 4 percent increase from the 115,568 foreclosures reported in October. The nation’s foreclosure rate increased to one new foreclosure filing for every 961 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.

 

  

                         Wyoming Foreclosure Market by County – November 2006

 

County Name

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

31,027

44,448

5,685

16,263

22,911

120,334

961

n/a

n/a

Wyoming

0

14

0

0

22

36

6,218

0.16

n/a

 

 

 

 

 

 

 

 

 

 

Big Horn

0

1

0

0

0

1

5,105

0.18

1.21

Campbell

0

0

0

0

0

0

                 n/a

0.00

0.00

Laramie

0

5

0

0

16

21

1,629

0.59

3.81

Natrona

0

5

0

0

6

11

2,717

0.35

2.28

Park

0

1

0

0

0

1

11,869

0.08

0.52

Platte

0

1

0

0

0

1

4,528

0.21

1.37

Sheridan

0

0

0

0

0

0

                 n/a

0.00

0.00

Sweetwater

0

1

0

0

0

1

15,921

0.06

0.39

 

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.

 

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Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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