WYOMING FORECLOSURES DOWN 21 PERCENT IN AUGUST

State’s Activity 154 Percent Higher Than a Year Ago

 

IRVINE, Calif. – August 31, 2006 – Wyoming reported 33 properties entering some stage of the foreclosure process in August, a 21 percent drop in activity from the 42 properties reported in July, but still 154 percent above the 13 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.

 

Wyoming seems to be maintaining an unusually high foreclosure rate, especially compared to last year, as loan growth and the reliance on higher-cost funding sources has increased within the state,” said James J. Saccacio, chief executive officer of RealtyTrac. “However, the state’s foreclosure activity remains well below the national average as we continue to see a decrease in activity on a monthly basis.”

 

Wyoming ranked 47th in the country in total foreclosures reported for August. The state’s foreclosure rate of one new foreclosure filing for every 6,783 households — 15 percent of the national average — ranks it 39th among the 50 states.

 

Top two counties account for largest share of state total

Two counties accounted for 76 percent of all foreclosures in Wyoming for August. Laramie County led the way, reporting 19 properties entering some stage of the foreclosure process. Natrona County had the second highest total, reporting six properties entering some stage of the foreclosure process.

 

Highest foreclosure rate reported in Laramie County

Laramie County posted the state’s highest foreclosure rate in August, with one new foreclosure filing for every 1,801 households — 3.8 times the state average and 60 percent of the national average. Reporting one new foreclosure filing for every 2,264 households — 3 times the state average and 44 percent of the national average — Platte County had the second highest foreclosure rate in the state.

 

State has little impact on national total

Wyoming‘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).

 

                            Wyoming 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

Wyoming

1

20

0

0

12

33

6,783

0.15

 

 

 

 

 

 

 

 

 

 

Campbell

0

3

0

0

0

3

4,429

0.23

1.53

Fremont

0

0

0

0

0

0

0.00

0.00

Laramie

1

10

0

0

8

19

1,801

0.56

3.77

Natrona

0

2

0

0

4

6

4,980

0.20

1.36

Platte

0

2

0

0

0

2

2,264

0.44

3.00

Sweetwater

0

3

0

0

0

3

5,307

0.19

1.28

 

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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