WYOMING FORECLOSURES INCREASE 55 PERCENT IN SEPTEMBER

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Up 132 Percent From a Year Ago

 

IRVINE, Calif. – Oct. 11, 2006 – Wyoming reported 51 properties entering some stage of the foreclosure process in September, a 55 percent increase in activity from the 33 properties reported in August, and a 132 percent increase from the 22 properties reported for the same month last year, according to the RealtyTrac™ September 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.

 

“Even though Wyoming foreclosures are the highest we’ve seen them all year, the state still holds one of the lower numbers when compared to the rest of the nation,” said James J. Sacaccio, chief executive officer of RealtyTrac. “Rapid job growth and a resilient housing market are likely keeping these numbers low.”

 

Wyoming ranked among the 10 lowest states for foreclosure activity during September. The state’s foreclosure rate of one new foreclosure filing for every 4,389 households — 24 percent of the national average — ranks it 36th among the 50 states.

 

Top two counties account for largest share of state total

Two counties accounted for 86 percent of all foreclosures in the state of Wyoming for September.  Leading the state was Laramie County, reporting 34 properties entering some stage of the foreclosure process. Natrona County had the second highest total, reporting 10 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 September, with one new foreclosure filing for every 1,006 households — 4.4 times the state average. Reporting one new foreclosure filing for every 2,264 households — 1.9 times the state average — Platte County had the second highest foreclosure rate in the state, followed by Natrona County with one new foreclosure filing for every 2,988 households — 1.5 times the state average. 

 

State has minor impact on national total

Wyoming’s foreclosure activity accounted for less than 1 percent of the 112,210 properties entering some stage of foreclosure nationwide in September. The national total represents an almost 1 percent decrease in activity from the 113,300 foreclosures reported in August. The national foreclosure rate increased to one new foreclosure filing for every 1,030 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 – September 2006

 

County Name

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

25,379

43,840

6,285

19,338

17,368

112,210

1,030

Wyoming

0

26

0

0

25

51

4,389

0.23

 

 

 

 

 

 

 

 

 

 

Campbell

0

2

0

0

0

2

6,644

0.16

0.66

Fremont

0

1

0

0

0

1

15,541

0.07

0.28

Laramie

0

15

0

0

19

34

1,006

1.02

4.36

Natrona

0

4

0

0

6

10

2,988

0.34

1.47

Park

0

1

0

0

0

1

11,869

0.09

0.37

Platte

0

2

0

0

0

2

2,264

0.46

1.94

Teton

0

0

0

0

0

0

0.00

0.00

Uinta

0

1

0

0

0

1

8,011

0.13

0.55

 

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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