SOURCE: RealtyTrac, Inc.

RealtyTrac, Inc.

April 15, 2010 00:00 ET

Foreclosure Activity Increases 7 Percent in First Quarter According to RealtyTrac® U.S. Foreclosure Market Report

New Quarterly Records for Scheduled Auctions and Bank Repossessions; All Foreclosure Types Spike in March, Which Posts Highest Monthly Total for Report

IRVINE, CA--(Marketwire - April 15, 2010) - RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for Q1 2010, which shows that foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 932,234 properties in the first quarter, a 7 percent increase from the previous quarter and a 16 percent increase from the first quarter of 2009. One in every 138 U.S. housing units received a foreclosure filing during the quarter.

Foreclosure filings were reported on 367,056 properties in March, an increase of nearly 19 percent from the previous month, an increase of nearly 8 percent from March 2009 and the highest monthly total since RealtyTrac began issuing its report in January 2005.

"Foreclosure activity in the first quarter of 2010 followed a very similar pattern to what we saw in the first quarter of 2009: a shallow trough in January and February followed by a substantial spike in March," said James J. Saccacio, chief executive officer of RealtyTrac. "One difference, however, is that the increases were more tilted toward the final stage of foreclosure, with REOs increasing 9 percent on a quarterly basis in the first quarter of 2010 compared to a 13 percent quarterly decrease in REOs in the first quarter of 2009.

"This subtle shift in the numbers pushed REOs to the highest quarterly total we've ever seen in our report and may be further evidence that lenders are starting to make a dent in the backlog of distressed inventory that has built up over the last year as foreclosure prevention programs and processing delays slowed down the normal foreclosure timeline."

Foreclosure Activity by Type

During the quarter a total of 304,799 properties received default notices (Notices of Default and Lis Pendens), an increase of 1 percent from the previous quarter but down 1 percent from the first quarter of 2009. Default notices were down nearly 11 percent from a peak of more than 342,000 in the third quarter of 2009.

Foreclosure auctions were scheduled for the first time on a total of 369,491 properties during the quarter, the highest quarterly total for scheduled auctions in the history of the report. Scheduled auctions increased 12 percent from the previous quarter and were up 21 percent from the first quarter of 2009.

Bank repossessions (REOs) also hit a record high for the report in the first quarter, with a total of 257,944 properties repossessed by the lender during the quarter -- an increase of 9 percent from the previous quarter and an increase of 35 percent from the first quarter of 2009.

Nevada, Arizona, Florida post top state foreclosure rates in first quarter

As it has for the past 13 quarters, Nevada continued to document the nation's highest state foreclosure rate in the first quarter of 2010. One in every 33 Nevada housing units received a foreclosure filing during the quarter, more than four times the national average and an increase of nearly 15 percent from the previous quarter. Still, Nevada's total of 34,557 properties receiving a foreclosure filing in the first quarter was down 16 percent from the first quarter of 2009.

Arizona foreclosure activity in the first quarter increased on a quarterly and annual basis, helping the state to post the nation's second highest state foreclosure rate for the third consecutive quarter. One in every 49 Arizona properties received a foreclosure filing during the quarter -- nearly three times the national average.

With one in every 57 Florida properties receiving a foreclosure filing during the quarter, the state posted the nation's third highest state foreclosure rate for the second straight quarter. Florida's Q1 foreclosure activity increased on a quarterly and annual basis.

California foreclosure activity decreased 6 percent from the first quarter of 2009, but the state still documented the nation's fourth highest foreclosure rate -- one in every 62 housing units receiving a foreclosure filing.

Utah foreclosure activity increased 75 percent from the first quarter of 2009, the highest annual increase among states with top-10 foreclosure rates and giving it the nation's fifth highest state foreclosure rate. Foreclosure filings were reported on 10,756 Utah properties, a rate of one in every 88 housing units and an increase of 21 percent from the previous quarter.

Other states with foreclosure rates ranking among the top 10 in the first quarter were Michigan, Georgia, Idaho, Illinois and Colorado.

Ten states account for more than 70 percent of nation's first quarter total

California alone accounted for 23 percent of the nation's total foreclosure activity in the first quarter, with 216,263 properties receiving a foreclosure notice -- the nation's highest foreclosure activity total.

Florida's total was second highest, with 153,540 properties receiving a foreclosure filing during the quarter, and Arizona's total was third highest, with 55,686 properties receiving a foreclosure filing during the quarter.

Despite a nearly 5 percent decrease in foreclosure activity from the previous quarter, Illinois documented the fourth highest foreclosure activity total, with 45,780 properties receiving a foreclosure filing -- still a 17 percent increase from the first quarter of 2009.

A total of 45,732 Michigan properties received a foreclosure filing during the quarter, the fifth highest state total. Michigan foreclosure activity increased nearly 11 percent from the previous quarter and was up nearly 38 percent from the first quarter of 2009.

Other states with foreclosure activity totals among the nation's 10 highest were Georgia (39,911), Texas (37,354), Nevada (34,557), Ohio (33,221) and Colorado (16,023).

Report methodology

The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the RealtyTrac database during the month and quarter -- broken out by type of filing. Some foreclosure filings entered into the database during a month or quarter may have been recorded in previous months or quarters. Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90 percent of the U.S. population. RealtyTrac's report incorporates documents filed in all three phases of foreclosure: Default -- Notice of Default (NOD) and Lis Pendens (LIS); Auction -- 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 the quarterly report, if more than one foreclosure document is received for a property during the quarter, only the most recent filing is counted in the report. Both the quarterly and monthly reports check if the same type of document was filed against a property previously. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state where the property is located, the report does not count the property in the current month or quarter.


          U.S. Foreclosure Market Data by State -- Q1 2010

                             Properties with Foreclosure Filings
                    -------------------------------------------------------
                                                                    1/every
Rate State                                                           X HU
Rank Name             NOD     LIS     NTS     NFS     REO   Total   (rate)
---- ------         ------- ------- ------- ------- ------- ------- -------
--   U.S.           121,367 183,432 267,159 102,332 257,944 932,234     138
                    ------- ------- ------- ------- ------- ------- -------
35   Alabama              0       0   3,826       0   2,720   6,546     330
                    ------- ------- ------- ------- ------- ------- -------
33   Alaska               3       0     547       0     367     917     309
                    ------- ------- ------- ------- ------- ------- -------
2    Arizona             32       0  34,212       0  21,442  55,686      49
                    ------- ------- ------- ------- ------- ------- -------
16   Arkansas           365       0   3,935       0   1,946   6,246     208
                    ------- ------- ------- ------- ------- ------- -------
4    California      83,554       0  86,264       0  46,445 216,263      62
                    ------- ------- ------- ------- ------- ------- -------
10   Colorado            49       0  10,671       0   5,303  16,023     134
                    ------- ------- ------- ------- ------- ------- -------
15   Connecticut          0   4,663       0     315   2,013   6,991     206
                    ------- ------- ------- ------- ------- ------- -------
34   Delaware             0       0       0     759     452   1,211     324
                    ------- ------- ------- ------- ------- ------- -------
     District of
     Columbia             0       0     378       0     130     508     562
                    ------- ------- ------- ------- ------- ------- -------
3    Florida              0  88,072       0  43,418  22,050 153,540      57
                    ------- ------- ------- ------- ------- ------- -------
7    Georgia              0       0  26,304       0  13,607  39,911     101
                    ------- ------- ------- ------- ------- ------- -------
13   Hawaii             289       0   2,063       0     934   3,286     156
                    ------- ------- ------- ------- ------- ------- -------
8    Idaho            2,027       0   3,080       0   1,234   6,341     101
                    ------- ------- ------- ------- ------- ------- -------
9    Illinois             0  20,367       0  10,424  14,989  45,780     115
                    ------- ------- ------- ------- ------- ------- -------
18   Indiana              0   4,413       1   4,262   4,542  13,218     211
                    ------- ------- ------- ------- ------- ------- -------
44   Iowa                 0       0     675       0   1,024   1,699     782
                    ------- ------- ------- ------- ------- ------- -------
31   Kansas               0     434       0     800   2,861   4,095     300
                    ------- ------- ------- ------- ------- ------- -------
41   Kentucky             0     891       0     859   1,298   3,048     630
                    ------- ------- ------- ------- ------- ------- -------
38   Louisiana            0     854       0   2,063   1,008   3,925     480
                    ------- ------- ------- ------- ------- ------- -------
40   Maine                0     172       0     607     342   1,121     625
                    ------- ------- ------- ------- ------- ------- -------
14   Maryland             0   5,218       0   7,044   2,593  14,855     157
                    ------- ------- ------- ------- ------- ------- -------
17   Massachusetts        0   5,359       0   5,195   2,566  13,120     208
                    ------- ------- ------- ------- ------- ------- -------
6    Michigan        11,485       0  15,642       1  18,604  45,732      99
                    ------- ------- ------- ------- ------- ------- -------
26   Minnesota           81       0   3,760       0   5,373   9,214     253
                    ------- ------- ------- ------- ------- ------- -------
45   Mississippi          0       0     611       0     742   1,353     937
                    ------- ------- ------- ------- ------- ------- -------
30   Missouri            22       0   5,206       0   3,852   9,080     293
                    ------- ------- ------- ------- ------- ------- -------
39   Montana              0       0     495       0     402     897     489
                    ------- ------- ------- ------- ------- ------- -------
43   Nebraska           576       0     207       0     255   1,038     758
                    ------- ------- ------- ------- ------- ------- -------
1    Nevada          17,948       0   9,652       0   6,957  34,557      33
                    ------- ------- ------- ------- ------- ------- -------
24   New Hampshire        0       0   1,680       0     908   2,588     231
                    ------- ------- ------- ------- ------- ------- -------
21   New Jersey           0   9,477       0   3,711   2,405  15,593     226
                    ------- ------- ------- ------- ------- ------- -------
28   New Mexico           0   1,826       0     847     665   3,338     261
                    ------- ------- ------- ------- ------- ------- -------
42   New York             0   8,824       0   1,799   1,526  12,149     657
                    ------- ------- ------- ------- ------- ------- -------
37   North Carolina     863       0   3,115       0   5,284   9,262     454
                    ------- ------- ------- ------- ------- ------- -------
48   North Dakota         0       0       0      53      92     145   2,161
                    ------- ------- ------- ------- ------- ------- -------
12   Ohio                 0  15,041       0   7,543  10,637  33,221     153
                    ------- ------- ------- ------- ------- ------- -------
29   Oklahoma             0   2,559       0   1,988   1,139   5,686     288
                    ------- ------- ------- ------- ------- ------- -------
11   Oregon             111       0   8,385       0   3,580  12,076     135
                    ------- ------- ------- ------- ------- ------- -------
36   Pennsylvania         0   5,406       0   5,767   3,536  14,709     374
                    ------- ------- ------- ------- ------- ------- -------
25   Rhode Island         0       0   1,314       0     555   1,869     242
                    ------- ------- ------- ------- ------- ------- -------
19   South Carolina       0   4,376       0   1,614   3,395   9,385     219
                    ------- ------- ------- ------- ------- ------- -------
46   South Dakota         0      65       0     103      60     228   1,585
                    ------- ------- ------- ------- ------- ------- -------
23   Tennessee            0       0   5,517       0   6,453  11,970     230
                    ------- ------- ------- ------- ------- ------- -------
27   Texas               35       0  20,905       0  16,414  37,354     257
                    ------- ------- ------- ------- ------- ------- -------
5    Utah             3,881       0   3,748       0   3,127  10,756      88
                    ------- ------- ------- ------- ------- ------- -------
50   Vermont              0       0       0       0      35      35   8,932
                    ------- ------- ------- ------- ------- ------- -------
22   Virginia            46       0   9,266       0   5,222  14,534     227
                    ------- ------- ------- ------- ------- ------- -------
32   Washington           0       0   5,685       0   3,439   9,124     306
                    ------- ------- ------- ------- ------- ------- -------
49   West Virginia        0       0       8       0     213     221   4,011
                    ------- ------- ------- ------- ------- ------- -------
20   Wisconsin            0   5,415       0   3,160   3,069  11,644     221
                    ------- ------- ------- ------- ------- ------- -------
47   Wyoming              0       0       7       0     139     146   1,688
                    ------- ------- ------- ------- ------- ------- -------



                    Properties with
                      Foreclosure
                        Filings
                    ---------------
                    %Change %Change
Rate State          from Q4 from Q1
Rank Name              09      09
---- ------         ------- -------
     U.S.              7.23   16.02
                    ------- -------
35   Alabama           0.21   78.41*
                    ------- -------
33   Alaska           -0.54   66.42
                    ------- -------
2    Arizona          22.38   13.37
                    ------- -------
16   Arkansas         32.39   36.35
                    ------- -------
4    California        4.73   -6.35
                    ------- -------
10   Colorado          8.99   27.12
                    ------- -------
15   Connecticut      17.44   18.98
                    ------- -------
34   Delaware         15.44   46.26
                    ------- -------
     District of
     Columbia        -16.58  -39.31
                    ------- -------
3    Florida           7.00   28.79
                    ------- -------
7    Georgia          30.54   39.51
                    ------- -------
13   Hawaii            1.42  111.45
                    ------- -------
8    Idaho           -13.56   47.71
                    ------- -------
9    Illinois         -4.62   17.49
                    ------- -------
18   Indiana          11.69    6.11
                    ------- -------
44   Iowa             14.33    8.08
                    ------- -------
31   Kansas           59.34*  60.53*
                    ------- -------
41   Kentucky         -1.65   75.68*
                    ------- -------
38   Louisiana        -4.03   99.14*
                    ------- -------
40   Maine            11.76   44.46
                    ------- -------
14   Maryland        -11.51   59.92
                    ------- -------
17   Massachusetts    12.18   60.14
                    ------- -------
6    Michigan         10.70   37.81**
                    ------- -------
26   Minnesota         0.10   28.45
                    ------- -------
45   Mississippi      -2.87   76.17*
                    ------- -------
30   Missouri          9.52   24.54
                    ------- -------
39   Montana          11.15  486.27*
                    ------- -------
43   Nebraska         85.36* 367.57*
                    ------- -------
1    Nevada           14.98  -16.32
                    ------- -------
24   New Hampshire    26.37   16.31
                    ------- -------
21   New Jersey      -35.07   33.17
                    ------- -------
28   New Mexico        1.12  308.57*
                    ------- -------
42   New York         -1.94   10.28
                    ------- -------
37   North Carolina    0.22   54.68
                    ------- -------
48   North Dakota      1.40   19.83
                    ------- -------
12   Ohio             11.92    5.15
                    ------- -------
29   Oklahoma         14.98   95.26*
                    ------- -------
11   Oregon           21.06   14.50
                    ------- -------
36   Pennsylvania      6.59   24.68
                    ------- -------
25   Rhode Island     -6.36    9.23
                    ------- -------
19   South Carolina   29.43   33.77
                    ------- -------
46   South Dakota    -27.62  137.50*
                    ------- -------
23   Tennessee         7.50   15.52
                    ------- -------
27   Texas            21.97   47.88
                    ------- -------
5    Utah             21.17   75.09
                    ------- -------
50   Vermont         -27.08   66.67
                    ------- -------
22   Virginia          8.94   -1.30
                    ------- -------
32   Washington      -12.42   -6.06
                    ------- -------
49   West Virginia   -27.30  -34.03
                    ------- -------
20   Wisconsin        -3.10   30.68
                    ------- -------
47   Wyoming         -15.12  -32.72
                    ------- -------

*Actual increase may not be as high due to data collection changes or
improvements
**Collection of records classified as NOD began in August 2009 because of
change in state law

        U.S. Foreclosure Market Data by State -- March 2010

                              Properties with Foreclosure Filings
                    -------------------------------------------------------
                                                                    1/every
Rate State                                                           X HU
Rank Name             NOD     LIS     NTS     NFS     REO   Total   (rate)
---- ------         ------- ------- ------- ------- ------- ------- -------
     U.S.            50,450  66,933 117,549  40,556  91,568 367,056     352
                    ------- ------- ------- ------- ------- ------- -------
33   Alabama              0       0   1,337       0     958   2,295     941
                    ------- ------- ------- ------- ------- ------- -------
35   Alaska               1       0     184       0     104     289     980
                    ------- ------- ------- ------- ------- ------- -------
3    Arizona             21       0  11,966       0   6,869  18,856     144
                    ------- ------- ------- ------- ------- ------- -------
16   Arkansas           162       0   1,775       0     632   2,569     505
                    ------- ------- ------- ------- ------- ------- -------
2    California      34,696       0  41,585       0  16,892  93,173     144
                    ------- ------- ------- ------- ------- ------- -------
9    Colorado            11       0   4,100       0   2,141   6,252     344
                    ------- ------- ------- ------- ------- ------- -------
17   Connecticut          0   1,870       0     166     757   2,793     517
                    ------- ------- ------- ------- ------- ------- -------
36   Delaware             0       0       0     220     124     344   1,142
                    ------- ------- ------- ------- ------- ------- -------
     District of
     Columbia             0       0     116       0      40     156   1,829
                    ------- ------- ------- ------- ------- ------- -------
4    Florida              0  30,795       0  19,629   8,643  59,067     149
                    ------- ------- ------- ------- ------- ------- -------
6    Georgia              0       0  12,428       0   5,351  17,779     226
                    ------- ------- ------- ------- ------- ------- -------
15   Hawaii             113       0     654       0     330   1,097     468
                    ------- ------- ------- ------- ------- ------- -------
8    Idaho            1,008       0   1,078       0     387   2,473     259
                    ------- ------- ------- ------- ------- ------- -------
10   Illinois             0   7,012       0   2,763   4,424  14,199     372
                    ------- ------- ------- ------- ------- ------- -------
18   Indiana              0   1,607       0   1,822   1,781   5,210     536
                    ------- ------- ------- ------- ------- ------- -------
44   Iowa                 0       0     313       0     359     672   1,978
                    ------- ------- ------- ------- ------- ------- -------
14   Kansas               0     182       0     338   2,224   2,744     447
                    ------- ------- ------- ------- ------- ------- -------
40   Kentucky             0     493       0     336     515   1,344   1,429
                    ------- ------- ------- ------- ------- ------- -------
39   Louisiana            0     323       0     734     387   1,444   1,304
                    ------- ------- ------- ------- ------- ------- -------
42   Maine                0      84       0     193     129     406   1,725
                    ------- ------- ------- ------- ------- ------- -------
13   Maryland             0   2,533       0   2,015     745   5,293     441
                    ------- ------- ------- ------- ------- ------- -------
23   Massachusetts        0   1,954       0   1,809     865   4,628     591
                    ------- ------- ------- ------- ------- ------- -------
7    Michigan         6,038       0   5,947       0   5,715  17,700     256
                    ------- ------- ------- ------- ------- ------- -------
26   Minnesota           59       0   1,498       0   2,205   3,762     620
                    ------- ------- ------- ------- ------- ------- -------
45   Mississippi          0       0     294       0     224     518   2,446
                    ------- ------- ------- ------- ------- ------- -------
30   Missouri             6       0   2,266       0   1,157   3,429     777
                    ------- ------- ------- ------- ------- ------- -------
38   Montana              0       0     215       0     154     369   1,188
                    ------- ------- ------- ------- ------- ------- -------
41   Nebraska           293       0     116       0     110     519   1,515
                    ------- ------- ------- ------- ------- ------- -------
1    Nevada           6,217       0   5,925       0   2,601  14,743      76
                    ------- ------- ------- ------- ------- ------- -------
28   New Hampshire        0       0     558       0     237     795     751
                    ------- ------- ------- ------- ------- ------- -------
22   New Jersey           0   3,671       0   1,524     803   5,998     586
                    ------- ------- ------- ------- ------- ------- -------
31   New Mexico           0     463       0     267     286   1,016     858
                    ------- ------- ------- ------- ------- ------- -------
43   New York             0   3,167       0     583     465   4,215   1,893
                    ------- ------- ------- ------- ------- ------- -------
37   North Carolina     390       0   1,403       0   1,760   3,553   1,182
                    ------- ------- ------- ------- ------- ------- -------
48   North Dakota         0       0       0      26      29      55   5,697
                    ------- ------- ------- ------- ------- ------- -------
11   Ohio                 0   6,049       0   2,936   3,864  12,849     395
                    ------- ------- ------- ------- ------- ------- -------
29   Oklahoma             0   1,024       0     648     445   2,117     773
                    ------- ------- ------- ------- ------- ------- -------
12   Oregon              39       0   2,993       0   1,061   4,093     398
                    ------- ------- ------- ------- ------- ------- -------
34   Pennsylvania         0   2,095       0   2,360   1,209   5,664     970
                    ------- ------- ------- ------- ------- ------- -------
27   Rhode Island         0       0     528       0     196     724     624
                    ------- ------- ------- ------- ------- ------- -------
19   South Carolina       0   1,719       0     792   1,288   3,799     541
                    ------- ------- ------- ------- ------- ------- -------
47   South Dakota         0      27       0      36      23      86   4,203
                    ------- ------- ------- ------- ------- ------- -------
21   Tennessee            0       0   2,298       0   2,492   4,790     576
                    ------- ------- ------- ------- ------- ------- -------
25   Texas               12       0  10,420       0   5,120  15,552     617
                    ------- ------- ------- ------- ------- ------- -------
5    Utah             1,364       0   1,575       0   1,269   4,208     224
                    ------- ------- ------- ------- ------- ------- -------
50   Vermont              0       0       0       0      12      12  26,051
                    ------- ------- ------- ------- ------- ------- -------
20   Virginia            20       0   3,812       0   2,092   5,924     558
                    ------- ------- ------- ------- ------- ------- -------
32   Washington           0       0   2,154       0     963   3,117     896
                    ------- ------- ------- ------- ------- ------- -------
49   West Virginia        0       0       5       0      68      73  12,143
                    ------- ------- ------- ------- ------- ------- -------
24   Wisconsin            0   1,865       0   1,359   1,008   4,232     607
                    ------- ------- ------- ------- ------- ------- -------
46   Wyoming              0       0       6       0      55      61   4,039
                    ------- ------- ------- ------- ------- ------- -------



                    Properties with
                      Foreclosure
                        Filings
                    ---------------
                    %Change %Change
Rate State           from    from
Rank Name           Feb 10  Mar 09
---- ------         ------- -------
     U.S.             18.97    7.58
                    ------- -------
33   Alabama           0.17    1.55
                    ------- -------
35   Alaska          -11.89   29.02
                    ------- -------
3    Arizona          12.79   -0.11
                    ------- -------
16   Arkansas         27.81   33.59
                    ------- -------
2    California       35.90  -13.56
                    ------- -------
9    Colorado         21.30   12.04
                    ------- -------
17   Connecticut      21.75   -3.19
                    ------- -------
36   Delaware         10.26  -20.19
                    ------- -------
     District of
     Columbia        -12.36  -52.44
                    ------- -------
4    Florida           9.32   25.33
                    ------- -------
6    Georgia          46.00   33.02
                    ------- -------
15   Hawaii           12.86   51.52
                    ------- -------
8    Idaho            14.12   28.74
                    ------- -------
10   Illinois        -17.98   -7.79
                    ------- -------
18   Indiana          19.47    1.64
                    ------- -------
44   Iowa             28.24   38.27
                    ------- -------
14   Kansas          245.59* 225.12*
                    ------- -------
40   Kentucky         65.52* 113.00*
                    ------- -------
39   Louisiana         3.22   52.48*
                    ------- -------
42   Maine             7.41   63.05
                    ------- -------
13   Maryland         -7.66   58.76
                    ------- -------
23   Massachusetts     1.62   73.20
                    ------- -------
7    Michigan        -11.62   42.55**
                    ------- -------
26   Minnesota        25.11   22.26
                    ------- -------
45   Mississippi      24.52  134.39*
                    ------- -------
30   Missouri         13.77   26.30
                    ------- -------
38   Montana         152.74* 495.16*
                    ------- -------
41   Nebraska        174.60* 183.61*
                    ------- -------
1    Nevada           33.60  -25.72
                    ------- -------
28   New Hampshire    -4.33   -3.52
                    ------- -------
22   New Jersey       59.95   31.25
                    ------- -------
31   New Mexico      -12.41  193.64*
                    ------- -------
43   New York         30.21   -6.52
                    ------- -------
37   North Carolina   13.12   79.72
                    ------- -------
48   North Dakota    -11.29    3.77
                    ------- -------
11   Ohio             13.85    1.89
                    ------- -------
29   Oklahoma         12.13   89.19*
                    ------- -------
12   Oregon           23.58   20.81
                    ------- -------
34   Pennsylvania     37.04   14.59
                    ------- -------
27   Rhode Island     16.96   14.38
                    ------- -------
19   South Carolina   22.00   60.57
                    ------- -------
47   South Dakota    -35.34  244.00*
                    ------- -------
21   Tennessee        29.74    8.35
                    ------- -------
25   Texas            23.06   46.50
                    ------- -------
5    Utah             22.68   36.40
                    ------- -------
50   Vermont          50.00  200.00
                    ------- -------
20   Virginia         34.54    2.94
                    ------- -------
32   Washington       16.74  -26.42
                    ------- -------
49   West Virginia    -1.35  -54.94
                    ------- -------
24   Wisconsin         5.96   11.02
                    ------- -------
46   Wyoming          15.09  -23.75
                    ------- -------

*Actual increase may not be as high due to data collection changes or
improvements
**Collection of records classified as NOD began in August 2009 because of
change in state law

About RealtyTrac, Inc.

RealtyTrac (www.realtytrac.com) is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting more than 3 million unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate. RealtyTrac's foreclosure data has also been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.

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