SOURCE: RealtyTrac

RealtyTrac

October 15, 2009 00:00 ET

Foreclosure Activity Increases 5 Percent in Third Quarter According to RealtyTrac® U.S. Foreclosure Market Report

U.S. Foreclosure Activity Sets New Quarterly Record, up 23 Percent From Q3 2008

IRVINE, CA--(Marketwire - October 15, 2009) - RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for Q3 2009, which shows that foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 937,840 properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008. One in every 136 U.S. housing units received a foreclosure filing during the quarter -- the highest quarterly foreclosure rate since RealtyTrac began issuing its report in the first quarter of 2005.

Foreclosure filings were reported on 343,638 properties in September, a 4 percent decrease from the previous month but a 29 percent increase from September 2008. Despite the monthly decrease, September's total was still the third highest monthly total since the RealtyTrac report began in January 2005, behind only July and August of this year.

"Bank repossessions, or REOs, jumped 21 percent from the second quarter to the third quarter, corresponding to jumps in defaults and scheduled auctions in the previous two quarters," said James J. Saccacio, chief executive officer of RealtyTrac. "REO activity increased from the previous quarter in all but two states and the District of Columbia, indicating that lenders may be starting to work through some of the pent-up foreclosure inventory caused by legislative delays, loan modification efforts and high volumes of distressed properties."

Nevada, Arizona, California post top state foreclosure rates in third quarter

Nevada continued to document the nation's highest state foreclosure rate in the third quarter, with one in 23 housing units receiving a foreclosure filing -- nearly six times the national average. Foreclosure filings were reported on 47,925 Nevada properties during the quarter, an increase of nearly 10 percent from the previous quarter and an increase of nearly 59 percent from the third quarter of 2008. Nevada REO activity in the third quarter increased 29 percent from the previous quarter and scheduled auctions increased 26 percent from the previous quarter, but defaults decreased 8 percent from the previous quarter.

Arizona posted the nation's second highest state foreclosure rate in the third quarter, with one in every 53 housing units receiving a foreclosure filing, and California posted the nation's third highest state foreclosure rate, also with one in every 53 housing units receiving a foreclosure filing during the quarter.

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

Six states account for more than 60 percent of nation's third quarter total

California, Florida, Arizona, Nevada, Illinois and Michigan accounted for 62 percent of the nation's total foreclosure activity in the third quarter, with 579,541 properties receiving foreclosure filings in the six states combined.

With 250,054 properties receiving foreclosure filings during the quarter, California accounted for nearly 27 percent of the nation's total. The state's foreclosure activity decreased nearly 2 percent from the previous quarter thanks to a 10 percent drop in default notices, but scheduled auctions increased 4 percent from the previous quarter and REOs increased 12 percent from the previous quarter.

Florida foreclosure activity decreased less than 1 percent from the previous quarter, but the state still posted the second highest foreclosure activity total for the third quarter. Foreclosure filings were reported on 156,924 Florida properties, a 23 percent increase from Q3 2008. Default notices in Florida decreased 6 percent from the previous quarter while scheduled auctions increased 5 percent from the previous quarter and REOs increased 16 percent from the previous quarter.

Arizona posted the nation's third highest foreclosure activity total in the third quarter, with 50,342 properties receiving a foreclosure filing during the quarter -- a 5 percent increase from the previous quarter and a 25 percent increase from Q3 2008.

Nevada posted the nation's fourth highest foreclosure activity total, with 47,925 properties receiving a foreclosure filing in the third quarter, followed by Illinois, with 37,270 properties receiving a foreclosure filing, and Michigan, with 37,026 properties receiving a foreclosure filing. All three states reported increasing foreclosure activity from the previous quarter and from Q3 2008.

Other states with foreclosure activity totals among the nation's 10 highest were Georgia (33,385), Texas (29,838), Ohio (29,645), and New Jersey (18,108).

Report methodology

The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the month or quarter -- broken out by type of filing at the state and national level. Data is also available at the individual county level for both Q1 2009 and March 2009. 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). If more than one foreclosure document is filed against a property during the month or quarter, only the most recent filing is counted in the report.


             U.S. Foreclosure Market Data by State -- Q3 2009


                                  Properties with Foreclosure Filings
Rate
Rank       State Name         NOD     LIS     NTS     NFS     REO    Total
----  --------------------  ------- ------- ------- ------- ------- -------
      U.S.                  153,255 188,986 263,957  94,590 237,052 937,840
----  --------------------  ------- ------- ------- ------- ------- -------
31    Alabama                     8       0   3,808       0   2,135   5,951
----  --------------------  ------- ------- ------- ------- ------- -------
33    Alaska                      9       0     534       0     221     764
----  --------------------  ------- ------- ------- ------- ------- -------
2     Arizona                    20       0  36,176       0  14,146  50,342
----  --------------------  ------- ------- ------- ------- ------- -------
21    Arkansas                  339       0   3,002       0   1,837   5,178
----  --------------------  ------- ------- ------- ------- ------- -------
3     California            111,741       1  87,377       0  50,935 250,054
----  --------------------  ------- ------- ------- ------- ------- -------
9     Colorado                   41       0  11,437       0   4,787  16,265
----  --------------------  ------- ------- ------- ------- ------- -------
25    Connecticut                 0   3,422       0     408   1,283   5,113
----  --------------------  ------- ------- ------- ------- ------- -------
38    Delaware                    0       4       0     483     291     778
----  --------------------  ------- ------- ------- ------- ------- -------
      District of Columbia      405       0     619       0     159   1,183
----  --------------------  ------- ------- ------- ------- ------- -------
4     Florida                     1  95,790       1  39,403  21,729 156,924
----  --------------------  ------- ------- ------- ------- ------- -------
7     Georgia                    53       1  22,088       0  11,243  33,385
----  --------------------  ------- ------- ------- ------- ------- -------
14    Hawaii                    449       0   1,499       0     795   2,743
----  --------------------  ------- ------- ------- ------- ------- -------
5     Idaho                   2,916       0   3,021       0     594   6,531
----  --------------------  ------- ------- ------- ------- ------- -------
10    Illinois                    0  18,585       1   8,980   9,704  37,270
----  --------------------  ------- ------- ------- ------- ------- -------
20    Indiana                     0   2,362       0   4,504   5,235  12,101
----  --------------------  ------- ------- ------- ------- ------- -------
43    Iowa                        1       0     658       0   1,292   1,951
----  --------------------  ------- ------- ------- ------- ------- -------
31    Kansas                      0     538       0   1,129   1,735   3,402
----  --------------------  ------- ------- ------- ------- ------- -------
41    Kentucky                    1   1,050       0   1,126   1,102   3,279
----  --------------------  ------- ------- ------- ------- ------- -------
37    Louisiana                   0     762       0   2,092   1,132   3,986
----  --------------------  ------- ------- ------- ------- ------- -------
42    Maine                       0     234       0     577     242   1,053
----  --------------------  ------- ------- ------- ------- ------- -------
12    Maryland                    3   6,795       0   5,795   2,210  14,803
----  --------------------  ------- ------- ------- ------- ------- -------
17    Massachusetts               1   7,779       0   3,159   1,728  12,667
----  --------------------  ------- ------- ------- ------- ------- -------
8     Michigan               11,454       0  10,575       0  14,997  37,026
----  --------------------  ------- ------- ------- ------- ------- -------
18    Minnesota                  31       0   5,450       0   5,139  10,620
----  --------------------  ------- ------- ------- ------- ------- -------
40    Mississippi                 4       1     841       0   1,374   2,220
----  --------------------  ------- ------- ------- ------- ------- -------
30    Missouri                   24       0   4,470       0   3,398   7,892
----  --------------------  ------- ------- ------- ------- ------- -------
47    Montana                     1       0      19       0     273     293
----  --------------------  ------- ------- ------- ------- ------- -------
45    Nebraska                  241     247      12       6     229     735
----  --------------------  ------- ------- ------- ------- ------- -------
1     Nevada                 19,949       0  16,329       0  11,647  47,925
----  --------------------  ------- ------- ------- ------- ------- -------
27    New Hampshire              14       0   1,372       0     558   1,944
----  --------------------  ------- ------- ------- ------- ------- -------
15    New Jersey                  0  11,816       0   3,878   2,414  18,108
----  --------------------  ------- ------- ------- ------- ------- -------
35    New Mexico                  0     890       0     837     456   2,183
----  --------------------  ------- ------- ------- ------- ------- -------
39    New York                    0  11,048       1   2,316   1,877  15,242
----  --------------------  ------- ------- ------- ------- ------- -------
36    North Carolina          1,028       4   4,158       0   4,628   9,818
----  --------------------  ------- ------- ------- ------- ------- -------
49    North Dakota                0       3       0      59      52     114
----  --------------------  ------- ------- ------- ------- ------- -------
13    Ohio                        0  12,137       0   8,707   8,801  29,645
----  --------------------  ------- ------- ------- ------- ------- -------
29    Oklahoma                  744     843     396   1,980   1,069   5,032
----  --------------------  ------- ------- ------- ------- ------- -------
11    Oregon                    108       2   7,033       0   3,175  10,318
----  --------------------  ------- ------- ------- ------- ------- -------
34    Pennsylvania                1   4,961       0   5,232   3,973  14,167
----  --------------------  ------- ------- ------- ------- ------- -------
26    Rhode Island                1       0     871       0     682   1,554
----  --------------------  ------- ------- ------- ------- ------- -------
24    South Carolina              1   3,695       1   1,153   2,696   7,546
----  --------------------  ------- ------- ------- ------- ------- -------
44    South Dakota                0     110       0     105     149     364
----  --------------------  ------- ------- ------- ------- ------- -------
22    Tennessee                   4       1   4,730       0   6,153  10,888
----  --------------------  ------- ------- ------- ------- ------- -------
28    Texas                      86       4  17,256       0  12,492  29,838
----  --------------------  ------- ------- ------- ------- ------- -------
6     Utah                    3,515       0   3,564       0   2,474   9,553
----  --------------------  ------- ------- ------- ------- ------- -------
50    Vermont                     2       1       7       0      52      62
----  --------------------  ------- ------- ------- ------- ------- -------
16    Virginia                   51       1  10,136       0   6,499  16,687
----  --------------------  ------- ------- ------- ------- ------- -------
23    Washington                  0       0   6,142       0   4,233  10,375
----  --------------------  ------- ------- ------- ------- ------- -------
48    West Virginia               6       0     287       0     277     570
----  --------------------  ------- ------- ------- ------- ------- -------
19    Wisconsin                   1   5,899       0   2,661   2,620  11,181
----  --------------------  ------- ------- ------- ------- ------- -------
46    Wyoming                     1       0      86       0     130     217
----  --------------------  ------- ------- ------- ------- ------- -------


                            Properties with Foreclosure Filings

Rate                         1/every X   % change    % change
Rank       State Name        HU (rate)  from Q2 09  from Q3 08
----  --------------------  ----------  ----------  ----------
      U.S.                         136        5.40       22.50
----  --------------------  ----------  ----------  ----------
31    Alabama                      359       -7.07      173.86*
----  --------------------  ----------  ----------  ----------
33    Alaska                       369       29.93       36.43
----  --------------------  ----------  ----------  ----------
2     Arizona                       53        5.07       24.55
----  --------------------  ----------  ----------  ----------
21    Arkansas                     249       11.59       39.61*
----  --------------------  ----------  ----------  ----------
3     California                    53       -1.52       18.60
----  --------------------  ----------  ----------  ----------
9     Colorado                     131       11.43       12.53
----  --------------------  ----------  ----------  ----------
25    Connecticut                  281       68.86       10.00
----  --------------------  ----------  ----------  ----------
38    Delaware                     500       -8.79      -11.69
----  --------------------  ----------  ----------  ----------
      District of Columbia         240       19.37      -11.05
----  --------------------  ----------  ----------  ----------
4     Florida                       56       -0.71       23.27
----  --------------------  ----------  ----------  ----------
7     Georgia                      119        6.69       25.06
----  --------------------  ----------  ----------  ----------
14    Hawaii                       185       29.02      141.46
----  --------------------  ----------  ----------  ----------
5     Idaho                         97       28.06      153.53*
----  --------------------  ----------  ----------  ----------
10    Illinois                     141       13.68      30.29
----  --------------------  ----------  ----------  ----------
20    Indiana                      230      -12.75      -15.77
----  --------------------  ----------  ----------  ----------
43    Iowa                         681       17.81       31.91*
----  --------------------  ----------  ----------  ----------
31    Kansas                       358       39.71       47.08
----  --------------------  ----------  ----------  ----------
41    Kentucky                     581       15.30       12.45
----  --------------------  ----------  ----------  ----------
37    Louisiana                    466       21.30*      98.70*
----  --------------------  ----------  ----------  ----------
42    Maine                        662       27.02       33.12
----  --------------------  ----------  ----------  ----------
12    Maryland                     157       58.83       85.64
----  --------------------  ----------  ----------  ----------
17    Massachusetts                215       17.53       34.81
----  --------------------  ----------  ----------  ----------
8     Michigan                     122        9.50**     22.31**
----  --------------------  ----------  ----------  ----------
18    Minnesota                    217       16.27      100.26
----  --------------------  ----------  ----------  ----------
40    Mississippi                  565       50.51*     241.01*
----  --------------------  ----------  ----------  ----------
30    Missouri                     335        8.26      -11.17†
----  --------------------  ----------  ----------  ----------
47    Montana                    1,486       94.04       -6.69
----  --------------------  ----------  ----------  ----------
45    Nebraska                   1,062       75.84*     -29.67
----  --------------------  ----------  ----------  ----------
1     Nevada                        23        9.68       58.88
----  --------------------  ----------  ----------  ----------
27    New Hampshire                306       -5.08       -2.21
----  --------------------  ----------  ----------  ----------
15    New Jersey                   193       44.59        1.20
----  --------------------  ----------  ----------  ----------
35    New Mexico                   395        9.20       84.69*
----  --------------------  ----------  ----------  ----------
39    New York                     521       11.55        5.28
----  --------------------  ----------  ----------  ----------
36    North Carolina               420       28.86       -5.99
----  --------------------  ----------  ----------  ----------
49    North Dakota               2,724       29.55      -20.28
----  --------------------  ----------  ----------  ----------
13    Ohio                         171       -4.73      -11.71
----  --------------------  ----------  ----------  ----------
29    Oklahoma                     323       64.66*      22.02*
----  --------------------  ----------  ----------  ----------
11    Oregon                       156        7.09       76.59
----  --------------------  ----------  ----------  ----------
34    Pennsylvania                 387        7.16       15.48
----  --------------------  ----------  ----------  ----------
26    Rhode Island                 290       -6.33       -2.75
----  --------------------  ----------  ----------  ----------
24    South Carolina               268       10.99       59.74
----  --------------------  ----------  ----------  ----------
44    South Dakota                 981      127.50      205.88
----  --------------------  ----------  ----------  ----------
22    Tennessee                    250        3.92       -9.09††
----  --------------------  ----------  ----------  ----------
28    Texas                        316       11.27        8.72
----  --------------------  ----------  ----------  ----------
6     Utah                          97       13.24       96.28
----  --------------------  ----------  ----------  ----------
50    Vermont                    5,023      342.86      169.57
----  --------------------  ----------  ----------  ----------
16    Virginia                     196        8.24        4.14†
----  --------------------  ----------  ----------  ----------
23    Washington                   264       -7.32       33.00
----  --------------------  ----------  ----------  ----------
48    West Virginia              1,549       67.16*     356.00*
----  --------------------  ----------  ----------  ----------
19    Wisconsin                    229       11.17      105.16
----  --------------------  ----------  ----------  ----------
46    Wyoming                    1,117       -4.82      -14.90
----  --------------------  ----------  ----------  ----------

*  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
†  Collection of some records previously classified as NOD in this state
   was discontinued starting in January 2009
†† Collection of some records previously classified as NOD in this state
   was discontinued starting in September 2008




          U.S. Foreclosure Market Data by State -- September 2009


                                  Properties with Foreclosure Filings
Rate
Rank       State Name         NOD     LIS     NTS     NFS     REO    Total
----  --------------------  ------- ------- ------- ------- ------- -------
      U.S.                   56,979  65,186  97,925  35,727  87,821 343,638
----  --------------------  ------- ------- ------- ------- ------- -------
31    Alabama                     2       0   1,056       0   1,354   2,412
----  --------------------  ------- ------- ------- ------- ------- -------
38    Alaska                      4       0     165       0      56     225
----  --------------------  ------- ------- ------- ------- ------- -------
4     Arizona                     7       0  10,830       0   4,090  14,927
----  --------------------  ------- ------- ------- ------- ------- -------
27    Arkansas                  120       0   1,044       0     522   1,686
----  --------------------  ------- ------- ------- ------- ------- -------
2     California             38,573       0  31,453       0  16,311  86,337
----  --------------------  ------- ------- ------- ------- ------- -------
9     Colorado                   15       0   4,242       0   1,955   6,212
----  --------------------  ------- ------- ------- ------- ------- -------
24    Connecticut                 0   1,415       0      94     625   2,134
----  --------------------  ------- ------- ------- ------- ------- -------
43    Delaware                    0       2       0     106     105     213
----  --------------------  ------- ------- ------- ------- ------- -------
      District of Columbia       99       0     219       0     102     420
----  --------------------  ------- ------- ------- ------- ------- -------
3     Florida                     0  32,219       0  13,707   9,110  55,036
----  --------------------  ------- ------- ------- ------- ------- -------
7     Georgia                    39       0  10,245       0   4,688  14,972
----  --------------------  ------- ------- ------- ------- ------- -------
15    Hawaii                    162       0     598       0     209     969
----  --------------------  ------- ------- ------- ------- ------- -------
5     Idaho                   1,122       0   1,051       0     356   2,529
----  --------------------  ------- ------- ------- ------- ------- -------
11    Illinois                    0   7,174       0   2,286   3,311  12,771
----  --------------------  ------- ------- ------- ------- ------- -------
20    Indiana                     0     864       0   1,379   2,210   4,453
----  --------------------  ------- ------- ------- ------- ------- -------
42    Iowa                        0       0     234       0     540     774
----  --------------------  ------- ------- ------- ------- ------- -------
33    Kansas                      0     243       0     443     586   1,272
----  --------------------  ------- ------- ------- ------- ------- -------
40    Kentucky                    0     346       0     427     518   1,291
----  --------------------  ------- ------- ------- ------- ------- -------
37    Louisiana                   0     354       0     641     654   1,649
----  --------------------  ------- ------- ------- ------- ------- -------
41    Maine                       0      58       0     201     149     408
----  --------------------  ------- ------- ------- ------- ------- -------
10    Maryland                    0   2,527       0   3,359     865   6,751
----  --------------------  ------- ------- ------- ------- ------- -------
18    Massachusetts               0   2,481       0   1,537     599   4,617
----  --------------------  ------- ------- ------- ------- ------- -------
8     Michigan                6,144       0   5,122       0   5,501  16,767
----  --------------------  ------- ------- ------- ------- ------- -------
23    Minnesota                  15       0   1,632       0   1,850   3,497
----  --------------------  ------- ------- ------- ------- ------- -------
30    Mississippi                 2       0     217       0   1,198   1,417
----  --------------------  ------- ------- ------- ------- ------- -------
29    Missouri                    4       0   1,763       0   1,387   3,154
----  --------------------  ------- ------- ------- ------- ------- -------
48    Montana                     0       0       0       0     109     109
----  --------------------  ------- ------- ------- ------- ------- -------
44    Nebraska                  175       0       2       0     178     355
----  --------------------  ------- ------- ------- ------- ------- -------
1     Nevada                  8,568       0   6,327       0   3,871  18,766
----  --------------------  ------- ------- ------- ------- ------- -------
26    New Hampshire               0       0     463       0     318     781
----  --------------------  ------- ------- ------- ------- ------- -------
22    New Jersey                  0   3,048       0   1,353     966   5,367
----  --------------------  ------- ------- ------- ------- ------- -------
35    New Mexico                  0     270       0     298     230     798
----  --------------------  ------- ------- ------- ------- ------- -------
39    New York                    0   3,902       0     824     967   5,693
----  --------------------  ------- ------- ------- ------- ------- -------
36    North Carolina            455       0   1,396       0   1,884   3,735
----  --------------------  ------- ------- ------- ------- ------- -------
49    North Dakota                0       0       0      20      14      34
----  --------------------  ------- ------- ------- ------- ------- -------
14    Ohio                        0   3,971       0   3,613   3,349  10,933
----  --------------------  ------- ------- ------- ------- ------- -------
16    Oklahoma                    0     734       0   1,739     540   3,013
----  --------------------  ------- ------- ------- ------- ------- -------
13    Oregon                     50       0   2,276       0   1,156   3,482
----  --------------------  ------- ------- ------- ------- ------- -------
34    Pennsylvania                0   1,748       0   2,131   1,615   5,494
----  --------------------  ------- ------- ------- ------- ------- -------
12    Rhode Island                1       0     614       0     366     981
----  --------------------  ------- ------- ------- ------- ------- -------
21    South Carolina              0   1,593       0     581   1,057   3,231
----  --------------------  ------- ------- ------- ------- ------- -------
47    South Dakota                0      12       0      42      73     127
----  --------------------  ------- ------- ------- ------- ------- -------
28    Tennessee                   3       0   1,597       0   1,931   3,531
----  --------------------  ------- ------- ------- ------- ------- -------
25    Texas                      25       0   8,506       0   4,685  13,216
----  --------------------  ------- ------- ------- ------- ------- -------
6     Utah                    1,357       0   1,352       0     973   3,682
----  --------------------  ------- ------- ------- ------- ------- -------
50    Vermont                     0       0       4       0      28      32
----  --------------------  ------- ------- ------- ------- ------- -------
17    Virginia                   30       0   3,697       0   2,028   5,755
----  --------------------  ------- ------- ------- ------- ------- -------
32    Washington                  0       0   1,684       0   1,372   3,056
----  --------------------  ------- ------- ------- ------- ------- -------
46    West Virginia               6       0      96       0     220     322
----  --------------------  ------- ------- ------- ------- ------- -------
19    Wisconsin                   0   2,225       0     946     983   4,154
----  --------------------  ------- ------- ------- ------- ------- -------
45    Wyoming                     1       0      40       0      57      98
----  --------------------  ------- ------- ------- ------- ------- -------


                        Properties with Foreclosure Filings

Rate                         % change     % change
Rank       State Name       from Aug 09  from Sep 08
----  --------------------  -----------  -----------
      U.S.                        -4.14        29.20
----  --------------------  -----------  -----------
31    Alabama                     21.63       233.15*
----  --------------------  -----------  -----------
38    Alaska                      -8.91         9.22
----  --------------------  -----------  -----------
4     Arizona                    -16.17        14.98
----  --------------------  -----------  -----------
27    Arkansas                   -11.26         4.07
----  --------------------  -----------  -----------
2     California                  -6.49        24.14
----  --------------------  -----------  -----------
9     Colorado                    -4.02        42.97
----  --------------------  -----------  -----------
24    Connecticut                 -2.91        61.91
----  --------------------  -----------  -----------
43    Delaware                   -32.17       -50.35
----  --------------------  -----------  -----------
      District of Columbia        -7.08       100.96
----  --------------------  -----------  -----------
3     Florida                    -11.80        14.76
----  --------------------  -----------  -----------
7     Georgia                     25.32        61.01
----  --------------------  -----------  -----------
15    Hawaii                      11.51        63.13
----  --------------------  -----------  -----------
5     Idaho                       -3.47       135.91*
----  --------------------  -----------  -----------
11    Illinois                    -2.35        25.16
----  --------------------  -----------  -----------
20    Indiana                    -30.66       -22.49
----  --------------------  -----------  -----------
42    Iowa                         6.76       100.52*
----  --------------------  -----------  -----------
33    Kansas                      20.45        22.43
----  --------------------  -----------  -----------
40    Kentucky                    17.26        62.59
----  --------------------  -----------  -----------
37    Louisiana                    1.17       247.89*
----  --------------------  -----------  -----------
41    Maine                       29.94        25.54
----  --------------------  -----------  -----------
10    Maryland                    22.95       200.45
----  --------------------  -----------  -----------
18    Massachusetts              -21.88        15.95
----  --------------------  -----------  -----------
8     Michigan                   -13.39        58.88
----  --------------------  -----------  -----------
23    Minnesota                   -5.18        63.11
----  --------------------  -----------  -----------
30    Mississippi                187.42*      400.71*
----  --------------------  -----------  -----------
29    Missouri                    26.26         8.76†
----  --------------------  -----------  -----------
48    Montana                      9.00       159.52
----  --------------------  -----------  -----------
44    Nebraska                    59.91*      834.21*
----  --------------------  -----------  -----------
1     Nevada                       4.83        44.11
----  --------------------  -----------  -----------
26    New Hampshire              -32.90        51.65
----  --------------------  -----------  -----------
22    New Jersey                 -35.46       -29.92
----  --------------------  -----------  -----------
35    New Mexico                   8.42       229.75*
----  --------------------  -----------  -----------
39    New York                     6.41        71.37
----  --------------------  -----------  -----------
36    North Carolina             -13.48        50.79
----  --------------------  -----------  -----------
49    North Dakota                 3.03        -5.56
----  --------------------  -----------  -----------
14    Ohio                        -3.83        -4.68
----  --------------------  -----------  -----------
16    Oklahoma                   131.41*      135.94*
----  --------------------  -----------  -----------
13    Oregon                      -2.00        48.55
----  --------------------  -----------  -----------
34    Pennsylvania                -4.72        31.15
----  --------------------  -----------  -----------
12    Rhode Island                10.35        59.25
----  --------------------  -----------  -----------
21    South Carolina              30.55        46.73
----  --------------------  -----------  -----------
47    South Dakota                 7.63       149.02
----  --------------------  -----------  -----------
28    Tennessee                  -15.93       -13.84
----  --------------------  -----------  -----------
25    Texas                       17.36        43.76
----  --------------------  -----------  -----------
6     Utah                        12.36       110.88
----  --------------------  -----------  -----------
50    Vermont                     -3.03       433.33
----  --------------------  -----------  -----------
17    Virginia                    -3.67       -10.04†
----  --------------------  -----------  -----------
32    Washington                  15.02        56.56
----  --------------------  -----------  -----------
46    West Virginia              125.17*      395.38*
----  --------------------  -----------  -----------
19    Wisconsin                    4.77       169.04
----  --------------------  -----------  -----------
45    Wyoming                    100.00        11.36
----  --------------------  -----------  -----------

* Actual increase may not be as high due to data collection changes
  or improvements
† Collection of some records previously classified as NOD in this state
  was discontinued starting in January 2009


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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