AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
RealtyTrac '06 Report: CO, GA and NV Post Highest Rates.
According to RealtyTrac's 2006 U.S. Foreclosure Market Report, 1.2 million foreclosure filings were reported nationwide during the year, up 42% from 2005 and a foreclosure rate of one foreclosure filing for every 92 U.S. households.
"While foreclosures are not at historically high levels a 42% year-over-year increase is certainly noteworthy," said James J. Saccacio, chief executive officer of RealtyTrac. "The increase in the number of properties in foreclosure was driven partly by the general slowing of overall housing sales, and partly by the impact of monthly mortgage payments increasing dramatically for homeowners who held some riskier types of adjustable rate and subprime mortgages. As more and more of these loans reset, we saw a surge to finish the year with the fourth quarter producing more foreclosure filings than any of the three previous quarters."
Colorado documented the nation's highest state foreclosure rate for the year, one foreclosure filing for every 33 households, or 3% of the state's households,. The state reported a total of 54,747 foreclosure filings during the year, an 85% increase from 2005 and the eighth highest total among all the states.
Georgia and Nevada both reported one foreclosure filing for every 41 households in 2006, but Georgia edged out Nevada with a slightly higher percentage of households in foreclosure, 2.5% compared to 2.4% in Nevada. Georgia reported a total of 75,975 foreclosure filings during the year, the sixth most of any state and a 67% year-over-year increase. Nevada foreclosures surged in the fourth quarter, pushing the its total for the year to 21,045, nearly three times the number reported in 2005.
Texas reported 156,876 foreclosure filings for the year, the most of any state and nearly 13% of the national total. The state consistently reported big foreclosure numbers throughout 2006, documenting the highest monthly total eight times, and foreclosures for the year were up more than 14% from 2005. Its foreclosure total represented nearly 2% of the state's households, or one foreclosure filing for every 51 households, giving the state the nation's fourth highest ...
- More Than 430,000 Foreclosure Filings Reported in Q1 According to...
- Press release article from: PR Newswire April 25, 2007 700+ words
...Colorado foreclosure filings totaled 16...highest state foreclosure rate -- one foreclosure...45,156 foreclosure filings during the...documented a foreclosure rate of one foreclosure...16,351 foreclosure filings during the quarter, a foreclosure ...
- EDITORIAL: Ohio, beware: The foreclosure rate soared last year. It will again...
- Newspaper article from: Akron Beacon Journal (Akron, OH) April 1, 2007 700+ words
...with one of the nation's highest poverty rates, led the state in foreclosure filings per person. Delaware County, part of suburban Columbus, saw its foreclosure rate soar 49.7 percent. In Summit County, the increase tracked at 29...
- CORRECTION: Summit County, Ohio, Foreclosure Rate Leaps in 2002.
- Newspaper article from: Knight Ridder/Tribune Business News March 13, 2003 700+ words
...Ohio, Foreclosure Rate Leaps in...number of foreclosure filings has grown...County, the foreclosure rate appears to...year's foreclosure filings of 2,912...Ohio's foreclosure rate also far...
- Summit County, Ohio, Foreclosure Rate Leaps in 2001.
- Newspaper article from: Knight Ridder/Tribune Business News March 13, 2003 700+ words
...number of foreclosure filings has grown...where the foreclosure rate is more than...County, the foreclosure rate appears to...year's foreclosure filings of 2,912...Ohio's foreclosure rate also far...
- Foreclosure filings decrease from July to August
- Newspaper article from: Charleston Gazette Adrian Sainz September 10, 2009 700+ words
...had the nation's highest foreclosure rate for the 32nd-straight month...completed the top 10 states for foreclosure filings. Among cities with at least...Las Vegas had the highest foreclosure rate, followed by the California...
- Colorado Was Nation's Top Foreclosure Rate State.
- News wire article from: Mortgage Line February 20, 2008 700+ words
...national foreclosure rate of one new...households. "New foreclosure filings surpassed...most new foreclosure filings of any state...month and a foreclosure rate of one new...most new foreclosure filings in 2006...
- Foreclosed Victorville homes go on block: California's foreclosure rate is...
- Newspaper article from: Daily Press (Victorville, CA) June 13, 2007 700+ words
...According to RealtyTrac, the state recorded 30,505 foreclosure filings in April, more than any other state for the fourth month in a row, while California's foreclosure rate is nearly twice the national average. "Because of huge...
- 1.9 Million Foreclosure Filings Reported on More Than 1.5 Million U.S....
- Newspaper article from: U.S. Newswire July 16, 2009 700+ words
...of 1,905,723 foreclosure filings -- default notices...half of the year. Foreclosure filings were reported on...quarter of 2005. Foreclosure filings were reported on...nation's highest foreclosure rate during the six...
