Texas Foreclosure Activity Down 16.11 Percent From March 2007
April 15, 2008
RealtyTrac®, today released its March 2008 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 234,685 properties nationwide during the month, a 5 percent increase from the previous month and a 57 percent increase from March 2007. The report also shows one in every 538 U.S. households received a foreclosure filing during the month.
“The March numbers show that overall foreclosure activity so far this year continues to run nearly 60 percent above the levels we saw last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “On a year-over-year basis, default notices were up nearly 57 percent and bank repossessions were up nearly 129 percent, but auction notices were up only 32 percent, indicating that more defaulting homeowners are simply walking away and deeding their properties back to the foreclosing lender. This deed-in-lieu-of-foreclosure process allows the lender to take possession of a property without putting it up for public foreclosure auction.”
Texas showed a 12.73 percent decrease from the previous month and a 16.11 percent decrease from March 2007.
U.S. Foreclosure Market Statistics by State – March 2008
| Properties with Foreclosure Filings | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Rate Rank | State Name | NOD | NTS | NFS | LIS | REO | Total | 1/every X HH (rate) | %Change from Feb 08 | %Change from Mar 07 |
|
– |
United States |
56,493 |
47,677 |
55,398 |
23,724 |
51,393 |
234,685 |
538 |
4.93 |
57.35 |
|
43 |
Alabama |
0 |
0 |
296 |
0 |
353 |
649 |
3,251 |
-8.07 |
-19.48 |
|
29 |
Alaska |
0 |
0 |
173 |
0 |
19 |
192 |
1,440 |
29.73 |
95.92 |
|
4 |
Arizona |
12 |
0 |
6,484 |
0 |
2,703 |
9,199 |
283 |
-4.67 |
105.52 |
|
23 |
Arkansas |
47 |
0 |
1,045 |
0 |
118 |
1,210 |
1,053 |
-13.14 |
139.60 |
|
2 |
California |
40,761 |
0 |
9,925 |
0 |
14,025 |
64,711 |
204 |
20.66 |
105.86 |
|
5 |
Colorado |
35 |
0 |
3,954 |
0 |
2,191 |
6,180 |
339 |
-8.27 |
-1.39 |
|
14 |
Connecticut |
0 |
1,833 |
1 |
275 |
17 |
2,126 |
674 |
-3.28 |
40.15 |
|
34 |
Delaware |
0 |
1 |
0 |
140 |
51 |
192 |
1,994 |
-15.79 |
34.27 |
| District of Columbia |
4 |
0 |
242 |
0 |
61 |
307 |
921 |
-9.71 |
6040.00* |
|
|
3 |
Florida |
0 |
20,747 |
50 |
6,295 |
3,162 |
30,254 |
282 |
-6.76 |
111.52 |
|
6 |
Georgia |
47 |
0 |
6,870 |
0 |
4,130 |
11,047 |
351 |
44.76* |
63.20 |
|
45 |
Hawaii |
26 |
0 |
88 |
0 |
6 |
120 |
4,167 |
-16.08 |
84.62 |
|
21 |
Idaho |
385 |
0 |
242 |
0 |
30 |
657 |
937 |
-14.56 |
85.07 |
|
12 |
Illinois |
0 |
6,194 |
199 |
688 |
1,542 |
8,623 |
603 |
-1.54 |
10.28 |
|
11 |
Indiana |
0 |
1,764 |
22 |
1,947 |
1,386 |
5,119 |
538 |
-0.54 |
18.17 |
|
37 |
Iowa |
2 |
0 |
312 |
0 |
198 |
512 |
2,579 |
8.25 |
-11.72 |
|
31 |
Kansas |
0 |
114 |
2 |
331 |
263 |
710 |
1,701 |
55.70 |
58.84 |
|
38 |
Kentucky |
0 |
94 |
7 |
420 |
170 |
691 |
2,733 |
45.17 |
-1.29 |
|
42 |
Louisiana |
0 |
8 |
0 |
502 |
116 |
626 |
2,923 |
-3.69 |
8.12 |
|
44 |
Maine |
94 |
0 |
94 |
0 |
8 |
196 |
3,526 |
-3.45 |
201.54* |
|
10 |
Maryland |
0 |
1,698 |
5 |
2,222 |
350 |
4,275 |
538 |
6.45 |
343.01 |
|
9 |
Mass. |
0 |
3,167 |
9 |
2,291 |
106 |
5,573 |
486 |
42.68 |
59.37 |
|
8 |
Michigan |
1,140 |
0 |
6,056 |
0 |
2,298 |
9,494 |
475 |
-13.35 |
10.27 |
|
32 |
Minnesota |
24 |
0 |
763 |
0 |
536 |
1,323 |
1,726 |
-15.79 |
63.74 |
|
46 |
Mississippi |
0 |
0 |
109 |
0 |
79 |
188 |
6,604 |
27.03 |
100.00 |
|
19 |
Missouri |
901 |
0 |
1,288 |
0 |
1,179 |
3,368 |
779 |
-2.91 |
35.04 |
|
39 |
Montana |
0 |
0 |
149 |
0 |
5 |
154 |
2,805 |
-14.92 |
31.62 |
|
40 |
Nebraska |
0 |
12 |
4 |
223 |
35 |
274 |
2,828 |
18.61 |
-23.25 |
|
1 |
Nevada |
5,029 |
0 |
1,003 |
0 |
1,627 |
7,659 |
139 |
24.19 |
61.65 |
|
28 |
New Hampshire |
0 |
0 |
244 |
0 |
170 |
414 |
1,425 |
-35.61 |
260.00* |
|
18 |
New Jersey |
0 |
2,793 |
0 |
1,341 |
348 |
4,482 |
775 |
-19.94 |
-6.23 |
|
36 |
New Mexico |
0 |
288 |
1 |
10 |
43 |
342 |
2,486 |
-32.14 |
4.91 |
|
30 |
New York |
0 |
3,384 |
9 |
873 |
822 |
5,088 |
1,554 |
-2.96 |
37.11 |
|
26 |
North Carolina |
2,388 |
0 |
97 |
0 |
813 |
3,298 |
1,222 |
-18.61 |
1.76 |
|
49 |
North Dakota |
0 |
0 |
0 |
1 |
7 |
8 |
38,475 |
-63.64 |
-66.67 |
|
7 |
Ohio |
0 |
3,876 |
42 |
3,742 |
3,613 |
11,273 |
448 |
8.54 |
37.11 |
|
24 |
Oklahoma |
121 |
0 |
514 |
0 |
812 |
1,447 |
1,111 |
-19.21 |
27.15 |
|
22 |
Oregon |
1,119 |
0 |
434 |
0 |
80 |
1,633 |
972 |
3.09 |
118.61 |
|
33 |
Pennsylvania |
0 |
391 |
24 |
1,762 |
723 |
2,900 |
1,880 |
20.08 |
-0.72 |
|
25 |
Rhode Island |
0 |
0 |
369 |
0 |
29 |
398 |
1,130 |
-10.76 |
25.95 |
|
35 |
South Carolina |
0 |
394 |
2 |
99 |
437 |
932 |
2,120 |
33.52 |
174.12* |
|
48 |
South Dakota |
0 |
0 |
0 |
14 |
2 |
16 |
22,051 |
-38.46 |
-50.00 |
|
15 |
Tennessee |
1,385 |
0 |
1,567 |
0 |
955 |
3,907 |
686 |
-21.21 |
22.94 |
|
20 |
Texas |
121 |
0 |
6,997 |
0 |
3,582 |
10,700 |
862 |
-12.73 |
-16.11 |
|
17 |
Utah |
161 |
0 |
946 |
0 |
123 |
1,230 |
733 |
-4.50 |
93.40 |
|
50 |
Vermont |
0 |
0 |
2 |
0 |
0 |
2 |
154,779 |
-50.00 |
100.00* |
|
13 |
Virginia |
1,062 |
0 |
2,860 |
0 |
1,011 |
4,933 |
655 |
17.82 |
368.03* |
|
16 |
Washington |
1,608 |
0 |
1,843 |
0 |
379 |
3,830 |
705 |
72.52* |
120.62 |
|
47 |
West Virginia |
0 |
0 |
37 |
0 |
31 |
68 |
12,909 |
74.36 |
-28.42 |
|
27 |
Wisconsin |
0 |
919 |
14 |
548 |
592 |
2,073 |
1,222 |
-13.37 |
150.67 |
|
41 |
Wyoming |
21 |
0 |
4 |
0 |
57 |
82 |
2,917 |
28.13 |
720.00* |
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