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

IRVINE, CA -- (Marketwire) -- 10/15/09 -- RealtyTrac® ( www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report(TM) 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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