U.S. Foreclosure Inventory Rises in August; New Foreclosure Rate Dips, Announces Foreclosure.com

BOCA RATON, FL – According to data released today by Foreclosure.com, a total of 93,440 foreclosed residential properties were available for sale in the U.S. during August. This represents a 3 percent increase from the 90,611 foreclosed properties available for sale during July. The total number of new foreclosures in August was 24,328, which was a decline from July.

“Foreclosure inventory has been steadily increasing since May, representing a slowdown in the purchase of foreclosed homes,” said Brad Geisen, president and CEO, Foreclosure.com. “This trend of sustained high inventory presents a strong investment opportunity for buyers, as lenders are challenged with greater holding and disposition costs the longer that they have to hold on to a property.”

ALASKA
Total Properties: 62
New Foreclosures: 11

ALABAMA
Total Properties: 2014
New Foreclosures: 536

ARKANSAS
Total Properties: 937
New Foreclosures: 302

ARIZONA
Total Properties: 1020
New Foreclosures: 197

CALIFORNIA
Total Properties: 796
New Foreclosures: 194

COLORADO
Total Properties: 6528
New Foreclosures: 882

CONNECTICUT
Total Properties: 136
New Foreclosures: 50

DISTRICT OF COLUMBIA
Total Properties: 8
New Foreclosures: 0

DELAWARE
Total Properties: 71
New Foreclosures: 31

FLORIDA
Total Properties: 898
New Foreclosures: 302

GEORGIA
Total Properties: 6798
New Foreclosures: 1974

HAWAII
Total Properties: 12
New Foreclosures: 2

IOWA
Total Properties: 991
New Foreclosures: 216

IDAHO
Total Properties: 352
New Foreclosures: 113

ILLINOIS
Total Properties: 3984
New Foreclosures: 971

INDIANA
Total Properties: 5031
New Foreclosures: 1406

KANSAS
Total Properties: 1135
New Foreclosures: 333

KENTUCKY
Total Properties: 1653
New Foreclosures: 441

LOUISIANA
Total Properties: 1103
New Foreclosures: 354

MASSACHUSETTS
Total Properties: 163
New Foreclosures: 54

MARYLAND
Total Properties: 471
New Foreclosures: 198

MAINE
Total Properties: 96
New Foreclosures: 28

MICHIGAN
Total Properties: 7422
New Foreclosures: 1832

MINNESOTA
Total Properties: 1061
New Foreclosures: 319

MISSOURI
Total Properties: 2556
New Foreclosures: 749

MISSISSIPPI
Total Properties: 1278
New Foreclosures: 336

MONTANA
Total Properties: 137
New Foreclosures: 32

NORTH CAROLINA
Total Properties: 3947
New Foreclosures: 1016

NORTH DAKOTA
Total Properties: 52
New Foreclosures: 17

NEBRASKA
Total Properties: 550
New Foreclosures: 132

NEW HAMPSHIRE
Total Properties: 55
New Foreclosures: 10

NEW JERSEY
Total Properties: 360
New Foreclosures: 158

NEW MEXICO
Total Properties: 533
New Foreclosures: 182

NEVADA
Total Properties: 254
New Foreclosures: 65

NEW YORK
Total Properties: 1961
New Foreclosures: 601

OHIO
Total Properties: 8192
New Foreclosures: 2083

OKLAHOMA
Total Properties: 1784
New Foreclosures: 473

OREGON
Total Properties: 717
New Foreclosures: 185

PENNSYLVANIA
Total Properties: 3423
New Foreclosures: 974

RHODE ISLAND
Total Properties: 10
New Foreclosures: 5

SOUTH CAROLINA
Total Properties: 2751
New Foreclosures: 870

SOUTH DAKOTA
Total Properties: 135
New Foreclosures: 41

TENNESSEE
Total Properties: 4539
New Foreclosures: 1052

TEXAS
Total Properties: 12,920
New Foreclosures: 3319

UTAH
Total Properties: 1382
New Foreclosures: 538

VIRGINIA
Total Properties: 589
New Foreclosures: 175

VERMONT
Total Properties: 30
New Foreclosures: 8

WASHINGTON
Total Properties: 1121
New Foreclosures: 188

WISCONSIN
Total Properties: 840
New Foreclosures: 227

WEST VIRGINIA
Total Properties: 500
New Foreclosures: 125

WYOMING
Total Properties: 59
New Foreclosures: 18

About Foreclosure.com
Based in Boca Raton, Florida, Foreclosure.com is committed to delivering the most comprehensive, up-to-date database of residential foreclosure, pre- foreclosure, bankruptcy, FSBO and tax lien listings in the United States to its customers and business partners through its cost-effective, Web-based subscription service. Through the company’s work with hundreds of the top lending institutions and government agencies, Foreclosure.com has access to the nation’s largest inventory of residential foreclosure real estate, including Real Estate-Owned (REO) properties; Department of Housing and Urban Development (HUD), Department of Veterans Affairs (VA), Fannie Mae, and other government agency and financial institution properties; as well as listings from an extensive network of corporate sellers. On the Net: http://www.foreclosure.com