11/2/09 5:25 PM. AS SOME TOP METRO FORECLOSURE ACTIVITY RATES DECREASE, NEW FORECLOSURE HOT SPOTS EMERGE IN Q By RealtyTrac Staff

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1 AS SOME TOP METRO FORECLOSURE ACTIVITY RATES... Check out our NEW Features! Home Join Search Agents Loans Home Value Home Resources Login Learn Why Join? FREE Trial FREE Credit Score Feedback Help FREE Trial Search Properties Over 1.5 Million Foreclosures Foreclosures Home News & Events News and Trends Center RealtyTrac News >> About the Company >> Newsletters >> General Real Estate >> Las Vegas, NV Press Room Press Coverage Press Releases Video News Releases Event Schedule Backgrounder Fact Sheet Bios Press Contacts Customer Newsletter Real Estate Glossary Financial Calculators Press Releases AS SOME TOP METRO FORECLOSURE ACTIVITY RATES DECREASE, NEW FORECLOSURE HOT SPOTS EMERGE IN Q By RealtyTrac Staff Las Vegas, Merced and Cape Coral-Fort Myers Register Top Metro Foreclosure Rates; High Foreclosure Rates Spreading to New Metros in Several States IRVINE, Calif. Oct. 28, 2009 RealtyTrac, the leading online marketplace for foreclosure properties, today released its Q Metropolitan Foreclosure Market Report, which shows that cities in California, Florida and Nevada accounted for the 10 highest foreclosure rates in the third quarter among metro areas with a population of 200,000 or more. But five of those Top 10 metro areas reported decreasing foreclosure activity from the third quarter of 2008, while many other metro areas with Top 50 foreclosure rates reported sharp increases in foreclosure activity. Rising unemployment and a new variety of mortgage resets continued to gradually shift the nation s foreclosure epicenters in the third quarter away from the hot spots of the last two years and toward some metro areas that had avoided the brunt of the first foreclosure wave, said James J. Saccacio, chief executive officer of RealtyTrac. While toxic subprime mortgages drove much of that first wave of foreclosures, high unemployment and exotic Alt-A Option ARMs are spreading the foreclosure flood to more metro areas in Share your comments about this report or foreclosure activity in your area. New foreclosure hot spots flare up Among the top 50 metro foreclosure rates, the three biggest year-over-year increases were in Boise City-Nampa, Idaho, and Provo-Orem and Salt Lake City in Utah. In several states the largest increases were posted in cities not previously a focal point for foreclosure activity. The Chico metro area posted the biggest year-over-year increase in California, with foreclosure activity up 98 percent from the third quarter of The medium-sized metro about 100 miles north of Sacramento had a 12.8 percent unemployment rate in August, above the state and national averages. A similar trend was seen in cities like Reno-Sparks, Nev., with an 80 percent year-over-year increase in foreclosure activity, Prescott, Ariz., with 1 of 7 11/2/09 5:25 PM

2 a 77 percent increase, Jacksonville, Fla., with a 64 percent increase, Rockford, Ill., with a 64 percent increase, and Lansing-East Lansing, Mich., with a 41 percent increase. Top metro foreclosure rates Las Vegas posted the nation s highest metro foreclosure rate, with 5.13 percent (one in 20) of its housing units receiving a foreclosure filing during the quarter nearly seven times the national average. A total of 40,408 Las Vegas properties received a foreclosure filing during the quarter, an increase of nearly 9 percent from the previous quarter and an increase of nearly 54 percent from the third quarter of Despite a 13 percent decrease in foreclosure activity from the previous quarter, Merced, Calif., posted the nation s second highest foreclosure rate, with 3.72 percent (one in 27) of its housing units receiving a foreclosure filing during the third quarter. A total of 3,092 Merced properties received a foreclosure filing during the quarter, down 11 percent from the third quarter of Foreclosure activity in the Cape Coral-Fort Myers metro area in Florida also decreased from the previous quarter and from the third quarter of 2008, but the metro area still registered the nation s third highest metro foreclosure rate with 3.67 percent (one in 27) of its housing units receiving a foreclosure filing during the quarter. A total of 13,206 Cape Coral-Fort Myers properties received a foreclosure filing during the quarter, a decrease of 5 percent from the previous quarter and down 2 percent from the third quarter of Other metro areas in the top 10 were the California cities of Stockton (3.53 percent), Modesto (3.39 percent), Riverside-San Bernardino (3.37 percent), Bakersfield (2.88 percent), and Vallejo-Fairfield (2.85 percent), along with the Reno-Sparks metro area in Nevada (2.67 percent) and the Florida metro areas of Port St. Lucie (2.63 percent) and Orlando-Kissimmee (2.57 percent). 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 third quarter of Data is also available at the individual county level and MSA level. 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 quarter, only the most recent filing is counted in the report. U.S. Metro Foreclosure Market Data Q Rate Rank Metro Name Total Properties with Foreclosure Filings %Housing Units 1/every X HU %Change from Q2 09 %Change from Q U.S. Total 937, Las Vegas-Paradise, NV Total 40, Merced, CA Total 3, Cape Coral-Fort Myers, FL Total 13, Stockton, CA Total 8, Modesto, CA Total 5, Riverside-San Bernardino-Ontario, CA Total 48, Bakersfield, CA Total 7, Vallejo-Fairfield, CA Total 4, Reno-Sparks, NV Total 4, Port St. Lucie, FL Total 5, Orlando-Kissimmee, FL Total 22, Phoenix-Mesa-Scottsdale, AZ Total 40, Sacramento--Arden-Arcade--Roseville, CA Total 19, Miami-Fort Lauderdale-Pompano Beach, FL Total 53, Fresno, CA Total 5, Salinas, CA Total 2, Visalia-Porterville, CA Total 2, Lakeland, FL Total 4, Boise City-Nampa, ID Total 4, * 20 San Diego-Carlsbad-San Marcos, CA Total 18, Provo-Orem, UT Total 2, Oxnard-Thousand Oaks-Ventura, CA Total 4, Los Angeles-Long Beach-Santa Ana, CA Total 69, Naples-Marco Island, FL Total 2, of 7 11/2/09 5:25 PM

3 25 Deltona-Daytona Beach-Ormond Beach, FL Total 3, Jacksonville, FL Total 8, Ocala, FL Total 2, Santa Rosa-Petaluma, CA Total 2, Prescott, AZ Total 1, Sarasota-Bradenton-Venice, FL Total 5, Palm Bay-Melbourne-Titusville, FL Total 3, San Francisco-Oakland-Fremont, CA Total 22, Greeley, CO Total 1, Tampa-St. Petersburg-Clearwater, FL Total 17, San Jose-Sunnyvale-Santa Clara, CA Total 8, Fayetteville-Springdale-Rogers, AR-MO Total 2, * 37 Chico, CA Total 1, Santa Barbara-Santa Maria-Goleta, CA Total 1, Atlanta-Sandy Springs-Marietta, GA Total 24, Detroit-Warren-Livonia, MI Total** 21, Salt Lake City, UT Total 4, Tucson, AZ Total 4, San Luis Obispo-Paso Robles, CA Total 1, Santa Cruz-Watsonville, CA Total 1, Flint, MI Total** 1, Washington-Arlington-Alexandria, DC-VA-MD-WV Total 19, Denver-Aurora, CO Total 9, Chicago-Naperville-Joliet, IL-IN-WI Total 33, Rockford, IL Total 1, Lansing-East Lansing, MI Total** 1, Pensacola-Ferry Pass-Brent, FL Total 1, Fort Collins-Loveland, CO Total 1, Cleveland-Elyria-Mentor, OH Total 7, Grand Rapids-Wyoming, MI Total** 2, Memphis, TN-MS-AR Total 4, Colorado Springs, CO Total 1, Ogden-Clearfield, UT Total 1, Minneapolis-St. Paul-Bloomington, MN-WI Total 9, Holland-Grand Haven, MI Total** Atlantic City, NJ Total Tulsa, OK Total 2, * 62 Portland-Vancouver-Beaverton, OR-WA Total 6, Indianapolis-Carmel, IN Total 5, Canton-Massillon, OH Total 1, of 7 11/2/09 5:25 PM

4 65 Toledo, OH Total 1, Worcester, MA Total 1, Salem, OR Total Cincinnati-Middletown, OH-KY-IN Total 5, Charleston-North Charleston, SC Total 1, Ann Arbor, MI Total** Charlotte-Gastonia-Concord, NC-SC Total 4, Savannah, GA Total Milwaukee-Waukesha-West Allis, WI Total 3, Kansas City, MO-KS Total 4, Gainesville, FL Total Green Bay, WI Total * 77 Little Rock-North Little Rock-Conway, AR Total 1, * 78 Macon, GA Total Trenton-Ewing, NJ Total Jackson, MS Total 1, * 81 Akron, OH Total 1, Columbus, OH Total 4, Birmingham-Hoover, AL Total 2, * 84 Greenville-Mauldin-Easley, SC Total 1, * 85 Tallahassee, FL Total Dayton, OH Total 1, Youngstown-Warren-Boardman, OH-PA Total 1, Saginaw-Saginaw Township North, MI Total** Bremerton-Silverdale, WA Total Baltimore-Towson, MD Total 5, Kalamazoo-Portage, MI Total** Fort Wayne, IN Total Springfield, MA Total 1, St. Louis, MO-IL Total 5, Seattle-Tacoma-Bellevue, WA Total 6, Dallas-Fort Worth-Arlington, TX Total 10, Columbia, SC Total 1, Boulder, CO Total Mobile, AL Total * 100 Boston-Cambridge-Quincy, MA-NH Total 7, Richmond, VA Total 2, Reading, PA Total Brownsville-Harlingen, TX Total Chattanooga, TN-GA Total of 7 11/2/09 5:25 PM

5 105 Barnstable Town, MA Total Eugene-Springfield, OR Total Greensboro-High Point, NC Total 1, Virginia Beach-Norfolk-Newport News, VA-NC Total 2, Myrtle Beach-Conway-North Myrtle Beach, SC Total * 110 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Total 9, Des Moines-West Des Moines, IA Total * 112 Austin-Round Rock, TX Total 2, Albuquerque, NM Total 1, * 114 Hagerstown-Martinsburg, MD-WV Total New Orleans-Metairie-Kenner, LA Total 1, Appleton, WI Total * 117 Louisville/Jefferson County, KY-IN Total 2, South Bend-Mishawaka, IN-MI Total Nashville-Davidson--Murfreesboro--Franklin, TN Total 2, New Haven-Milford, CT Total 1, McAllen-Edinburg-Mission, TX Total , Bridgeport-Stamford-Norwalk, CT Total 1, Providence-New Bedford-Fall River, RI-MA Total 2, Houston-Sugar Land-Baytown, TX Total 8, Winston-Salem, NC Total Anchorage, AK Total Augusta-Richmond County, GA-SC Total San Antonio, TX Total 2, Allentown-Bethlehem-Easton, PA-NJ Total 1, * 130 York-Hanover, PA Total Sioux Falls, SD Total Killeen-Temple-Fort Hood, TX Total Honolulu, HI Total 1, Columbus, GA-AL Total Manchester-Nashua, NH Total Springfield, MO Total Raleigh-Cary, NC Total 1, New York-Northern New Jersey-Long Island, NY-NJ-PA Total 24, Olympia, WA Total Wichita, KS Total Madison, WI Total * 142 Norwich-New London, CT Total Oklahoma City, OK Total 1, Montgomery, AL Total * 5 of 7 11/2/09 5:25 PM

6 145 Knoxville, TN Total Davenport-Moline-Rock Island, IA-IL Total Topeka, KS Total Hartford-West Hartford-East Hartford, CT Total 1, Shreveport-Bossier City, LA Total * 150 Fort Smith, AR-OK Total * 151 Amarillo, TX Total Baton Rouge, LA Total * 153 Yakima, WA Total Roanoke, VA Total ,192.86* 155 Huntsville, AL Total * 156 Waco, TX Total Pittsburgh, PA Total 2, Clarksville, TN-KY Total Cedar Rapids, IA Total Lancaster, PA Total Corpus Christi, TX Total Buffalo-Niagara Falls, NY Total 1, Gulfport-Biloxi, MS Total ,457.14* 164 Springfield, IL Total Laredo, TX Total Omaha-Council Bluffs, NE-IA Total Lafayette, LA Total * 168 Peoria, IL Total Champaign-Urbana, IL Total Rochester, NY Total Erie, PA Total Spartanburg, SC Total Binghamton, NY Total Scranton--Wilkes-Barre, PA Total Harrisburg-Carlisle, PA Total Evansville, IN-KY Total Lexington-Fayette, KY Total Poughkeepsie-Newburgh-Middletown, NY Total Portland-South Portland-Biddeford, ME Total Beaumont-Port Arthur, TX Total Duluth, MN-WI Total El Paso, TX Total Houma-Bayou Cane-Thibodaux, LA Total ,033.33* 184 Durham, NC Total of 7 11/2/09 5:25 PM

7 185 Huntington-Ashland, WV-KY-OH Total Wilmington, NC Total Albany-Schenectady-Troy, NY Total Hickory-Lenoir-Morganton, NC Total Spokane, WA Total Tuscaloosa, AL Total * 191 Lubbock, TX Total , Kingsport-Bristol-Bristol, TN-VA Total , Longview, TX Total , Asheville, NC Total , Syracuse, NY Total , Charleston, WV Total , * 197 College Station-Bryan, TX Total , Kennewick-Richland-Pasco, WA Total , Lincoln, NE Total , Lynchburg, VA Total , Fayetteville, NC Total , Burlington-South Burlington, VT Total , * 203 Utica-Rome, NY Total , *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 MSA was discontinued starting in January 2009 Collection of some records previously classified as NOD in this MSA was discontinued starting in September 2008 Share your comments about this report or foreclosure activity in your area. About RealtyTrac Inc. RealtyTrac ( 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. ### Media Contact: Michelle Sabolich Atomic Public Relations michelle.sabolich@atomicpr.com Digg This Article Add to del.icio.us 7 of 7 11/2/09 5:25 PM