Key Four-City Findings (Request report for details and charts):

• Foreclosure Auctions: PropertyShark.com recorded 6622 first-time trustee sales in Los Angeles, 1942 in Miami-Dade County, 605 foreclosure auctions in New York City, and 360 in Seattle for the fourth quarter of 2007.
• Comparison to Q4 2006: Scheduled foreclosure auctions in Los Angeles, jumped 235% compared to the fourth quarter of 2006, while Miami increased by 156% and New York City by 71%. Seattle foreclosures decreased by 2.7% compared to Q4 2006.
• Comparison to Q3 2007: Los Angeles (up 24.45%) and Miami (up 20.70%) continued their upward trend in first time foreclosures with both counties setting quarterly records compared to the prior 8 quarters. After dipping in Q3 2007, Seattle foreclosures jumped by 43.42% while New York City saw a decrease of 13.32%.
• Foreclosures per Household: Of the four cities, Miami again had the highest foreclosure rate per household, 5 times higher than Seattle, and over 12 times higher per household than New York City.

Los Angeles County

• Trustee Sales: Los Angeles had 6622 trustee sales during the period, 24.45% higher than last quarter and 235% higher than the same quarter in 2006.
• Los Angeles Trouble Spots: Zip Codes in Pomona (91766, 113% increase), Compton (90221, 100% increase) and Norwalk (90650, 70% increase) saw the highest increase in new trustee sales since last quarter. The top 5 zip codes were in Palmdale, Lancaster and Quartz Hill.

Miami-Dade County

• Foreclosure Auctions: There were 1942 residential foreclosure auctions scheduled in Miami-Dade County for Q4 2007, an increase of 20.7% from Q3 2007 and 156% higher than Q4 2006.

• New Foreclosure Auctions: New York City saw a 13% decrease in new foreclosures over Q3 2007. However, the number is 71% higher than Q4 2006.
• New York City Boroughs: Staten Island was the only borough that experienced an increase in new foreclosures over last quarter and also had the highest percent increase over Q4 2006 (223%).

Seattle (King County)

• Trustee Sales: For Q4 2007, there were 360 new residential trustee sales scheduled in Seattle (King County), a 43.42% increase over Q3 2007 (251), and 2.7% decrease from Q4 2006 (370).

Los Angeles Foreclosures:    Los Angeles Foreclosures
Miami Foreclosures:       Miami Foreclosures
New Jersey Foreclosures:    New Jersey Foreclosures
NYC Foreclosures:       New York City Foreclosures
Philadelphia Foreclosures:   Philadelphia Foreclosures
San Francisco Foreclosures:    San Francisco Foreclosures
Seattle Foreclosures:       http://www.propertyshark.com/mason/seattle/Foreclosures/index.html

Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

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