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Nebraska foreclosure rate among nation’s lowest

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By The Associated Press

Friday, Nov 14, 2008 - 07:30:52 am CST

OMAHA — Nebraska continues to have one of the lowest foreclosure rates in the nation.

RealtyTrac says the state’s foreclosure rate ranked 49th in the nation in October and remained significantly lower than the national rate.

RealtyTrac says court records show that one out of every 15,497 Nebraska homes were involved in foreclosure. That’s 32 percent higher than in September 2008, but 85 percent lower than October 2007.

Story Photo
Illustration: Orange County Register 2008

RealtyTrac says one in every 452 homes nationwide received a foreclosure filing in October. That’s five percent higher than September 2008 and 25 percent higher than October 2007.

The worst state foreclosure rates are in Nevada, Arizona and Florida.


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Tim wrote on November 14, 2008 8:51 am:
" Unless Realtytrac has changed their process, they don't track foreclosures in rural areas, so I'm not sure that this is accurate. "

 JB wrote on November 14, 2008 9:15 am:
" Florida, Arizona, Nevada, and California. Always wondered how they could afford those expensive homes. They couldn't. "

 James Etherton wrote on November 14, 2008 9:19 am:
" I read this morning that so far this year (2008) there have been over 50,000 foreclosures just in the Dallas/Fort Worth area. "

 whatever wrote on November 14, 2008 9:24 am:
" Let's revisit this topic in about 6 months. "

 ted wrote on November 14, 2008 10:18 am:
" There's no place like Nebraska. "

 John wrote on November 14, 2008 10:35 am:
" My brother is a home building in Lincoln and is having problems selling homes here because of all the "fruits and nuts" in southwest and on the coasts which bought more then they could afford. "

 MarkyMark wrote on November 14, 2008 11:21 am:
" A lot of this is because the mortgage lenders here actually have some morals and values.

Most of the problems came from ARMs or Adjustible Rate Mortgages, which is a just plain stupid option. A recipe for total disaster. I have had experience with being strongly warned by 2 mortgages bankers here in Lincoln to "Don't even think about it".

Your big city mortgage lenders, I imagine are more like the sharks at Wall Street. Uncaring predators. "

 Angela wrote on November 14, 2008 1:02 pm:
" Wow! A positive tidbit on our local market! It would be helpful if our local news media would expand on the positives of our local real estate market instead of continuing to headline national stories that don't reflect what's going on in our backyard. "

 More numbers wrote on November 15, 2008 3:57 pm:
" Last week, the Washington Post [washingtonpost.com] had a graphic showing the realty situation in each state. According to the data they used from First American CoreLogic, the number of homes in Nebraska with negative equity was 24,314, the percent of homes in Nebraska in a negative-equity situation was 14 percent, and the average debt-to-value ratio was 74 percent. The debt-to-value ratio was much higher than in those troubled states like California and Nevada, but if one-in-seven homes here is under water, I don't think we've seen the end of the housing slide. "

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