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Page 2 |
March
2006 - Volume 9, Issue 3 |
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| 2006 DMBA Officers |
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President |
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Denny Smart, Union Savings Bank |
President-elect |
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Chris Gibbs, Union Savings Bank |
Treasurer |
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Scott Bernard, DS Real Estate Services |
Secretary |
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Lisa Terry, Home Services Title, LLC |
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| Board Members |
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Directors |
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Bill Brogan, Kevin Carmody, Holly Hutchison, Jeff Mundy, Anna Osborne, Anne Ross, Karen Vosler, Ron Weaver
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Cabinet |
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Andy Leakas, Ohio Real Estate Title
Margie Lusk, Union Savings Bank
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Past President |
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Frank Kavanaugh, Wells Fargo Mortgage |
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| Membership |
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Prospective members can obtain an application from Holly Hutchison, membership chair, any DMBA officer or board member, or on-line.
No new applications for membership were received. The Fenstemaker Agency (Allstate Insurance) has been approved for membership.
Any member with a comment concerning the pending admittance of any companies, positive or negative, should contact Holly at Holly.L.Hutchison@wellsfargo.com. |
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 Foreclosures Nationwide Continue to Climb
(as excerpted from a RealtyTrac™ report)
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More Than 117,000 New Pre-Foreclosures
and Foreclosures Reported
Georgia, Michigan, Indiana Post Highest Foreclosure Rates
On March 22, 2006, RealtyTrac™ released its February 2006 Monthly U.S. Foreclosure Market Report, which shows 117,259 properties nationwide entered some stage of foreclosure in February, a 13% increase from the previous month, and a 68% increase from February 2005. The report shows a February national foreclosure rate of one new foreclosure for every 986 U.S. households.
"This is the third straight month the U.S. foreclosure rate has moved higher, and it’s the second straight month new foreclosures have topped 100,000," said James J. Saccacio, chief executive
officer of RealtyTrac. "However, several states, including California, Florida, Texas and New York, reported a dip in foreclosures in February. We’ll see if the rest of the country follows that trend in March."
- A total of 846,982 properties nationwide entered some stage of foreclosure in 2005, and new foreclosures increased 25% from the first to the fourth quarter.
- In January 2006, Ohio was one of the top five states reporting the most new foreclosures with a reported 8,268 properties entering some stage of foreclosure; a 22% increase from the previous month. Ohio’s foreclosure rate of one foreclosure for every 578 households was 1.9 times the national average.
- Ohio’s foreclosure rate for February 2006 rose 19% from January, with 9,873 properties entering foreclosure. That equated to one foreclosure for every 484 households, or double the national average.
(For more information on foreclosure rates in the U.S., and
specifically in our area, visit www.realtytrac.com) |
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