Foreclosure Home Housing & Foreclosure Reports Missouri Foreclosure Activity Rises in January

Missouri Foreclosure Activity Rises in January

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Statewide filings up 14 percent from December

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 2,525 Missouri properties in January, a 14 percent increase from December, but still 23 percent below the level reported for January 2011, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

Missouri had the 23rd highest foreclosure rate, reporting one in every 1,074 Missouri housing units with a foreclosure filing in January.

Jackson County posts top foreclosure rate in the state for January
 One in every 476 housing units in Jackson County had a foreclosure filing in January — 1.3 times the national average and 2.3 times the state average — the highest foreclosure rate of all Missouri counties for the month. Saint Louis City had the second highest rate of one in every 624 housing units with a foreclosure filing during the month — on par with the national average and 1.7 times the state average. Jefferson County had the third highest rate of one in every 654 housing units with a foreclosure filing during the month — on par with the national average and 1.6 times the state average.

Saint Louis County leads state in foreclosure activity in January
 Saint Louis County led all counties, reporting 669 properties with foreclosure filings for the month. Jackson County had the second highest total, reporting 656 properties with foreclosure filings. Saint Louis City was third, reporting 282 properties with foreclosure filings. Fourth highest was Saint Charles County, recording 206 properties with foreclosure filings. Jefferson County was fifth highest, tallying 134 properties with foreclosure filings for the month.

State a moderate contributor to total foreclosure activity in January
 Missouri accounted for 1 percent of the 210,941 properties with foreclosure filings reported nationwide in January. Total U.S. activity increased by 3 percent from December, but was still down over 19 percent from the level reported in January 2011. One in every 624 U.S. housing units received a foreclosure filing during the month.

“Although overall foreclosure activity was down from a year ago for the 16th straight month in January, we continue to see signs on a local and regional level that the frozen-up foreclosure process is beginning to thaw,” said Brandon Moore, CEO of RealtyTrac. “Foreclosure activity increased on a year-over-year basis for the first time in more than 12 months in Florida, Michigan, Indiana and Pennsylvania, following a pattern we saw in late 2011 in states such as California, Arizona and Massachusetts.

“We expect the pattern of increasing foreclosures to continue in the coming months, especially given the finalized mortgage and foreclosure settlement

 Missouri Top Foreclosure Rates By County – January 2012

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

24,531

33,831

62,260

23,777

66,542

210,941

624

n/a

n/a

Missouri

0

0

1,435

0

1,090

2,525

1,074

0.58

n/a

 

 

 

 

 

 

 

 

 

 

Jackson

0

0

396

0

260

656

476

1.31

2.26

Saint Louis City

0

0

158

0

124

282

624

1.00

1.72

Jefferson

0

0

100

0

34

134

654

0.95

1.64

Saint Louis

0

0

449

0

220

669

655

0.95

1.64

Saint Charles

0

0

124

0

82

206

685

0.91

1.57


Missouri Top Foreclosure Totals by County – January 2012

County

NOD

LIS

NTS

NFS

REO

Total

1/every X   HU (rate)

% Chg   Dec 11

% Chg   Jan 11

 

 

 

 

 

 

 

 

 

 

United States

24,531

33,831

62,260

23,777

66,542

210,941

624

2.89

-19.28

Missouri

0

0

1,435

0

1,090

2,525

1,074

13.64

-22.59

 

 

 

 

 

 

 

 

 

 

Saint Louis

0

0

449

0

220

669

655

10.40

-24.15

Jackson

0

0

396

0

260

656

476

21.71

-19.90

Saint Louis City

0

0

158

0

124

282

624

2.17

-0.35

Saint Charles

0

0

124

0

82

206

685

15.08

-17.27

Jefferson

0

0

100

0

34

134

654

16.52

-11.26

 


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