MISSOURI FORECLOSURE ACTIVITY DECREASES 12 PERCENT IN SEPTEMBER

Yearly Total Up 96 Percent From September 2006

 

IRVINE, Calif. – Oct. 26, 2007 – Missouri reported 2,717 foreclosure filings in September, a 12 percent decrease from the previous month, but still a 96 percent increase from September 2006, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1 million properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.

 

“Although Missouri foreclosures have declined in September, the numbers have nearly doubled since this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show that the state’s unemployment rate is currently well above the national average. This is likely contributing to the overall rise.”

 

Missouri ranked 19th in the country in total foreclosures reported for the month. The state’s foreclosure rate of one foreclosure filing for every 954 households ranked it 19th among the 50 states.

 

Jackson County reports biggest foreclosure total

Jackson County reported 753 foreclosure filings for September, the most of any county for the month. Saint Louis County posted the second highest foreclosure total, reporting 553 foreclosure filings for the month. Saint Louis City reported the third highest foreclosure total, with 527 foreclosure filings.

 

Saint Louis City posts highest foreclosure rate

Saint Louis City reported the highest foreclosure rate in the state for September, with one foreclosure filing for every 334 households — 2.9 times the state average. Jackson County posted the second highest foreclosure rate, with one foreclosure filing for every 409 households — 2.3 times the state average. Saint Charles County posted the third highest foreclosure rate, with one foreclosure filing for every 473 households — twice the state average.

 

State contributes 1 percent to nation’s monthly total

Total foreclosure filings in Missouri accounted for 1 percent of the 223,538 foreclosure filings nationwide in September. The national total represents an 8 percent decrease from the previous month but is still 99 percent above the total reported for September 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 557 U.S. households for the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — 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).

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

 

                       Missouri Foreclosure Market by County – September 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

47,234

63,405

21,925

51,172

39,802

223,538

557

n/a

n/a

Missouri

888

839

0

0

990

2,717

954

0.58

n/a

 

 

 

 

 

 

 

 

 

 

Adair

0

0

0

0

0

0

n/a

0.00

0.00

Andrew

0

0

0

0

0

0

n/a

0.00

0.00

Atchison

0

0

0

0

0

0

n/a

0.00

0.00

Audrain

0

0

0

0

0

0

n/a

0.00

0.00

Barry

0

1

0

0

0

1

16,790

0.03

0.05

Barton

0

1

0

0

0

1

5,630

0.10

0.17

Bates

0

0

0

0

0

0

n/a

0.00

0.00

Benton

0

1

0

0

0

1

13,174

0.04

0.07

Bollinger

0

0

0

0

0

0

n/a

0.00

0.00

Boone

0

6

0

0

0

6

10,881

0.05

0.08

Buchanan

20

9

0

0

16

45

833

0.67

1.14

Butler

11

2

0

0

1

14

1,377

0.40

0.69

Caldwell

0

0

0

0

0

0

n/a

0.00

0.00

Callaway

0

0

0

0

0

0

n/a

0.00

0.00

Camden

0

0

0

0

1

1

35,273

0.02

0.02

Cape Girardeau

32

0

0

0

8

40

772

0.72

1.23

Carroll

0

0

0

0

0

0

n/a

0.00

0.00

Carter

0

0

0

0

0

0

n/a

0.00

0.00

Cass

0

9

0

0

28

37

994

0.56

0.96

Cedar

0

1

0

0

0

1

7,057

0.08

0.13

Chariton

0

0

0

0

0

0

n/a

0.00

0.00

Christian

0

1

0

0

0

1

26,591

0.02

0.03

Clark

0

0

0

0

0

0

n/a

0.00

0.00

Clay

87

14

0

0

34

135

612

0.91

1.55

Clinton

0

0

0

0

2

2

4,349

0.13

0.21

Cole

0

1

0

0

1

2

15,712

0.04

0.06

Cooper

0

0

0

0

0

0

n/a

0.00

0.00

Crawford

0

0

0

0

0

0

n/a

0.00

0.00

Dade

1

0

0

0

0

1

3,869

0.14

0.24

Dallas

0

0

0

0

0

0

n/a

0.00

0.00

Daviess

0

0

0

0

0

0

n/a

0.00

0.00

DeKalb

0

0

0

0

0

0

n/a

0.00

0.00

Dent

0

0

0

0

0

0

n/a

0.00

0.00

Douglas

0

1

0

0

0

1

6,125

0.09

0.15

Dunklin

0

0

0

0

0

0

n/a

0.00

0.00

Franklin

14

2

0

0

4

20

2,079

0.27

0.45

Gasconade

0

0

0

0

0

0

n/a

0.00

0.00

Gentry

0

0

0

0

0

0

n/a

0.00

0.00

Greene

39

22

0

0

10

71

1,628

0.34

0.58

Grundy

0

0

0

0

0

0

n/a

0.00

0.00

Harrison

0

0

0

0

0

0

n/a

0.00

0.00

Henry

0

0

0

0

0

0

n/a

0.00

0.00

Hickory

0

0

0

0

0

0

n/a

0.00

0.00

Holt

0

0

0

0

0

0

n/a

0.00

0.00

Howard

0

1

0

0

0

1

4,464

0.12

0.21

Howell

5

0

0

0

4

9

1,902

0.29

0.50

Iron

0

0

0

0

0

0

n/a

0.00

0.00

Jackson

67

323

0

0

363

753

409

1.36

2.33

Jasper

14

3

0

0

14

31

1,560

0.36

0.61

Jefferson

107

5

0

0

21

133

628

0.89

1.51

Johnson

0

1

0

0

0

1

20,136

0.03

0.04

Knox

0

0

0

0

0

0

n/a

0.00

0.00

Laclede

0

0

0

0

0

0

n/a

0.00

0.00

Lafayette

0

0

0

0

0

0

n/a

0.00

0.00

Lawrence

0

0

0

0

2

2

7,727

0.07

0.12

Lewis

0

0

0

0

0

0

n/a

0.00

0.00

Lincoln

0

3

0

0

0

3

5,656

0.10

0.16

Linn

0

0

0

0

0

0

n/a

0.00

0.00

Livingston

0

0

0

0

0

0

n/a

0.00

0.00

Macon

0

0

0

0

0

0

n/a

0.00

0.00

Madison

0

0

0

0

0

0

n/a

0.00

0.00

Maries

0

0

0

0

0

0

n/a

0.00

0.00

Marion

0

0

0

0

0

0

n/a

0.00

0.00

McDonald

0

1

0

0

0

1

9,655

0.06

0.09

Mercer

0

0

0

0

0

0

n/a

0.00

0.00

Miller

0

1

0

0

1

2

6,004

0.09

0.15

Mississippi

0

0

0

0

0

0

n/a

0.00

0.00

Moniteau

0

0

0

0

0

0

n/a

0.00

0.00

Monroe

0

1

0

0

0

1

4,813

0.12

0.19

Montgomery

0

2

0

0

0

2

3,046

0.18

0.31

Morgan

0

0

0

0

0

0

n/a

0.00

0.00

New Madrid

0

0

0

0

0

0

n/a

0.00

0.00

Newton

0

0

0

0

0

0

n/a

0.00

0.00

Nodaway

0

1

0

0

1

2

4,711

0.12

0.20

Oregon

0

0

0

0

0

0

n/a

0.00

0.00

Osage

0

0

0

0

0

0

n/a

0.00

0.00

Ozark

0

0

0

0

0

0

n/a

0.00

0.00

Pemiscot

0

0

0

0

0

0

n/a

0.00

0.00

Perry

1

0

0

0

1

2

4,060

0.14

0.23

Pettis

0

0

0

0

0

0

n/a

0.00

0.00

Phelps

0

0

0

0

1

1

18,779

0.03

0.05

Pike

0

0

0

0

0

0

n/a

0.00

0.00

Platte

2

3

0

0

21

26

1,344

0.41

0.71

Polk

0

1

0

0

1

2

5,983

0.09

0.16

Pulaski

0

0

0

0

0

0

n/a

0.00

0.00

Putnam

0

0

0

0

0

0

n/a

0.00

0.00

Ralls

0

0

0

0

0

0

n/a

0.00

0.00

Randolph

0

0

0

0

0

0

n/a

0.00

0.00

Ray

0

1

0

0

0

1

9,989

0.06

0.09

Reynolds

0

0

0

0

0

0

n/a

0.00

0.00

Ripley

0

0

0

0

0

0

n/a

0.00

0.00

Saint Charles

226

13

0

0

30

269

473

1.18

2.01

Saint Clair

0

0

0

0

0

0

n/a

0.00

0.00

Saint Francois

0

0

0

0

0

0

n/a

0.00

0.00

Saint Louis

43

289

0

0

221

553

782

0.71

1.22

Saint Louis City

219

108

0

0

200

527

334

1.67

2.85

Sainte Genevieve

0

0

0

0

0

0

n/a

0.00

0.00

Saline

0

2

0

0

0

2

5,148

0.11

0.18

Schuyler

0

0

0

0

0

0

n/a

0.00

0.00

Scotland

0

0

0

0

0

0

n/a

0.00

0.00

Scott

0

2

0

0

1

3

5,852

0.10

0.16

Shannon

0

0

0

0

0

0

n/a

0.00

0.00

Shelby

0

0

0

0

0

0

n/a

0.00

0.00

Stoddard

0

2

0

0

0

2

6,849

0.08

0.13

Stone

0

0

0

0

0

0

n/a

0.00

0.00

Sullivan

0

0

0

0

1

1

3,463

0.16

0.27

Taney

0

0

0

0

0

0

n/a

0.00

0.00

Texas

0

1

0

0

0

1

11,196

0.05

0.08

Vernon

0

0

0

0

0

0

n/a

0.00

0.00

Warren

0

2

0

0

0

2

6,536

0.09

0.14

Washington

0

0

0

0

0

0

n/a

0.00

0.00

Wayne

0

0

0

0

1

1

7,842

0.07

0.12

Webster

0

2

0

0

1

3

4,338

0.13

0.22

Worth

0

0

0

0

0

0

n/a

0.00

0.00

Wright

0

0

0

0

0

0

n/a

0.00

0.00

 

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest growing private companies, RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.

 

Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new homes, with more than 1.3 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and the Wall Street Journal’s Real Estate Journal. For more information, visit (www.realtytrac.com).

 

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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