MISSOURI FORECLOSURE ACTIVITY DOWN 5 PERCENT IN DECEMBER

Yearly Foreclosure Activity Up 61 Percent From December 2006

 

IRVINE, Calif. – Jan. 25, 2008 – Missouri reported 3,187 foreclosure filings in December, a 5 percent decrease from the previous month, but still a 61 percent increase from December 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 declined in December, the numbers are up significantly from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Recent 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 18th in the country in total foreclosures reported for the month. The state’s foreclosure rate of one foreclosure filing for every 814 households ranked it 16th among the 50 states.

 

Top three counties account for largest share of state total

Three counties accounted for 75 percent of all foreclosure filings in Missouri for December. Jackson County led Missouri in total foreclosure activity for December, reporting 1,051 foreclosure filings. Saint Louis County tallied the second highest foreclosure total, reporting 844 foreclosure filings, followed by Saint Louis City, which reported 504 foreclosure filings.

 

Jackson County posts highest foreclosure rate

Jackson County led the state with the highest foreclosure rate in the state for December, one foreclosure filing for every 293 households — 2.8 times the state average and twice the national average. Saint Louis City came in second with a rate of one foreclosure filing for every 350 households — 2.3 times the state average and 1.7 times the national average. Clay County posted the third highest foreclosure rate, one filing for every 510 households — 1.6 times the state average.

 

State contributes 1 percent to nation’s monthly total

Total foreclosure filings in Missouri accounted for 1 percent of the 215,749 foreclosure filings reported nationwide in December. The national total represents a 7 percent increase from the previous month, and is 97 percent above the total reported for December 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 577 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 – December 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

Households per Filing

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

46,182

54,280

18,488

47,945

48,854

215,749

577

n/a

n/a

Missouri

737

1,275

0

0

1,175

3,187

814

0.71

n/a

 

 

 

 

 

 

 

 

 

 

Adair

0

0

0

0

0

0

n/a

0.00

0.00

Andrew

0

1

0

0

0

1

6,935

0.08

0.12

Atchison

0

0

0

0

0

0

n/a

0.00

0.00

Audrain

0

1

0

0

1

2

5,549

0.10

0.15

Barry

0

2

0

0

0

2

8,395

0.07

0.10

Barton

0

0

0

0

0

0

n/a

0.00

0.00

Bates

0

1

0

0

0

1

7,537

0.08

0.11

Benton

0

0

0

0

0

0

n/a

0.00

0.00

Bollinger

0

0

0

0

0

0

n/a

0.00

0.00

Boone

0

10

0

0

0

10

6,528

0.09

0.12

Buchanan

15

6

0

0

14

35

1,071

0.54

0.76

Butler

8

0

0

0

11

19

1,014

0.57

0.80

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

0

0

n/a

0.00

0.00

Cape Girardeau

0

0

0

0

0

0

n/a

0.00

0.00

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

20

29

1,269

0.45

0.64

Cedar

0

0

0

0

0

0

n/a

0.00

0.00

Chariton

0

0

0

0

0

0

n/a

0.00

0.00

Christian

0

1

0

0

1

2

13,296

0.04

0.06

Clark

0

0

0

0

0

0

n/a

0.00

0.00

Clay

113

1

0

0

48

162

510

1.13

1.59

Clinton

0

0

0

0

0

0

n/a

0.00

0.00

Cole

0

0

0

0

1

1

31,423

0.02

0.03

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

0

0

0

0

0

0

n/a

0.00

0.00

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

0.13

Dunklin

0

1

0

0

0

1

15,117

0.04

0.05

Franklin

10

0

0

0

5

15

2,772

0.21

0.29

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

70

22

0

0

30

122

947

0.61

0.86

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

1

0

0

0

1

3,009

0.19

0.27

Howard

0

0

0

0

0

0

n/a

0.00

0.00

Howell

6

0

0

0

3

9

1,902

0.30

0.43

Iron

0

0

0

0

0

0

n/a

0.00

0.00

Jackson

81

536

0

0

434

1,051

293

1.97

2.78

Jasper

45

1

0

0

12

58

834

0.69

0.98

Jefferson

96

39

0

0

22

157

532

1.08

1.53

Johnson

0

2

0

0

0

2

10,068

0.06

0.08

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

0

0

n/a

0.00

0.00

Lewis

0

0

0

0

0

0

n/a

0.00

0.00

Lincoln

0

0

0

0

0

0

n/a

0.00

0.00

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

0

0

0

0

0

n/a

0.00

0.00

Mercer

0

0

0

0

0

0

n/a

0.00

0.00

Miller

0

0

0

0

0

0

n/a

0.00

0.00

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

0

0

0

0

0

n/a

0.00

0.00

Montgomery

0

0

0

0

0

0

n/a

0.00

0.00

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

0

0

0

0

0

n/a

0.00

0.00

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

5

0

0

0

2

7

1,160

0.50

0.70

Pettis

0

0

0

0

0

0

n/a

0.00

0.00

Phelps

0

0

0

0

0

0

n/a

0.00

0.00

Pike

0

0

0

0

0

0

n/a

0.00

0.00

Platte

1

1

0

0

28

30

1,164

0.50

0.70

Polk

0

0

0

0

2

2

5,983

0.10

0.14

Pulaski

0

0

0

0

2

2

8,085

0.07

0.10

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

0.08

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

53

47

0

0

12

112

1,137

0.51

0.72

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

14

433

0

0

397

844

512

1.13

1.59

Saint Louis City

220

154

0

0

130

504

350

1.65

2.33

Stone

0

0

0

0

0

0

n/a

0.00

0.00

Sullivan

0

0

0

0

0

0

n/a

0.00

0.00

Taney

0

0

0

0

0

0

n/a

0.00

0.00

Texas

0

0

0

0

0

0

n/a

0.00

0.00

Vernon

0

0

0

0

0

0

n/a

0.00

0.00

Warren

0

1

0

0

0

1

13,071

0.04

0.06

Washington

0

0

0

0

0

0

n/a

0.00

0.00

Wayne

0

0

0

0

0

0

n/a

0.00

0.00

Webster

0

1

0

0

0

1

13,015

0.04

0.06

Worth

0

0

0

0

0

0

n/a

0.00

0.00

Wright

0

2

0

0

0

2

4,076

0.14

0.20

 

 

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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