MISSOURI FORECLOSURE ACTIVITY DOWN 7 PERCENT IN NOVEMBER

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Foreclosure Activity Up 108 Percent From a Year Ago

 

IRVINE, Calif. – Dec. 19, 2007 – Missouri reported 3,339 foreclosure filings in November, a 7 percent decrease from the previous month, but still a 108 percent increase from November 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.

 

“Employment in Missouri is on the decline, which is likely contributing to the state’s elevated foreclosure activity as compared to this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Still, the state is seeing a slight decrease in foreclosure activity as compared to last month.”

 

Missouri ranked 17th in the country in total foreclosures reported for November. The state’s foreclosure rate of one foreclosure filing for every 777 households ranked it 13th among the 50 states.

 

Two counties accounts for more than half of the state’s activity

Saint Louis County led the state with 994 foreclosure filings for the month. Jackson County reported the second highest state total, with 833 foreclosure filings. Saint Louis City County posted the third highest foreclosure total, with 649 foreclosure filings. Saint Charles County had the fourth highest state total, with 175 filings entering some part of the foreclosure pipeline.

 

Saint Louis City County posts highest foreclosure rate for November

Saint Louis City County tallied the highest foreclosure rate in Missouri for November, one foreclosure filing for every 272 households — 2.9 times the state average and 2.3 times the national average. Jackson County registered the second highest foreclosure rate, one foreclosure filing for every 369 households — 2.1 times the state average and 1.7 times the national average. Saint Louis County posted the third highest foreclosure rate, one foreclosure filing for every 435 households — 1.8 times the state average and 1.4 times the national average.

 

State makes a contribution to national total

Total foreclosure filings in Missouri accounted for less than 2 percent of the 201,950 foreclosure filings reported nationwide in November. The national total represents a 10 percent decrease from the previous month, but is still 68 percent above the total reported for November 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 617 U.S. households for the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of homes in some stage of foreclosure nationwide, by state and by county. 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 – November 2007

 

County

NOD

NTS

NFS

LIS

REO

Total Filings

Households per Filing

/National Average

/State Average

 

 

 

United States

35,096

51,696

20,269

48,451

46,438

201,950

617

n/a

n/a

Missouri

560

1,644

0

0

1,135

3,339

777

0.79

n/a

 

 

 

 

 

 

 

 

 

Adair

0

2

0

0

0

2

5,613

0.11

0.14

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

0

0

0

0

0

n/a

0.00

0.00

Barton

0

0

0

0

0

0

n/a

0.00

0.00

Bates

0

0

0

0

0

0

n/a

0.00

0.00

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

9

0

0

0

9

7,254

0.09

0.11

Buchanan

17

5

0

0

16

38

987

0.62

0.79

Butler

3

0

0

0

0

3

6,425

0.10

0.12

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

1

0

0

0

1

35,273

0.02

0.02

Cape Girardeau

17

0

0

0

2

19

1,625

0.38

0.48

Carroll

0

1

0

0

0

1

4,982

0.12

0.16

Carter

0

0

0

0

0

0

n/a

0.00

0.00

Cass

0

5

0

0

23

28

1,314

0.47

0.59

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

1

4

0

0

1

6

4,432

0.14

0.18

Clark

0

0

0

0

0

0

n/a

0.00

0.00

Clay

111

4

0

0

29

144

574

1.07

1.35

Clinton

0

0

0

0

0

0

n/a

0.00

0.00

Cole

0

1

0

0

2

3

10,474

0.06

0.07

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

1

0

0

0

1

3,979

0.15

0.20

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

0

0

0

0

0

n/a

0.00

0.00

Dunklin

0

0

0

0

0

0

n/a

0.00

0.00

Franklin

28

4

0

0

11

43

967

0.64

0.80

Gasconade

0

0

0

0

1

1

8,090

0.08

0.10

Gentry

0

0

0

0

0

0

n/a

0.00

0.00

Greene

93

26

0

0

28

147

786

0.78

0.99

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

0

0

0

0

0

n/a

0.00

0.00

Howell

1

1

0

0

1

3

5,705

0.11

0.14

Iron

0

0

0

0

0

0

n/a

0.00

0.00

Jackson

36

437

0

0

360

833

369

1.67

2.10

Jasper

23

3

0

0

5

31

1,560

0.40

0.50

Jefferson

76

65

0

0

17

158

529

1.17

1.47

Johnson

0

0

0

0

0

0

n/a

0.00

0.00

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

1

1

4,780

0.13

0.16

Lincoln

0

3

0

0

1

4

4,242

0.15

0.18

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

1

0

0

0

1

12,727

0.05

0.06

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

1

1

12,008

0.05

0.06

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

1

0

0

0

1

8,907

0.07

0.09

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

2

0

0

0

1

3

2,706

0.23

0.29

Pettis

0

1

0

0

0

1

17,328

0.04

0.04

Phelps

0

1

0

0

0

1

18,779

0.03

0.04

Pike

0

0

0

0

0

0

n/a

0.00

0.00

Platte

0

2

0

0

25

27

1,294

0.48

0.60

Polk

0

1

0

0

0

1

11,965

0.05

0.06

Pulaski

0

0

0

0

1

1

16,169

0.04

0.05

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

0

0

0

0

0

n/a

0.00

0.00

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

59

96

0

0

20

175

727

0.85

1.07

Saint Clair

0

0

0

0

0

0

n/a

0.00

0.00

Saint Francois

0

1

0

0

0

1

25,833

0.02

0.03

Saint Louis

6

658

0

0

330

994

435

1.42

1.78

Saint Louis City

87

307

0

0

255

649

272

2.27

2.86

Sainte Genevieve

0

1

0

0

0

1

8,277

0.07

0.09

Saline

0

0

0

0

0

0

n/a

0.00

0.00

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

1

0

0

1

2

8,779

0.07

0.09

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

0

0

0

0

0

n/a

0.00

0.00

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

2

2

11,221

0.05

0.07

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

0

0

0

0

0

n/a

0.00

0.00

Washington

0

1

0

0

0

1

10,312

0.06

0.08

Wayne

0

0

0

0

0

0

n/a

0.00

0.00

Webster

0

0

0

0

1

1

13,015

0.05

0.06

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 construction properties, 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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