Missouri Foreclosure Activity Down Slightly in November

Statewide filings fall less than 1 percent from October; up 12 from previous year

 

Missouri foreclosure activity fell in November to 3,217 properties with foreclosure filings, down less than 1 percent from the previous month, according to the latest RealtyTrac® U.S. Foreclosure Market Report. The monthly total is 12 percent ahead of the level reported in November 2008.

 

“Missouri foreclosures were down slightly in November,” said James J. Saccacio, chief executive officer of RealtyTrac. “The largest decline was in auctions, which fell 7 percent for the month. “The state’s unemployment rate still remains below the national average and home prices have been picking up. These factors are likely driving the recent decrease.”

 

Missouri ranked 23rd in the country in total foreclosures reported for the month. With one in every 823 housing units receiving a foreclosure filing, its foreclosure rate ranked 27th among the 50 states.

 

Jackson County posts state’s highest foreclosure rate in November

Jackson County posted the highest county foreclosure rate in the state for November, with one in every 282 housing units receiving a foreclosure filing — 1.5 times the national average and 2.9 times the state average. Saint Charles County had the second highest rate, with one in every 533 housing units receiving a foreclosure filing — 1.5 times the state average. Saint Louis County came in third highest, with one in every 539 housing units receiving a foreclosure filing — 1.5 times the state average.

 

Jackson County led state in total foreclosure filings for November

Jackson County led all counties, totaling 1,120 properties with foreclosure filings for the month. Saint Louis County was second highest, documenting 807 properties with foreclosure filings. Reporting 319 properties with foreclosure filings for the month, Saint Louis City had the third highest total in the state, while Saint Charles County was fourth highest, reporting 252 properties with foreclosure filings for the month.

 

State contributed 1 percent to nation’s foreclosure total in November

Missouri accounted for 1 percent of the 306,627 properties with foreclosure filings reported nationwide in November. Total U.S. activity declined nearly 8 percent from the previous month but was still 18 percent ahead of November 2008. One in every 417 U.S. housing units received a foreclosure filing during the month.

 

Report methodology

The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the RealtyTrac database during the month — broken out by type of filing by state, county and metropolitan statistical area. Some foreclosure filings entered into the database during the month may have been recorded in previous months. Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90 percent of the U.S. population. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: DefaultNotice of Default (NOD) and Lis Pendens (LIS); Auction — 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). If more than one foreclosure document is received for a property during the month, only the most recent filing is counted in the report. The report also checks if the same type of document was filed against a property in a previous month. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state the property is in, the report does not count the property in the current month.

 

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

 

 

Missouri Top Foreclosure Rates by County – November 2009

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

44,757

69,413

81,843

33,913

76,701

306,627

417

n/a

n/a

Missouri

4

0

1,944

0

1,269

3,217

823

0.51

n/a

 

 

 

 

 

 

 

 

 

 

Jackson

0

0

611

0

509

1,120

282

1.48

2.91

Saint Charles

0

0

194

0

58

252

533

0.78

1.54

Saint Louis

0

0

667

0

140

807

539

0.77

1.53

Saint Louis City

0

0

262

0

57

319

564

0.74

1.46

Jefferson

0

0

131

0

12

143

602

0.69

1.37

 

 

 

Missouri Top Foreclosure Totals by County – November 2009

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Oct 09

% Chg Nov 08

 

 

 

 

 

 

 

 

 

 

United States

44,757

69,413

81,843

33,913

76,701

306,627

417

-7.72

18.35

Missouri

4

0

1,944

0

1,296

3,217

823

-0.03

11.51

 

 

 

 

 

 

 

 

 

 

Jackson

0

0

611

0

509

1,120

282

1.48

2.91

Saint Louis

0

0

667

0

140

807

539

0.77

1.53

Saint Louis City

0

0

262

0

57

319

564

0.74

1.46

Saint Charles

0

0

194

0

58

252

533

0.78

1.54

Greene

0

0

52

0

91

143

847

0.49

0.97

 

 

 

 

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved