MISSOURI FORECLOSURE ACTIVITY UP 27 PERCENT IN FEBRUARY

Foreclosure Activity Decreases 10 Percent From February 2008

 

IRVINE, Calif. – March 27, 2009 – Missouri reported 3,129 properties with foreclosure filings in February, a 27 percent increase from the previous month, and 10 percent below the level reported for February 2008, 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 1.5 million properties from over 2,200 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.

 

“Foreclosure activity rose in Missouri in February, though it remained below the level reported for the same time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Missouri’s unemployment is also on the rise, likely adding to the state’s mounting foreclosure filings.”

 

Missouri ranked 19th in the country in total properties with foreclosure filings for February. One in every 846 Missouri housing units received a foreclosure filing during the month, the 21st highest state foreclosure rate in the nation.

 

Saint Louis County leads state in foreclosure activity

Saint Louis County led the state, reporting 1,058 properties with foreclosure filings for the month. Jackson County was second highest, reporting 636 properties with foreclosure filings. Third highest was Saint Louis City County, reporting 440 properties with foreclosure filings. Greene County was in fourth place, documenting 252 properties with foreclosure filings. Fifth highest total was tallied in Saint Charles County, where 222 properties with foreclosure filings were reported.

 

Saint Louis City County posts top foreclosure rate

Saint Louis City County reported the highest county foreclosure rate in Missouri for February, with one in every 409 housing units receiving a foreclosure filing — 2.1 times the state average and 1.1 times the national average. Saint Louis County came in second, with one in every 411 housing units receiving a foreclosure filing — 2.1 times the state average and 1.1 times the national average. Greene County posted the third highest foreclosure rate, where one in every 481 housing units received a foreclosure filing during the month — 1.8 times the state average.

 

State a minor contributor to nation’s foreclosure total in February

Missouri accounted for 1 percent of the 290,631 properties with foreclosure filings reported nationwide in February. The national total represented a 6 percent increase in activity from the previous month and was 30 percent ahead of the total reported for February 2008. One in every 440 U.S. housing units received a foreclosure filing during the month.

 

Report methodology

The RealtyTrac Monthly U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the month — broken out by type of filing at the county, state and national level. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default Notice 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 filed against a property during the month — which is extremely rare — 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 Foreclosure Market Data by County – February 2009

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

54,064

55,509

78,234

28,729

74,095

290,631

440

n/a

n/a

Missouri

3

0

1,592

0

1,534

3,129

846

0.52

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

2

2

5,545

0.08

0.15

Barry

0

0

0

0

1

1

16,846

0.03

0.05

Barton

0

0

0

0

3

3

1,875

0.23

0.45

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

0

0

0

15

15

4,615

0.10

0.18

Buchanan

0

0

0

0

24

24

1,570

0.28

0.54

Butler

0

0

0

0

12

12

1,605

0.27

0.53

Caldwell

0

0

0

0

0

0

 n/a

0.00

0.00

Callaway

0

0

0

0

2

2

8,681

0.05

0.10

Camden

0

0

0

0

5

5

7,115

0.06

0.12

Cape Girardeau

0

0

0

0

2

2

15,612

0.03

0.05

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

0

2

0

75

77

504

0.87

1.68

Cedar

0

0

0

0

1

1

7,080

0.06

0.12

Chariton

0

0

0

0

0

0

 n/a

0.00

0.00

Christian

0

0

4

0

10

14

2,116

0.21

0.40

Clark

0

0

0

0

0

0

 n/a

0.00

0.00

Clay

2

0

1

0

73

76

1,116

0.39

0.76

Clinton

0

0

0

0

2

2

4,457

0.10

0.19

Cole

0

0

0

0

2

2

16,036

0.03

0.05

Cooper

0

0

0

0

1

1

7,103

0.06

0.12

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

2

2

3,636

0.12

0.23

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

1

1

7,197

0.06

0.12

Douglas

0

0

0

0

1

1

6,144

0.07

0.14

Dunklin

0

0

0

0

1

1

15,082

0.03

0.06

Franklin

0

0

1

0

3

4

10,741

0.04

0.08

Gasconade

0

0

0

0

1

1

8,099

0.05

0.10

Gentry

0

0

0

0

0

0

 n/a

0.00

0.00

Greene

1

0

173

0

78

252

481

0.92

1.76

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

1

1

10,654

0.04

0.08

Hickory

0

0

0

0

0

0

 n/a

0.00

0.00

Holt

0

0

0

0

1

1

3,001

0.15

0.28

Howard

0

0

0

0

0

0

 n/a

0.00

0.00

Howell

0

0

0

0

1

1

17,261

0.03

0.05

Iron

0

0

0

0

2

2

2,530

0.17

0.33

Jackson

0

0

232

0

404

636

497

0.88

1.70

Jasper

0

0

1

0

6

7

7,022

0.06

0.12

Jefferson

0

0

104

0

38

142

607

0.73

1.39

Johnson

0

0

0

0

4

4

5,143

0.09

0.16

Knox

0

0

0

0

0

0

 n/a

0.00

0.00

Laclede

0

0

1

0

5

6

2,578

0.17

0.33

Lafayette

0

0

1

0

3

4

3,626

0.12

0.23

Lawrence

0

0

0

0

5

5

3,101

0.14

0.27

Lewis

0

0

0

0

0

0

 n/a

0.00

0.00

Lincoln

0

0

1

0

3

4

4,359

0.10

0.19

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

1

1

7,682

0.06

0.11

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

1

1

9,654

0.05

0.09

Mercer

0

0

0

0

0

0

 n/a

0.00

0.00

Miller

0

0

0

0

1

1

11,994

0.04

0.07

Mississippi

0

0

0

0

1

1

5,931

0.07

0.14

Moniteau

0

0

0

0

2

2

2,964

0.15

0.29

Monroe

0

0

0

0

0

0

 n/a

0.00

0.00

Montgomery

0

0

0

0

1

1

6,205

0.07

0.14

Morgan

0

0

0

0

3

3

4,807

0.09

0.18

New Madrid

0

0

0

0

0

0

 n/a

0.00

0.00

Newton

0

0

0

0

2

2

11,521

0.04

0.07

Nodaway

0

0

0

0

2

2

4,756

0.09

0.18

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

1

1

5,313

0.08

0.16

Pemiscot

0

0

0

0

0

0

 n/a

0.00

0.00

Perry

0

0

0

0

1

1

8,173

0.05

0.10

Pettis

0

0

0

0

2

2

8,682

0.05

0.10

Phelps

0

0

0

0

3

3

6,376

0.07

0.13

Pike

0

0

0

0

3

3

2,570

0.17

0.33

Platte

0

0

1

0

17

18

2,034

0.22

0.42

Polk

0

0

0

0

4

4

3,026

0.15

0.28

Pulaski

0

0

1

0

5

6

2,736

0.16

0.31

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

1

0

2

3

3,394

0.13

0.25

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

0

0

189

0

33

222

605

0.73

1.40

Saint Clair

0

0

0

0

0

0

 n/a

0.00

0.00

Saint Francois

0

0

1

0

4

5

5,282

0.08

0.16

Saint Louis

0

0

613

0

445

1,058

411

1.07

2.06

Saint Louis City

0

0

262

0

178

440

409

1.08

2.07

Sainte Genevieve

0

0

1

0

0

1

8,276

0.05

0.10

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

0

0

0

5

5

3,526

0.12

0.24

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

6

6

2,967

0.15

0.29

Sullivan

0

0

0

0

0

0

 n/a

0.00

0.00

Taney

0

0

0

0

13

13

1,900

0.23

0.45

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

2

2

6,943

0.06

0.12

Washington

0

0

0

0

2

2

5,129

0.09

0.16

Wayne

0

0

0

0

0

0

 n/a

0.00

0.00

Webster

0

0

2

0

1

3

4,429

0.10

0.19

Worth

0

0

0

0

0

0

 n/a

0.00

0.00

Wright

0

0

0

0

3

3

2,712

0.16

0.31

 

About RealtyTrac Inc.

RealtyTrac (www.realtytrac.com) is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting more than 3 million unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate.

Cited by thousands of media outlets each quarter — including all the major news networks, leading publications such as The Wall Street Journal, The New York Times, and USA TODAY, RealtyTrac’s foreclosure data also has been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

 

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