MISSOURI FORECLOSURE ACTIVITY UP 3 PERCENT IN FEBRUARY

Yearly Foreclosure Activity Up 47 Percent From February 2007

 

IRVINE, Calif. – March 26, 2008 – Missouri reported 3,469 properties with foreclosure filings for February 2008, a 3 percent increase for the month, and a 47 percent increase from February 2007, 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.

 

Missouri foreclosures are up both in February and from this time last year, said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show 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 properties with foreclosure filings reported for February. One in every 747 Missouri households received a foreclosure filing in February, ranking the state 18th among the 50 states.

 

Saint Louis County accounts for bulk of state activity

Saint Louis County reported 1,186 properties with foreclosure filings, the most of any county for the month. Jackson County was second, reporting 723 properties with filings for the month, followed by Saint Louis City County with 679 properties with foreclosure filings. Saint Charles County came in fourth with 239 properties with foreclosure filings, followed by Jefferson County with 205 properties with foreclosure filings.

 

Saint Louis City posts highest foreclosure rate

Saint Louis City County reported the highest foreclosure rate in Missouri for February, one in every 260 households receiving a foreclosure filing — 2.9 times the state average. Saint Louis County posted the second highest foreclosure rate, one in every 365 households receiving a foreclosure filing — 2.1 times the state average. Jefferson County posted the third highest foreclosure rate, one in every 408 households receiving a foreclosure filing — 1.8 times the state average. Jackson County was fourth, reporting one in every 426 households receiving a foreclosure filing — 1.8 times the state average.

 

State contributes 2 percent to nation’s monthly total

Total foreclosure filings in Missouri accounted for 2 percent of the 223,651 foreclosure filings reported nationwide in February. The national total represents a 4 percent decrease from the previous month, and is 60 percent above the total reported for February 2007. One in every 557 U.S. households received a foreclosure filing during 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 – February 2008

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

50,813

53,319

20,132

52,879

46,508

223,651

557

n/a

n/a

Missouri

780

1,662

0

0

1,027

3,469

747

0.74

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

1

0

0

0

1

11,098

0.05

0.07

Barry

0

0

0

0

0

0

 n/a

0.00

0.00

Barton

0

1

0

0

0

1

5,630

0.10

0.13

Bates

0

1

0

0

0

1

7,537

0.07

0.10

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

2

0

0

0

2

32,642

0.02

0.02

Buchanan

1

8

0

0

2

11

3,409

0.16

0.22

Butler

12

0

0

0

0

12

1,606

0.35

0.47

Caldwell

0

2

0

0

0

2

2,330

0.24

0.32

Callaway

0

1

0

0

0

1

17,147

0.03

0.04

Camden

0

0

0

0

0

0

 n/a

0.00

0.00

Cape Girardeau

0

2

0

0

0

2

15,436

0.04

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

7

0

0

27

34

1,082

0.51

0.69

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

24

2

0

0

0

26

1,023

0.54

0.73

Clark

0

0

0

0

0

0

 n/a

0.00

0.00

Clay

115

3

0

0

35

153

540

1.03

1.38

Clinton

0

2

0

0

0

2

4,349

0.13

0.17

Cole

0

2

0

0

0

2

15,712

0.04

0.05

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

1

0

0

0

1

7,243

0.08

0.10

Daviess

0

1

0

0

0

1

3,979

0.14

0.19

De Kalb

0

0

0

0

0

0

 n/a

0.00

0.00

Dent

0

1

0

0

0

1

7,203

0.08

0.10

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

5

3

0

0

1

9

4,620

0.12

0.16

Gasconade

0

0

0

0

0

0

 n/a

0.00

0.00

Gentry

0

1

0

0

0

1

3,277

0.17

0.23

Greene

45

33

0

0

23

101

1,144

0.49

0.65

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

1

0

0

0

1

10,621

0.05

0.07

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

4

0

0

0

0

4

4,279

0.13

0.17

Iron

0

0

0

0

0

0

 n/a

0.00

0.00

Jackson

103

254

0

0

366

723

426

1.31

1.76

Jasper

0

3

0

0

0

3

16,121

0.03

0.05

Jefferson

61

127

0

0

17

205

408

1.37

1.83

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

2

0

0

0

2

7,160

0.08

0.10

Lawrence

0

1

0

0

1

2

7,727

0.07

0.10

Lewis

0

0

0

0

0

0

 n/a

0.00

0.00

Lincoln

0

1

0

0

0

1

16,968

0.03

0.04

Linn

0

1

0

0

0

1

6,683

0.08

0.11

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

1

0

0

0

1

4,314

0.13

0.17

Marion

1

0

0

0

0

1

12,727

0.04

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

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

7

0

0

0

2

9

902

0.62

0.83

Pettis

0

2

0

0

0

2

8,664

0.06

0.09

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

0

4

0

0

23

27

1,294

0.43

0.58

Polk

0

0

0

0

3

3

3,988

0.14

0.19

Pulaski

6

2

0

0

0

8

2,021

0.28

0.37

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

105

107

0

0

27

239

533

1.05

1.40

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

18

777

0

0

391

1,186

365

1.53

2.05

Saint Louis City

273

299

0

0

107

679

260

2.14

2.88

Sainte Genevieve

0

0

0

0

0

0

 n/a

0.00

0.00

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

1

1

17,557

0.03

0.04

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

2

0

0

0

2

8,597

0.06

0.09

Sullivan

0

0

0

0

0

0

 n/a

0.00

0.00

Taney

0

1

0

0

0

1

22,441

0.02

0.03

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

1

0

0

1

2

5,156

0.11

0.14

Wayne

0

0

0

0

0

0

 n/a

0.00

0.00

Webster

0

0

0

0

0

0

 n/a

0.00

0.00

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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