MISSOURI FORECLOSURE ACTIVITY UP 32 PERCENT IN OCTOBER

Foreclosure Activity Up 111 Percent From October 2006

 

IRVINE, Calif. – Nov. 26, 2007 – Missouri reported 3,585 foreclosure filings in October, a 32 percent increase from the previous month, and a 111 percent increase from October 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,” said James J. Saccacio, chief executive officer of RealtyTrac.

 

Missouri ranked 16th in the country in total foreclosures reported for October. The state’s foreclosure rate of one foreclosure filing for every 723 households ranked it 14th among the 50 states.

 

Jackson County leads state in foreclosure activity

Jackson County led the state in foreclosure activity for October, with 1,072 foreclosure filings for the month. Saint Louis County reported the second highest foreclosure total, with 698 foreclosure filings. Saint Louis City County posted the third highest foreclosure total, with 563 foreclosure filings. Jasper County registered the fourth highest foreclosure total, with 327 foreclosure filings entering some part of the foreclosure pipeline.

 

Jasper County posts highest foreclosure rate

Jasper County tallied the highest foreclosure rate in Missouri for October, with one foreclosure filing for every 148 households — 4.9 times the state average and 3.8 times the national average. Jackson County registered the second highest foreclosure rate, with one foreclosure filing for every 287 households — 2.5 times the state average. Saint Louis City County posted the third highest foreclosure rate, with one foreclosure filing for every 313 households — 2.3 times the state average.

 

State makes contribution to national total

Total foreclosure filings in Missouri accounted for 2 percent of the 224,451 foreclosure filings reported nationwide in October. The national total represents a 2 percent increase from the previous month, and is 94 percent above the total reported for October 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 555 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 – October 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

41,404

58,597

22,485

48,356

53,609

224,451

555

n/a

n/a

Missouri

944

963

0

0

1,678

3,585

723

0.77

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

1

1

3,140

0.18

0.23

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

1

0

0

3

4

1,884

0.29

0.38

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

7

0

0

1

8

8,160

0.07

0.09

Buchanan

25

12

0

0

16

53

707

0.78

1.02

Butler

4

0

0

0

4

8

2,409

0.23

0.30

Caldwell

0

0

0

0

1

1

4,659

0.12

0.16

Callaway

0

1

0

0

0

1

17,147

0.03

0.04

Camden

0

1

0

0

1

2

17,637

0.03

0.04

Cape Girardeau

0

1

0

0

1

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

6

0

0

28

34

1,082

0.51

0.67

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

3

0

0

2

5

5,318

0.10

0.14

Clark

0

0

0

0

0

0

n/a  

0.00

0.00

Clay

99

7

0

0

104

210

394

1.41

1.84

Clinton

0

0

0

0

2

2

4,349

0.13

0.17

Cole

0

0

0

0

4

4

7,856

0.07

0.09

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

1

2

3,622

0.15

0.20

Daviess

0

0

0

0

0

0

n/a 

0.00

0.00

De Kalb

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

20

3

0

0

16

39

1,066

0.52

0.68

Gasconade

0

0

0

0

1

1

8,090

0.07

0.09

Gentry

0

0

0

0

1

1

3,277

0.17

0.22

Greene

89

14

0

0

42

145

797

0.70

0.91

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

10,621

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

1

1

4,464

0.12

0.16

Howell

1

0

0

0

3

4

4,279

0.13

0.17

Iron

0

0

0

0

0

0

n/a  

0.00

0.00

Jackson

46

485

0

0

541

1,072

287

1.93

2.52

Jasper

157

2

0

0

168

327

148

3.75

4.89

Jefferson

101

1

0

0

31

133

628

0.88

1.15

Johnson

0

1

0

0

0

1

20,136

0.03

0.04

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

1

1

14,319

0.04

0.05

Lawrence

0

1

0

0

2

3

5,151

0.11

0.14

Lewis

0

0

0

0

0

0

n/a  

0.00

0.00

Lincoln

0

0

0

0

2

2

8,484

0.07

0.09

Linn

0

0

0

0

1

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

1

1

7,680

0.07

0.09

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

9,655

0.06

0.07

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

1

0

0

0

1

5,945

0.09

0.12

Monroe

0

0

0

0

1

1

4,813

0.12

0.15

Montgomery

0

0

0

0

1

1

6,091

0.09

0.12

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

1

1

22,953

0.02

0.03

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

2

4

2,030

0.27

0.36

Pettis

0

0

0

0

1

1

17,328

0.03

0.04

Phelps

1

0

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

1

0

0

12

13

2,687

0.21

0.27

Polk

0

1

0

0

0

1

11,965

0.05

0.06

Pulaski

0

0

0

0

0

0

n/a 

0.00

0.00

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

2

0

0

0

2

4,995

0.11

0.14

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

128

32

0

0

47

207

615

0.90

1.18

Saint Clair

0

0

0

0

0

0

n/a  

0.00

0.00

Saint Francois

0

0

0

0

1

1

25,833

0.02

0.03

Saint Louis

12

241

0

0

445

698

620

0.90

1.17

Saint Louis City

259

132

0

0

172

563

313

1.77

2.31

Sainte Genevieve

0

1

0

0

0

1

8,277

0.07

0.09

Saline

0

1

0

0

0

1

10,296

0.05

0.07

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

2

0

0

2

4

4,389

0.13

0.16

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

2

2

6,849

0.08

0.11

Stone

0

1

0

0

0

1

17,194

0.03

0.04

Sullivan

0

0

0

0

0

0

n/a  

0.00

0.00

Taney

0

0

0

0

3

3

7,480

0.07

0.10

Texas

0

0

0

0

1

1

11,196

0.05

0.06

Vernon

0

0

0

0

0

0

n/a  

0.00

0.00

Warren

0

0

0

0

1

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

1

2

6,508

0.09

0.11

Worth

0

0

0

0

0

0

n/a  

0.00

0.00

Wright

0

0

0

0

2

2

4,076

0.14

0.18

 

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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