MISSOURI FORECLOSURE ACTIVITY UP 5 PERCENT IN JANUARY

Foreclosure Activity Up 48 Percent From January 2007

 

IRVINE, Calif. – Feb. 26, 2008 – Missouri reported 3,359 foreclosure filings in January, a 5 percent increase from the previous month, and a 48 percent increase from January 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.

 

“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 20th in the country in total foreclosures reported for January. The state’s foreclosure rate of one foreclosure filing for every 772 households ranked it 20th among the 50 states.

 

Saint Louis County reports highest foreclosure total

Saint Louis County led the state in total foreclosure filings in Missouri for the month, reporting 1,041 foreclosure filings in January. Jackson County posted the second highest foreclosure total, reporting 885 foreclosure filings. Saint Louis City County had the third highest foreclosure total, with 467 foreclosure filings for the month.

 

Jackson County posts highest foreclosure rate

Jackson County posted the highest foreclosure rate in Missouri for January, one foreclosure filing for every 348 households — 2.2 times the state average. Saint Louis City County reported the second highest foreclosure rate, one foreclosure filing for every 377 households — 2.1 times the state average. Saint Louis County registered the third highest foreclosure rate, one foreclosure filing for every 415 households — 1.9 times the state average.

 

State a minor contributor to nation’s total in January

Total foreclosure filings in Missouri accounted for less than 2 percent of the 223,001 foreclosure filings reported nationwide in January. The national total represents an 8 percent increase from the previous month, and is 57 percent above the total reported for January 2007. The nation’s foreclosure rate increased to one foreclosure filing for every 534 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 – January 2008

 

County

NOD

NTS

NFS

LIS

REO

Total

Households per filing

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

52,321

60,101

19,662

55,590

45,327

233,001

534

n/a

n/a

Missouri

746

1,621

0

0

992

3,359

772

0.69

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

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

1

0

0

0

1

13,174

0.04

0.06

Bollinger

0

0

0

0

0

0

 n/a

0.00

0.00

Boone

0

9

0

0

0

9

7,254

0.07

0.11

Buchanan

6

14

0

0

4

24

1,562

0.34

0.49

Butler

11

0

0

0

1

12

1,606

0.33

0.48

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

0

1

0

0

0

1

30,872

0.02

0.03

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

1

13

0

0

42

56

657

0.81

1.17

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

5

0

0

0

0

5

5,318

0.10

0.15

Clark

0

0

0

0

0

0

 n/a

0.00

0.00

Clay

109

10

0

0

29

148

558

0.96

1.38

Clinton

0

1

0

0

0

1

8,698

0.06

0.09

Cole

0

0

0

0

0

0

 n/a

0.00

0.00

Cooper

0

1

0

0

0

1

7,092

0.08

0.11

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

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

1

0

0

0

1

7,203

0.07

0.11

Douglas

0

0

0

0

0

0

 n/a

0.00

0.00

Dunklin

0

1

0

0

0

1

15,117

0.04

0.05

Franklin

49

3

0

0

17

69

603

0.89

1.28

Gasconade

0

0

0

0

0

0

 n/a

0.00

0.00

Gentry

0

0

0

0

0

0

 n/a

0.00

0.00

Greene

79

16

0

0

26

121

955

0.56

0.81

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

0

0

0

2

3

5,705

0.09

0.14

Iron

0

0

0

0

0

0

 n/a

0.00

0.00

Jackson

52

450

0

0

383

885

348

1.54

2.22

Jasper

19

2

0

0

7

28

1,727

0.31

0.45

Jefferson

100

62

0

0

26

188

445

1.20

1.74

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

1

0

0

0

1

14,319

0.04

0.05

Lawrence

0

0

0

0

0

0

 n/a

0.00

0.00

Lewis

0

0

0

0

0

0

 n/a

0.00

0.00

Lincoln

1

1

0

0

0

2

8,484

0.06

0.09

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

0

0

0

0

0

 n/a

0.00

0.00

McDonald

0

0

0

0

1

1

9,655

0.06

0.08

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

2

0

0

0

2

7,236

0.07

0.11

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

0

0

0

0

0

0

 n/a

0.00

0.00

Pettis

0

0

0

0

0

0

 n/a

0.00

0.00

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

3

0

0

12

15

2,329

0.23

0.33

Polk

0

0

0

0

6

6

1,994

0.27

0.39

Pulaski

7

0

0

0

1

8

2,021

0.26

0.38

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

140

73

0

0

43

256

497

1.07

1.55

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

8

739

0

0

294

1,041

415

1.29

1.86

Saint Louis City

158

211

0

0

98

467

377

1.42

2.05

Sainte Genevieve

0

1

0

0

0

1

8,277

0.06

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

0

0

0

0

0

 n/a

0.00

0.00

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

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

0

0

 n/a

0.00

0.00

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

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

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

1

0

0

0

1

8,152

0.07

0.09

 

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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