Missouri Foreclosure Activity Drops in November

Statewide filings down 6 percent from October

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 2,305 Missouri properties in November, a 6 percent decrease from October and 32 percent below the level reported for November 2010, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

Missouri had the 25th highest foreclosure rate in the nation, reporting one in every 1,164 housing units with a foreclosure filing in November.

Jefferson County posts top foreclosure rate in the state for November
 One in every 605 housing units in Jefferson County had a foreclosure filing in November — on par with the national average and 1.9 times the state average — the highest foreclosure rate of all Missouri counties for the month. Saint Louis County had the second highest rate of one in every 621 housing units with a foreclosure filing during the month — 1.9 times the state average. Jackson County had the third highest rate of one in every 635 housing units with a foreclosure filing during the month — 1.8 times the state average.

Saint Louis County has the highest foreclosure total in November
 Saint Louis County tallied the highest level of foreclosure activity in the state, reporting 702 properties with foreclosure filings for the month. Jackson County had the second highest total, reporting 492 properties with foreclosure filings. Saint Louis City was third, reporting 280 properties with foreclosure filings. Fourth highest was Saint Charles County, recording 210 properties with foreclosure filings. Jefferson County was fifth highest, tallying 146 properties with foreclosure filings for the month.

State a moderate contributor to total foreclosure activity in November
 Missouri accounted for 1 percent of the 224,394 properties with foreclosure filings reported nationwide in November. Total U.S. activity decreased by 3 percent from October and was down over 14 percent from the level reported in November 2010. One in every 579 U.S. housing units received a foreclosure filing during the month.

“Despite a seasonal slowdown similar to what we’ve seen in each of the past four years, November’s numbers suggest a new set of incoming foreclosure waves, many of which may roll into the market as REOs or short sales sometime early next year,” said James Saccacio, co-founder of RealtyTrac. “Overall foreclosure activity is down 14 percent from a year ago, the smallest annual decrease over the past 12 months, and some bellwether states such as California, Ohio and Missouri actually posted year-over-year increases in foreclosure activity in November.

“Scheduled foreclosure auctions reached a nine-month high in November, corresponding to a recent surge in default notices that began back in August,” Saccacio continued. “Many of the new defaults that started the foreclosure process over the past few months are now being scheduled for public foreclosure auction.”

Missouri Top Foreclosure Rates By County – November 2011

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

37,397

34,333

74,100

22,440

56,124

224,394

579

n/a

n/a

Missouri

0

0

1,622

0

683

2,305

1,164

0.50

n/a

 

 

 

 

 

 

 

 

 

 

Jefferson

0

0

128

0

18

146

605

0.96

1.92

Saint Louis

0

0

526

0

176

702

621

0.93

1.87

Jackson

0

0

355

0

137

492

635

0.91

1.83

Saint Louis City

0

0

177

0

103

280

648

0.89

1.80

Saint Charles

0

0

132

0

78

210

658

0.88

1.77

 Missouri Top Foreclosure Totals by County – November 2011

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Oct 11

% Chg Nov 10

 

 

 

 

 

 

 

 

 

 

United States

37,397

34,333

74,100

22,440

56,124

224,394

579

-2.72

-14.46

Missouri

0

0

1,622

0

683

2,305

1,164

-5.69

-31.72

 

 

 

 

 

 

 

 

 

 

Saint Louis

0

0

526

0

176

702

621

7.50

-16.73

Jackson

0

0

355

0

137

492

635

-18.14

-35.69

Saint Louis City

0

0

177

0

103

280

648

0.72

1.82

Saint Charles

0

0

132

0

78

210

658

19.32

-8.70

Jefferson

0

0

128

0

18

146

605

52.08

-9.32

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