MISSOURI FORECLOSURES DECREASE 36 PERCENT IN APRIL

Market Activity Doubles From a Year Ago

Saint Louis County Posts State’s Highest Foreclosure Rate

 

IRVINE, Calif. – May 31, 2006 – Missouri reported 999 properties entering some stage of foreclosure in April, a 36 percent decline from the previous month but more than twice the 474 foreclosures reported in April 2005, according to RealtyTrac’s April 2006 U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with more than 600,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate, AOL Real Estate and Knight Ridder Online.

 

“Even though Missouri foreclosures are down from a month ago, it should still be noted that they are double the number reported at this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “A decline in manufacturing seen in the fourth quarter of 2005, along with worsened drought conditions that affected farming, have contributed to this increase in foreclosures.”

 

With one foreclosure filing for every 2,440 households (half the national average), Missouri‘s foreclosure rate ranked 24th among the 50 states. Overall, the state total accounted for just over 1 percent of the nation’s foreclosures with 20 states reporting more filings for the month.

 

Reporting 338 properties entering some stage of foreclosure, Saint Louis County accounted for one-third of the state’s foreclosure filings in April. The county’s foreclosure rate of one foreclosure filing for every 1,254 households was one of the highest in the state (1.95 times the state average). Saint Louis City had the state’s highest foreclosure rate for the month with one foreclosure filing for every 953 households (2.6 times the state average).

 

Nationwide a total of 91,168 properties entered some stage of foreclosure in April, a 10 percent decrease from the previous month but a 33 percent year-over-year increase from April 2005. This marked the second straight month of decreasing U.S. foreclosure activity. At one foreclosure filing for every 1,268 households, the national foreclosure rate for April was higher than for any month in 2005.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of homes in some stage of foreclosure nationwide, by state and by county. RealtyTrac’s report includes properties in all three phases of foreclosure: Pre-foreclosures — Notice of Default (NOD) and Lis Pendens (LIS); Foreclosures — 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).

 

                          Missouri Foreclosure Market By County — April 2006

 

County Name

NOD

NTS

NFS

LIS

REO

Total

1 in every #households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

U.S.

21,244

38,238

2,833

9,071

19,782

91,168

1,268

Missouri

26

197

0

0

776

999

2,440

0.52

 

 

 

 

 

 

 

 

 

 

Audrain

0

0

0

0

1

1

10,881

0.12

0.22

Barry

0

0

0

0

1

1

15,964

0.08

0.15

Benton

0

1

0

0

1

2

6,346

0.20

0.38

Boone

0

0

0

0

3

3

18,893

0.07

0.13

Buchanan

0

1

0

0

16

17

2,151

0.59

1.13

Butler

0

0

0

0

1

1

18,707

0.07

0.13

Callaway

0

0

0

0

0

0

 

0.00

0.00

Camden

0

0

0

0

0

0

 

0.00

0.00

Cape Girardeau

0

0

0

0

0

0

 

0.00

0.00

Cass

0

1

0

0

3

4

7,919

0.16

0.31

Christian

0

0

0

0

1

1

21,827

0.06

0.11

Clay

0

4

0

0

24

28

2,723

0.47

0.90

Clinton

0

0

0

0

2

2

3,939

0.32

0.62

Cole

0

0

0

0

1

1

28,915

0.04

0.08

Dade

0

1

0

0

0

1

3,758

0.34

0.65

Dallas

0

1

0

0

0

1

6,014

0.21

0.41

Dent

0

0

0

0

0

0

 

0.00

0.00

Dunklin

0

0

0

0

1

1

14,682

0.09

0.17

Franklin

0

1

0

0

14

15

2,553

0.50

0.96

Greene

0

4

0

0

84

88

1,188

1.07

2.05

Henry

0

0

0

0

0

0

 

0.00

0.00

Howell

0

0

0

0

0

0

 

0.00

0.00

Jackson

2

7

0

0

138

147

1,961

0.65

1.24

Jasper

0

1

0

0

14

15

3,038

0.42

0.80

Jefferson

1

2

0

0

64

67

1,128

1.12

2.16

Johnson

0

0

0

0

1

1

18,886

0.07

0.13

Laclede

0

0

0

0

1

1

14,320

0.09

0.17

Lafayette

0

0

0

0

0

0

 

0.00

0.00

Lawrence

0

1

0

0

2

3

4,930

0.26

0.49

Lincoln

0

2

0

0

1

3

5,170

0.25

0.47

Linn

0

0

0

0

1

1

6,554

0.19

0.37

Macon

0

1

0

0

0

1

7,502

0.17

0.33

Madison

0

0

0

0

0

0

 

0.00

0.00

Miller

0

0

0

0

0

0

 

0.00

0.00

Mississippi

1

0

0

0

0

1

5,840

0.22

0.42

Moniteau

0

0

0

0

1

1

5,742

0.22

0.42

Monroe

0

0

0

0

1

1

4,565

0.28

0.53

Morgan

0

0

0

0

1

1

13,898

0.09

0.18

New Madrid

0

0

0

0

1

1

8,600

0.15

0.28

Newton

0

0

0

0

1

1

21,897

0.06

0.11

Nodaway

0

0

0

0

1

1

8,909

0.14

0.27

Pemiscot

0

0

0

0

0

0

 

0.00

0.00

Pettis

0

1

0

0

1

2

8,482

0.15

0.29

Phelps

0

0

0

0

0

0

 

0.00

0.00

Platte

0

0

0

0

5

5

6,180

0.21

0.39

Ray

0

1

0

0

1

2

4,686

0.27

0.52

Saint Charles

7

1

0

0

35

43

2,454

0.52

0.99

Saint Francois

0

0

0

0

1

1

24,449

0.05

0.10

Saint Louis

6

106

0

0

226

338

1,254

1.01

1.95

Saint Louis City

9

59

0

0

117

185

953

1.33

2.56

Sainte Genevieve

0

0

0

0

3

3

2,673

0.47

0.91

Scott

0

1

0

0

1

2

8,476

0.15

0.29

Stoddard

0

0

0

0

1

1

13,221

0.10

0.18

Stone

0

0

0

0

0

0

 

0.00

0.00

Sullivan

0

0

0

0

1

1

3,364

0.38

0.73

Taney

0

0

0

0

1

1

19,688

0.06

0.12

Vernon

0

0

0

0

0

0

 

0.00

0.00

Washington

0

0

0

0

0

0

 

0.00

0.00

Wayne

0

0

0

0

1

1

7,496

0.17

0.33

Webster

0

0

0

0

1

1

12,052

0.11

0.20

 

 

 

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, 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 construction properties, with more than 1 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 AOL Real Estate, MSN Real Estate and Yahoo! Real Estate. 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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