MISSOURI FORECLOSURES INCREASE 39 PERCENT IN JULY

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

State’s Activity Up 11 Percent From a Year Ago

 

IRVINE, Calif. – July 31, 2006 – Missouri reported 1,320 properties entering some stage of the foreclosure process in July, a 39 percent increase in activity from the 950 properties reported in June, and an 11 percent increase from the 1,195 properties reported for the same month last year, according to the RealtyTrac™ July 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.

 

Missouri foreclosures have increased both in July and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac.  “Slow job growth and decreasing home sales in the state are likely contributing to this rise.”

 

Missouri ranked 18th in the nation for foreclosures in July. The state’s foreclosure rate of one new foreclosure filing for every 1,846 households — 68 percent of the national average — ranks it 19th among the 50 states.

 

Top Three Counties Accounted for Largest Share of State Total

Three counties accounted for 80 percent of all foreclosures in the state of Missouri.  Leading the state in foreclosures for the month was Saint Louis County, reporting 418 properties entering some stage of the foreclosure process.  Jackson County came in second, reporting 410 properties followed by Saint Louis City, reporting 230 properties entering some stage of the foreclosure process.  

 

Highest Foreclosure Rate Posted in Jackson County

Jackson County posted the state’s highest foreclosure rate in July, reporting one new foreclosure filing for every 703 households — 2.6 times the state average and 1.8 times the national average.  Reporting one new foreclosure filing for every 767 households – 2.4 times the state average and 1.6 times the national average – Saint Louis City had the second highest foreclosure rate, followed by Saint Louis County with one new foreclosure filing for every 1,014 households – 1.8 times the state average and 1.2 times the national average. 

 

State Accounts for 1.4 Percent of National Total

Missouri‘s foreclosure activity accounted for 1.4 percent of the 92,845 properties entering some stage of the foreclosure process nationwide in July. The national total represents a 5 percent increase from the 88,194 foreclosures reported in June. The nation’s foreclosure rate increased to one new foreclosure filing for every 1,245 households during the month.

 

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 – July 2006

 

County Name

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

20,202

38,173

4,795

13,295

16,380

92,845

1,245

Missouri

16

529

0

0

775

1,320

1,846

0.68

 

 

 

 

 

 

 

 

 

 

Adair

0

0

0

0

0

0

 

0.00

0.00

Andrew

0

0

0

0

0

0

 

0.00

0.00

Audrain

0

0

0

0

1

1

10,881

0.11

0.17

Barry

0

0

0

0

1

1

15,964

0.08

0.12

Barton

0

0

0

0

0

0

 

0.00

0.00

Benton

0

0

0

0

0

0

 

0.00

0.00

Boone

0

1

0

0

0

1

56,678

0.02

0.03

Buchanan

0

5

0

0

8

13

2,813

0.44

0.66

Butler

0

0

0

0

0

0

 

0.00

0.00

Callaway

0

0

0

0

2

2

8,084

0.15

0.23

Camden

0

1

0

0

4

5

6,694

0.19

0.28

Carroll

0

0

0

0

1

1

4,897

0.25

0.38

Cass

0

4

0

0

16

20

1,584

0.79

1.17

Christian

0

1

0

0

1

2

10,914

0.11

0.17

Clay

0

2

0

0

5

7

10,890

0.11

0.17

Clinton

0

0

0

0

0

0

 

0.00

0.00

Cole

0

5

0

0

0

5

5,783

0.22

0.32

Cooper

0

1

0

0

0

1

6,676

0.19

0.28

Crawford

0

0

0

0

1

1

10,850

0.11

0.17

Dade

0

0

0

0

0

0

 

0.00

0.00

Dallas

0

0

0

0

1

1

6,014

0.21

0.31

Dekalb

0

0

0

0

0

0

 

0.00

0.00

Douglas

0

0

0

0

0

0

 

0.00

0.00

Franklin

0

0

0

0

12

12

3,191

0.39

0.58

Gasconade

0

0

0

0

0

0

 

0.00

0.00

Greene

0

18

0

0

28

46

2,272

0.55

0.81

Howard

0

0

0

0

0

0

 

0.00

0.00

Howell

0

0

0

0

0

0

 

0.00

0.00

Jackson

2

116

0

0

292

410

703

1.77

2.63

Jasper

0

0

0

0

11

11

4,143

0.30

0.45

Jefferson

1

2

0

0

41

44

1,718

0.72

1.07

Johnson

0

0

0

0

1

1

18,886

0.07

0.10

Laclede

0

0

0

0

0

0

 

0.00

0.00

Lafayette

0

2

0

0

0

2

6,854

0.18

0.27

Lawrence

0

0

0

0

3

3

4,930

0.25

0.37

Lincoln

0

4

0

0

0

4

3,878

0.32

0.48

Marion

0

0

0

0

1

1

12,443

0.10

0.15

Miller

0

0

0

0

0

0

 

0.00

0.00

Moniteau

0

0

0

0

1

1

5,742

0.22

0.32

Monroe

0

1

0

0

0

1

4,565

0.27

0.40

Montgomery

0

0

0

0

0

0

 

0.00

0.00

Morgan

0

0

0

0

0

0

 

0.00

0.00

Newton

0

0

0

0

1

1

2,1897

0.06

0.08

Oregon

0

0

0

0

0

0

 

0.00

0.00

Osage

0

0

0

0

0

0

 

0.00

0.00

Ozark

0

0

0

0

0

0

 

0.00

0.00

Pettis

0

0

0

0

0

0

 

0.00

0.00

Phelps

0

0

0

0

0

0

 

0.00

0.00

Platte

0

5

0

0

7

12

2,575

0.48

0.72

Polk

0

0

0

0

0

0

 

0.00

0.00

Pulaski

0

1

0

0

0

1

15,408

0.08

0.12

Randolph

0

0

0

0

0

0

 

0.00

0.00

Ray

0

3

0

0

1

4

2,343

0.53

0.79

Ripley

0

0

0

0

0

0

 

0.00

0.00

Saint Charles

0

25

0

0

25

50

2,110

0.59

0.87

Saint Clair

0

0

0

0

0

0

 

0.00

0.00

Saint Francois

0

0

0

0

0

0

 

0.00

0.00

Saint Louis

10

207

0

0

201

418

1,014

1.23

1.82

Saint Louis City

3

122

0

0

105

230

767

1.62

2.41

Sainte Genevieve

0

1

0

0

0

1

8,018

0.16

0.23

Scott

0

0

0

0

0

0

 

0.00

0.00

Shannon

0

0

0

0

1

1

 

 

 

Stone

0

1

0

0

2

3

5,414

0.23

0.34

Taney

0

0

0

0

1

1

19,688

0.06

0.09

Texas

0

0

0

0

0

0

 

0.00

0.00

Warren

0

0

0

0

0

0

 

0.00

0.00

Washington

0

1

0

0

0

1

9,894

0.13

0.19

Webster

0

0

0

0

0

0

 

0.00

0.00

Wright

0

0

0

0

0

0

 

0.00

0.00

 

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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