This entry was posted
on Friday, July 11th, 2008 at 11:05 am and is filed under forecloser Missouri.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
More Resources:
How to invest in Cullman foreclosure list, how to find Apache junction foreclosure homes, how to get the most out of Paragould foreclosure listings, how to buy Brighton bank foreclosures, search for Fontana real estate foreclosures, how to find New milford foreclosure listings, learn how to invest in Orlando bank foreclosures, all you need to know about Stone mountain foreclosed homes, find cheap Kokomo foreclosure list, search and buy from our Lexington foreclosure, how to make the best real estate deals with Denham springs foreclosure list, Search and find Rockville foreclosure, investing in cheap Jackson real estate foreclosures, how to find bargains Grandview forclosures, great real estate bargains with Las cruces bank foreclosures, buy cheap Rochester foreclosure properties, how to find thousands of Neptune foreclosed homes, learn how to invest in Monroe foreclosure listings, become a real estate investor with Broken arrow bank foreclosures, find thousands of Sumter real estate foreclosures, search and invest in Nashville real estate foreclosures, make the most out of Plano foreclosure list, become a real estate investor with Provo real estate foreclosures, how to invest in Stafford forclosures Bank Foreclosure Foreclosure Homes Foreclosure Listings foreclosures in California foreclosures in indiana foreclosures in Michigan foreclosures in Texas foreclosures in Missouri foreclosures in North Carolina foreclosures in New York
According to a report released by RealtyTrac Inc. the foreclosure activity in Missouri State continued to rise in February and almost 3,500 homes were added to foreclosure listings, which is a 47% hike from the same month in 2007. Currently, Missouri is 18th on the Foreclosures by State Ranking and has one per 747 households in foreclosure.
The CEO of RealtyTrac, James Saccacio is of the opinion that, the reason for Missouri foreclosures to have been up in February this year, besides having risen from same time last year, is due to the unemployment rate in the state which is quite high as compared to the national average. With an unemployment rate of 5.3%, Missouri is ranked 9th lowest on the national level and a good half point over the national rate.
Some of the highest number of Missouri foreclosed homes can be found concentrated in the St. Louis County (1,186), St. Louis City (679) besides the Kansas City regions.
In May, the number of foreclosed homes for sale increased by 34% from April last year. Despite the month of April showing promising signs of a downward trend from March, the state was perched at the 20th spot for highest rate of foreclosure, and one household out of every 860 households filed for foreclosure. With a total of 3,051 foreclosures in May, the state witnessed a 9.4% decrease from the month of March, but a 34% hike from the month of April 2007.
As less and less residents of Missouri can live The American dream, more and more investors are spoilt for choice with Missouri foreclosure sales seeing significant activity. Of course, for those who want to retain the roof over their head, contacting the lender as soon as they sense trouble can be of great help!
HUD Fair Housing Equal Opportunity