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Foreclosure Filings Up in Missouri in the Third Quarter

According to a report released on (Thursday before story) by Irvine, California-based RealtyTrac, the number of home foreclosure filings in Missouri saw an increase of 8.3 percent in the third quarter, as the recession bested efforts to aid struggling borrowers with holding on to their homes.

The report showed that during the July-September period, 7,892 foreclosure filings took place in Missouri. The number is a decrease of 11.2 percent from the third quarter in 2008, but RealtyTrac noted that some of the records had stopped being collected in January.

Filings include default notices, auction-sale notices and bank repossessions.

One out of every 335 Missouri housing units was foreclosed upon during the third quarter. That rate is considerably lower than the national average of one out of every 136 households, ranking the state 30th nationally.

RealtyTrac said that in September alone, foreclosure filings in the state saw an increase of 26.3 percent from August, putting the number at 3,154. That was also 8.8 percent higher than the September 2008 total.

Across the U.S., the number of September filings decreased four percent from August, but was still the third-highest month since RealtyTrac’s report began in 2005.

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