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Foreclosures Decrease in Polk County

In 2009, the home foreclosure rate in Polk County saw an improvement over figures from 2008, according to information from the office of the Polk County Recorder. In 2008, one out of every 86 homes was foreclosed upon, but in 2009, one out of every 91 was foreclosed upon.

Polk County fared better than the national average, which saw and increase from one out of every 54 homes in 2008 to one out of every 45 homes in 2009, or 2.2. percent, according to information from RealtyTrac Inc. The state of Missouri also saw an improvement from one out of every 84 in 2008 to one out of every 93 in 2009. The figures for total housing units are based on data from the 2008 U.S. Census Bureau.

The value of homes foreclosed upon in Polk County in 2009 totaled $12.1 million, approximately $2.5 million less than the $14.6 million in 2008. The value in 2007 was approximately $15.4 million and included the $5.5 million foreclosure of Springhill Falls apartments, the largest foreclosure in Polk County history.

According to Recorder Carol Poindexter, the decrease in foreclosure activity is evident in the smaller number of documents handled by her office in 2009. She says there were 5,599 documents last year and since she began keeping track in 1994, there have only been two years with a lower number.

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