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Castle Law Office Bankruptcy News for Missouri & Illinois | Castle Law Bankruptcy Current Events

Good News on Foreclosures in Missouri and Kansas


Posted on Dec 03, 2009

There is some encouraging news on the rate of home foreclosures in Missouri in Kansas. Financially troubled homeowners are not out of the woods yet, but the worst may be over.

According to a report from RealtyTrac, in October Kansas reported a 27 percent decrease in home foreclosures in comparison to September. Though the number is up from the rate in October 2008. With a total of 1,313 foreclosure actions, Kansas ranks 37th overall for October.

In Missouri, home foreclosures saw an increase of 2.03 percent from September to October. However, the number was a decrease of 12.36 percent from October 2008, Irvine, California-based real estate firm RealtyTrac said. With a total of 3,218 foreclosure actions, Missouri ranks 30th overall.

Foreclosures across the U.S. saw a decrease for the third consecutive month in October, another sign that the worst of the housing crisis could be over.
 

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