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Castle Law Office Bankruptcy News for Missouri & Illinois | Castle Law Bankruptcy Current Events
Home Foreclosures Decrease for Missouri and Kansas Overall
Posted on Dec 16, 2009
According to the latest market report from RealtyTrac, the pace of home foreclosures in Kansas and Missouri continued to decline during the month of November.
According to the report from the California-based institute, foreclosure actions in Kansas saw a decrease of 5.49 percent from October to November. The state reported a total of 878 foreclosure proceedings in November, down 0.03 percent. The report said the state ranks 37th nationwide.
The report said that Missouri reported a total of 3,217 proceedings during the month of November, which ranked the state 27th nationwide.
The report also said that the foreclosure rate in Kansas for November was a decrease of 24 percent from November 2008. In Missouri, the rate had decreased 11.5 percent from November 2008.
Across the U.S., November was the fourth straight month in which the foreclosure rate declined after hitting a record high in July, according to the report. Foreclosure filings nationwide for November decreased eight percent from October, but were still an increase from November 2008.
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