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Illinois Foreclosures Decreasel; Missouri Isn't as Likely

According to new data from Irvine, California-based RealtyTrac, the number of St. Louis-area properties at some point in the foreclosure process increased 15 percent from October to November and increased 10 percent from November 2008.

A total of 2,040 properties, or one out of every 604 homes, were in the foreclosure process in November, according to the report, which was released on December 10.

The metro area examined by the report included the City of St. Louis and the surrounding 16 counties in Missouri and Illinois.

Foreclosure activity in Illinois saw a decrease of nearly 18 percent from a record high in October, but the 16,422 properties in foreclosure in November was an increase of nearly 108 percent from November 2008 and the third-highest nationwide.

In Missouri, foreclosure filings held steady at 3,217 in November in comparison to October, but that was still an increase of 11.5 percent from November 2008.

Across the U.S., foreclosure filings were reported on 306,627 properties during November, which was a decrease of nearly eight percent from October. However, that number was still an increase of 18 percent from November 2008.

According to RealtyTrac chief executive James Saccacio, November was the fourth consecutive month in which U.S. foreclosure activity declined after reaching an all-time high in July.

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