Missouri foreclosures on downward trend

Foreclosures in the Show-Me State are on their way down, according the latest data from real estate market tracker CoreLogic.

For the 12 months ended Nov. 30, completed foreclosures in Missouri totaled 10,495. That’s down 10 percent from 11,667 in the previous 12-month period, according to a news release.

Missouri’s November serious delinquency rate - referring to the percentage of mortgage loans at least 90 days past due - was 2.1 percent.

Across the nation, completed foreclosures for the 12-month period ended Nov. 30 dropped 21 percent to 404,882 from 512,108 a year earlier. The U.S. serious delinquency rate was 2.5 percent in November, according to the release.

In November, 26,000 U.S. foreclosures were completed, down from 35,000 in the same month of 2015.

"The decline in serious delinquency has been substantial, but the default rate remains high in select markets," said Frank Nothaft, chief economist for CoreLogic, in the release, pointing to New Jersey and New York.

[[In-content Ad]]