St Louis Foreclosure Rate Drops Over 26 Percent From a Year Ago

Saint Louis Realtor, Dennis Normanst-louis-real-estate-realtor-dennis-normanThe St. Louis foreclosure rate in November 2012 was 1.27 percent of all outstanding home mortgages, a decrease of 26.6 percent from a year before when the rate was 1.73 percent, according to a report just released by Corelogic.  Foreclosure rates in St. Louis were well above the national foreclosure rate for November 2012 of 2.97 percent.  In addition, mortgage delinquency rates declined in November 2012 as well falling to 4.39 percent of all mortgage loans (90 days + delinquent), down from 5.00 percent in November 2011.




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