St. Louis Foreclosures on the rise

st-louis-realtor-There were 2,016 foreclosure filings on St. Louis properties in August, which is an increase of 8.39 percent in the St. Louis foreclosure rate from the month before and an increase of 10.22 percent from August 2011 when there were 1,829 foreclosure filings on St Louis homes, according to a report released this morning by RealtyTrac.

St. Louis foreclosure activity in August works out to one of every 619 St. Louis properties receiving a foreclosure notice which is slightly higher than the national rate of one in every 681 properties, but considerably lower than our neighbor to the east, the State of Illinois, which had a rate of 1 in every 298 properties putting them number one on the list.
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