St Louis’ Biggest Foreclosure Buyers

saint-louis-realtor-dennis-normanSt. Louis had 8 different companies that purchased 10 or more foreclosures in the St Louis area during 2012, according to the “Bulk Foreclosure Buyer” report that was just released by RealtyTrac.  At the top of the list was Hfr Capital Assets LLC, with 24 purchases.  Greg Daney appears to be a principal in this company and is also the CEO of loanSum.com, a local hard money lender, so my guess is most of these “purchases” were actually the result of his company foreclosing on loans his company made that the borrowers defaulted on.

Second on the list, with 19 purchases, is FB Realty LLC which appears to be a similar situation.  This company is, I believe, owned by Frontenac Bank and it’s purchases were the result of the bank foreclosing on loans gone bad.  Tied for second, and perhaps the first actual investor buying foreclosures as an investment, is Lewis Mitchell Company, owned by my old friend Lewis Bernstein, that also purchased 19 foreclosures during the year.
hot-deals-st-louis-foreclosures Continue reading “St Louis’ Biggest Foreclosure Buyers

One in five St Louis home sales in 2012 was a distressed sale

Saint Louis Realtor, Dennis Normanst-louis-real-estate-realtor-dennis-normanAlmost one of every five (19.9 percent) St. Louis home sales in 2012 was a distressed sale, about 5 percent more than 2011 and 2.65 percent fewer than in 2010, according to a report released this morning by RealtyTrac.    During 2012 there we 8,932 foreclosure sales in St. Louis at an average price of $93,699 or a discount of almost 40 percent (39.66 percent) compared to non-distressed home sales.
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St Louis Saw Increased Foreclosure Activity in 2012

st-louis-realtor-During 2012, 18,242 St Louis homeowners received a foreclosure notice, or were in some stage of the foreclosure process, according to a report just released by RealtyTrac.  This means 2012 came to an end with 12.02 percent more foreclosures than the year before however there were over 16 percent fewer St. Louis foreclosures than in 2010 when foreclosure activity peaked.

On a national level, foreclosure activity in 2012 declined 3 percent from 2011 and was down 36 percent from the peak in 2010.
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St. Louis Foreclosure Activity Up Over Ten Percent From a Year Ago

st-louis-realtor-There were 1,880 St Louis homeowners that received a foreclosure notice, or were in some stage of the foreclosure process, in November, according to a report from RealtyTrac. This is a 9.37 percent increase from October and is a an increase of over ten (10.52) percent from October 2011.  For the state of Missouri, foreclosure activity was up in November 2.8 percent from October and was down 7.64 percent from a year ago.
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St Louis Foreclosure Sales Rise Almost 50 Percent During Third Quarter

st-louis-realtor-There were 1,891 foreclosure sales in St. Louis during the third quarter of 2012, according to a report from RealtyTrac. This is a 46 percent increase from 2nd quarter and a 16 percent increase from the third quarter of 2011.   A little under one in five St Louis homes (17.21 percent) that sold during the third quarter of 2012 were foreclosures.  The average price St Louis foreclosures sold during third quarter was $102,041 and represented a discount of 37.07 percent from non-foreclosure home sales, according to the report.
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St Louis Foreclosures Decline Over 22 Percent In August

st-louis-realtor-There were 1,560 foreclosure filings on St. Louis properties in September, which is a decrease of 22.62 percent in the St. Louis foreclosure rate from August, and a decrease of 11.86 percent from September 2011 when there were 1,770 foreclosure filings on St Louis homes, according to a report released this morning by RealtyTrac.

St. Louis foreclosure activity in September works out to one of every 800 St. Louis properties receiving a foreclosure notice which is slightly higher than the national rate of one in every 730 properties.
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St Louis foreclosures on the rise in July; Up over 20 percent from a year ago

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The St Louis foreclosure rate in July increased 4.2 percent from the month before with 1,860 properties receiving foreclosure notices during the month which is an increase of 22.53 percent from a year ago.  The increase for the month is in sharp contrast to the U.S. foreclosure rate which declined 7.79 percent in July from the month before and for the State of Missouri as a whole which saw a decline of 3.2 percent from the month before.
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St Louis foreclosure rate on track to top last year

st-louis-realtor-dennis-norman-real-estate-foreclosuresThis morning, RealtyTrac released their U.S. Metropolitan Foreclosure Market Report for the first half of 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 9,672 properties in the St. Louis metro area in the first half of 2012, which is a 10.08 percent increase from the prior 6-month period and a 8.27 percent increase from the first half of 2011. During the first six months of 2012, 1 out of every 129 homes in St. Louis had a foreclosure filing.
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St. Louis foreclosures on the rise

st-louis-realtor-dennis-norman-real-estate-foreclosuresThis morning, RealtyTrac released their U.S. Foreclosure Market Report for June 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 1,785 properties in St. Louis during the month, a 4.65 percent increase from the previous month and an increase of 7.27 percent from June 2011. During the month, 1 out of every 699 homes in St. Louis had a foreclosure filing.  For the first half of 2012, there have been 9,672 St. Louis foreclosure filings, up from 8,786 from the 2nd half of 2011 and up from 8.933 from the first half of 2011. Continue reading “St. Louis foreclosures on the rise

St Louis Foreclosure Activity Increases In May

st-louis-realtor-dennis-norman-real-estate-foreclosuresThis morning, RealtyTrac released their U.S. Foreclosure Market Report for May 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 1,872 properties in St. Louis during the month, a 4.41 percent increase from the previous month and an increase of 16.71 percent from May 2011. During the month, 1 out of every 667 homes in St. Louis had a foreclosure filing. Continue reading “St Louis Foreclosure Activity Increases In May

Looking for a bargain vacation home near the beach?

dennis-norman-st-louis-realtor-My family is definitely a beach-loving family! Most of the trips and vacations our family has been on over the years have included beaches and both of our children’s first trips as infants were to the beach. So, I guess it is safe to say our family loves beaches and we are not alone! There is always demand for homes in beach communities even during the real estate bust. Some areas, like Sarasota, Florida, are already seeing prices increase on homes located on or near the beach. Did you wait too late to buy that second home or vacation home in a beach community? Well, according to a report just released by RealtyTrac, there are still some bargains to be found out there! Where? Well, read on….. Continue reading “Looking for a bargain vacation home near the beach?

One in four St Louis Metro home sales are foreclosures;   One in three in the City of St Louis

st-louis-realtor-dennis-norman-real-estate-foreclosures

This morning RealtyTrac® released its U.S. Foreclosure Sales Report™ for the first quarter of 2012, which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 24 percent of all St. Louis metro area home sales during the first quarter — up from 17 percent of all St Louis home sales in the fourth quarter and the same as the first quarter of 2011. The report also shows that, during the quarter, over 10 percent (10.36) of St Louis metro home sales were short-sales, an increase from 5.85 percent the previous quarter and an increase from 7.46 percent from the first quarter of 2011. Continue reading “One in four St Louis Metro home sales are foreclosures;   One in three in the City of St Louis

St Louis Foreclosures in April up almost 29 percent from year ago

st-louis-realtor-dennis-norman-real-estate-foreclosuresThis morning, RealtyTrac released their U.S. Foreclosure Market Report for April 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 1,793 properties in St. Louis during the month, a 0.33 percent decrease from the previous month and an increase of 28.53 percent from April 2011.  During the month, 1 out of every 696 homes in St. Louis had a foreclosure filing. Continue reading “St Louis Foreclosures in April up almost 29 percent from year ago

Foreclosure activity falls to lowest level since 2007

st-louis-realtor-dennis-norman-real-estate-foreclosuresThis morning, RealtyTrac released their U.S. Foreclosure Market Report for the first quarter of 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 572,928 properties in the U.S. during the quarter, a 2 percent decrease from the previous quarter and a decrease of 16 percent from the first quarter of 2011. During the month, 1 out of every 230 homes in the U.S. had a foreclosure filing.

Find foreclosures in your area:

St. Louis County  –  St Louis City  – St Charles County  – Jefferson CountyFranklin County

Continue reading “Foreclosure activity falls to lowest level since 2007

St Louis Foreclosures Increase in February by 20 Percent From January

st-louis-foreclosures-realtor-dennis-normanSt. Louis foreclosure activity in February 2012 increased 20.54 percent from the month before and was up 17.58 percent from year before, according to RealtyTrac’s foreclosure market report that was just released.

Of the 5 largest Missouri counties within the St Louis MSA, St Charles County saw the largest increase in foreclosures in February with a increase of 34.48 percent from the year before and a 32.52 percent increase from January, followed closely by the City of St Louis with an increase of 28.19 percent from the year before and an increase of 17.73 percent from the month before.  Franklin County saw a 25 percent decline in foreclosures from a year ago and a decline of 11.76 percent from the month before.

St Louis Foreclosures in 2011 Remain Flat; Sold for about half of non-distressed sales

st-louis-foreclosures-realtor-dennis-normanSt. Louis foreclosure sales in 2011 numbered 7.894, about the same as the year before, according to a report released this morning from RealtyTrac.  The 2011 St Louis Foreclosure sales were down almost 20 percent from 2009 and accounted for about 17 percent of all home sales in 2011.  The average St Louis Foreclosure sale price in 2011 was $86,167, a discount of over 49 percent of a non-distressed home sale.  Continue reading “St Louis Foreclosures in 2011 Remain Flat; Sold for about half of non-distressed sales

St Louis Foreclosures Increase in January

st-louis-foreclosures-realtor-dennis-normanSt. Louis foreclosure activity in January 2012 increased 1.11 percent from the month before but was down 21.58 percent from year before, according to RealtyTrac’s foreclosure market report that was just released.

Of the 5 largest Missouri counties within the St Louis MSA, Jefferson County saw the largest increase in foreclosures in January at 16.51 percent, following closely by St Charles County at 15.08 percent, St. Louis County at 10.4 percent and the City of St Louis with a modest 2.17 percent increase.

St Louis Foreclosures Continue to Decline

st-louis-foreclosures-realtor-dennis-normanSt. Louis foreclosure activity in the third quarter of 2011 declined 15.51 percent from the quarter before  and 10.12 percent from the year before, according to RealtyTrac’s foreclosure market report that was just released.

Over 13 percent of all home sales in St. Louis during 3rd quarter 2011 were foreclosures and , on average, they sold for a discount of over 60 percent compared with non-foreclosure sales.

One in five home sales is a foreclosure and only two-thirds the cost of a non-foreclosure home

foreclosures-home-sales-realtor-dennis-normanForeclosure Price 34 Percent Below Average Price of Non-Foreclosures

RealtyTrac, today released its third-quarter 2011 U.S. Foreclosure Sales Report, which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 20 percent of all U.S. residential sales in the third quarter of 2011, down from 22 percent of all sales in the second quarter and down from 30 percent of all sales in the third quarter of 2010.
To find foreclosures in your area click here. Continue reading “One in five home sales is a foreclosure and only two-thirds the cost of a non-foreclosure home

St. Louis Foreclosure Activity in 2011 Down by Over 25 Percent from 2010

Dennis Norman, St Louis REALTOR - St Louis Foreclosures, St Louis REO'sSt. Louis foreclosure activity in 2011 declined 25.22 percent from the year before according to RealtyTrac’s foreclosure market report for 2011 that was just released.

As the chart below depicts, of the seventeen counties in the St. Louis metro area,  all but five saw a decrease in foreclosure activity from the year before, and ten of the 17 saw a decrease from 2009.

To find foreclosures in your area click here. Continue reading “St. Louis Foreclosure Activity in 2011 Down by Over 25 Percent from 2010

St Louis Foreclosures Increase in November from the month before;  Down 18 percent from a year ago

Dennis Norman, St Louis REALTOR - St Louis Foreclosures, St Louis REO'sSt. Louis foreclosure activity increased during November by 6 percent from the prior month and decreased by 18 percent from October 2010, according to RealtyTrac’s foreclosure market report that was just released. As the chart below depicts, of the sixteen counties in the St. Louis metro area that had foreclosure activity during the month, eight saw an increase from the month before, 7 a decrease and one remained the same. Ten of the counties saw a decrease from the year before with only three seeing an increase from the year before.

To find foreclosures in your area click here. Continue reading “St Louis Foreclosures Increase in November from the month before;  Down 18 percent from a year ago

St. Louis area foreclosures increase in 3rd quarter; down from a year ago

Dennis Norman, St Louis REALTOR - St Louis Foreclosures, St Louis REO'sSt. Louis foreclosure activity increased during the 3rd quarter of 2011 by 12.16 percent from the prior quarter with 1 of every 255 St. Louis metro area homeowners having a foreclosure filing according to RealtyTrac’s foreclosure market report that was just released. As the chart below depicts, of the eight largest counties in the St. Louis metro area all but Franklin County saw an increase in foreclosure activity during the quarter with Madison County Illinois leading the way with a 66 percent increase.

To find foreclosures in your area click here. Continue reading “St. Louis area foreclosures increase in 3rd quarter; down from a year ago

St. Louis foreclosures increase in August but are down sharply from a year ago

Dennis Norman, St Louis REALTOR - St Louis Foreclosures, St Louis REO'sSt. Louis foreclosure activity increased in August by 29.09 percent from July with 1 of every 682 St. Louis homeowners having a foreclosure filing according to RealtyTrac’s foreclosure market report that was just released.  As the chart below depicts, of the eight largest counties in the St. Louis metro area all but Madison County Illinois saw an increase in foreclosure activity in August with Macoupin County Illinois leading the way with a 113 percent increase.

To find foreclosures in your area click here. Continue reading “St. Louis foreclosures increase in August but are down sharply from a year ago

St Louis Foreclosure Sales Increase in 2nd Quarter; account for 1 of every 4 home sales

St. Louis REALTOR, Dennis NormanThis morning, RealtyTrac released it’s Foreclosure Sales Report for the St. Louis metro area for the 2nd quarter of 2011 which showed there were 2,138 REO’s (banked owned) and Pre-Foreclosure (short sales and other sales of property with loans in default) during the quarter which is a 4.86 percent increase from the prior quarter and a decrease of 6.64 percent from a year ago. Continue reading “St Louis Foreclosure Sales Increase in 2nd Quarter; account for 1 of every 4 home sales

St Louis Foreclosures Drop in July; Down Over 35 Percent From Year Ago

Dennis Norman, St Louis REALTOR - St Louis Foreclosures, St Louis REO'sFinally some good news for the St. Louis Real Estate Market!  This morning RealtyTrac released their foreclosure activity report for the St. Louis metro area for July 2011 showing that foreclosure activity in the St. Louis metro area in July was down 8.77 percent from the month before and down a whopping 35.46 percent from a year ago!  Continue reading “St Louis Foreclosures Drop in July; Down Over 35 Percent From Year Ago

84 Percent of U.S. Metros Post Lower Foreclosure Activity in First Half of 2011

RealtyTrac released their Midyear 2011 Metro foreclosure report showing that foreclosure activity decreased on a year-over-year basis in 178 out of the nation’s largest 211 metropolitan areas which is some much needed good news! Continue reading “84 Percent of U.S. Metros Post Lower Foreclosure Activity in First Half of 2011

Foreclosure rate drops in first half of 2011; shadow inventory builds

RealtyTrac released their Midyear 2011 foreclosure report this morning showing a total of 1,170,402 U.S. properties received foreclosure filings (default notices, scheduled foreclosures and bank REO’s) in the first six months of 2011, a 25 percent decrease from the prior six months and a 29 percent decrease from the first half of 2010. Continue reading “Foreclosure rate drops in first half of 2011; shadow inventory builds

Foreclosure activity in May down 33 percent from a year ago; buyer interest cools

RealtyTrac released their foreclosure report this morning for May 2011 which shows foreclosure filings (default notices, scheduled foreclosures and bank REO’s) were reported on 214,927 homes in May which is a 2 percent decrease from the month before and a 33 percent decrease from May 2010. Continue reading “Foreclosure activity in May down 33 percent from a year ago; buyer interest cools

Foreclosures account for 28 percent of all home sales in first quarter 2011; Selling at discount of 27 percent

RealtyTrac released their foreclosure report this morning for the first quarter of 2011 showing that foreclosure homes (sales of bank-owned homes and those in some stage of foreclosure) accounted for 28 percent of all U.S. residential sales during the quarter. This is up slightly from 27 percent the prior quarter and the highest percentage since the first quarter of 2010, when 29 percent of all sales were foreclosure sales. Continue reading “Foreclosures account for 28 percent of all home sales in first quarter 2011; Selling at discount of 27 percent

45 Percent of Americans say government not doing enough to stop foreclosures; Other side of coin, over half of Americans want to buy a foreclosed home

According to a survey conducted by Harris Interactive® on behalf of Trulia and RealtyTrac, 45 percent of American adults say the government is not doing enough to prevent foreclosures. Only 17 percent think the government is doing too much and 16 percent say just the right amount is being done. Continue reading “45 Percent of Americans say government not doing enough to stop foreclosures; Other side of coin, over half of Americans want to buy a foreclosed home