foreclosure: Foreclosure Trends - What is Happening in the St. Louis City Market? - 10/25/09 07:25 PM
MARKET DATA


Since the start of the year, there has been a downward trend in the number of foreclosure sales and bank repossessions in the St. Louis City market.  According to RealtyTrac, St. Louis City ranks 607 in foreclosure activity nationwide.  Although the number of new foreclosure notices published, foreclosure sales, and repossessions has declined, the inventory of REO listed properties has increased.


In recent months, the number of new REO listed single family homes in the St. Louis City has dramatically increasedwith an average square foot price between $20 to $40 per square foot according to MLS figures.

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foreclosure: Legal Alert - Lenders Entering Homes Prior to Foreclosure Sale Reported in Washington State - 02/19/09 04:00 PM


Recently, there have been an increase in reports of lenders entering homes pending foreclosure, changing the locks and removing personal property.  
Often, the justification provided by the lenders is that they received a report that the property was vacant and unsecured and that they were simply securing the property by changing the locks and boarding up the property to safeguard the home from property damage, vandalism and theft.   In reality, it is often a ruse to secure possession of the property prior to the foreclosure sale. 
Here is a copy of a recent e-mail received from an attorney in … (66 comments)

 

Ryan Shaughnessy

Broker/Attorney - Your Lafayette Square Real Estate...

Saint Louis, MO

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PREA Signature Realty - www.preasignaturerealty.com

Address: 1709 Park Avenue, Saint Louis, MO, 63104

Office: (314) 397-3182

Mobile: (314) 971-4381

A Blog for New Home & Other Sales Professionals and for Sellers and Buyers Interested in City Living PREA Signature Realty proudly serves the communities of Lafayette Square, Soulard, Benton Park, Benton Park West, Downtown Loft District, Forest Park Southwest, Central West End, Tower Grove East, Tower Grove South, Compton Heights, Shaw, The Hill, Dogtown, Carondelet, Holly Hills, St. Louis Hills, Dutchtown, and the Other Historic Neighborhoods of the City of Saint Louis, Missouri.






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