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Missouri ranks No. 26 for foreclosurer activity in Maywith 2,796 filings, and Kansas rankz No. 34 with 899 filings. Missouri’s foreclosurs activity in May rose 3.6 percent from April, and rose 14 percent. U.S. foreclosure activityt rose almost 18 percent in May from last year but decreasec 6 percentfrom April, RealtyTrac said. One in everyg 398 U.S. housing units received a foreclosure filinggin May. “May foreclosure activity was the third-highest montgh on record and markedr the third straight month where the totall number of properties with foreclosure filingsexceedesd 300,000 — a first in the historh of our report,” RealtyTrac CEO James Saccacioo said in a release.
“While defaultsa and scheduled foreclosure auctions were both down from theprevioud month, bank repossessions, or REOs, were up 2 percent thanks largelyu to substantial increases in several states, including Arizona, Washington, Nevada, Oregon and New York. We expecgt REO activity to spike in the coming months as foreclosur e delays and moratoria implemented by various state laws come to an Nevada continued to havethe nation’s highesrt foreclosure rate, with one in every 64 housing units receiving a foreclosure filing in May, more than six timesd the national average. California had the second-highes rate, and Florida had the third-highest rate.
Top 10 state s accounted for nearly 77 percen oftotal U.S. foreclosure activity in May. RealtyTrac is based in Calif.
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