Dollars & Sense

Foreclosures continue to fall in U.S., with sharp drops in Kansas, Missouri

Updated: 2013-04-11T14:25:25Z


The Kansas City Star

Home foreclosures in the United States fell in the first quarter to the lowest in six years, according to a report released Wednesday. Sharp drops were reported in Kansas and Missouri.

Data released Wednesday by RealtyTrac, a mortgage research firm, showed 442,117 properties nationwide facing default notices, auctions and bank repossessions in the first three months of 2013. That was down 23 percent from the first quarter last year, RealtyTrac said, and it was also the lowest since the second quarter of 2007.

In Kansas, about 2,000 properties were in foreclosure actions, down 22 percent from the 2012 first quarter. Missouri had more than 4,600 residential properties in trouble in the last quarter, down 32 percent from 2012’s first quarter.

The nation’s overall foreclosure pace has been heading lower for several months, but there are still trouble spots, particularly in Florida, Nevada and Illinois, RealtyTrac reported.

Daren Bloomquist, a RealtyTrac vice president, also noted that “late-blooming foreclosures are bolting higher in some markets where aggressive foreclosure prevention efforts in previous years are wearing off.”

Similar to the first-quarter results, March foreclosure activity dipped 23 percent from March 2012. Kansas reported a 25 percent decline in actions, and Missouri foreclosures dropped by 30 percent.

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