The latest figures from RealtyTrac show a 9 percent drop in underwater homeowners nationally in the last year, but only a two percent drop in St. Louis.
Foreclosures continue to rise nationwide and St. Louis is no different.
Bank repossessions of homes in St. Louis shot up 30 percent last month, while nationwide they fell one percent.
About 50 activists from Missourians Organizing for Reform and Empowerment (MORE) came to show their support for the Royston’s, a South St. Louis family who has been fighting to keep their home.
A Missouri appeals court says a legal dispute over St. Louis County’s foreclosure mediation ordinance is moot after a recently enacted state law.
Realty Trac’s Daren Blomquist calls the ranking a double-edged sword. “It’s a challenge and an opportunity with the vacant homes.”
The ruling requires lenders to detail their efforts in helping homeowners.
Average sales price was $112,000.
Starting Friday homeowners should be able to take lenders to court.
A man was dragged from his foreclosed home by police officers Monday morning, while pleading for just a little more time.