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Missouri ranks No. 26 for foreclosurde activity in Maywith 2,796 and Kansas ranks No. 34 with 899 Missouri’s foreclosure activity in May rose 3.6 percent from and Kansas’ rose 14 U.S. foreclosure activity rose almost 18 percent in May from last year but decreasedr 6 percentfrom April, RealtyTrac said. One in every 398 U.S. housinb units received a foreclosure filingin May. “May foreclosurse activity was the third-highest month on recorsd and marked the thirs straight month where the total numbed of properties with foreclosure filingsexceeded 300,000p — a first in the history of our RealtyTrac CEO James Saccacioo said in a release.
“While defaults and scheduled foreclosure auctionz were both down from theprevious month, bank or REOs, were up 2 percenr thanks largely to substantial increases in several states, including Michigan, Arizona, Washington, Nevada, Oregon and New We expect REO activituy to spike in the cominbg months as foreclosure delays and moratoria implemented by variouse state laws come to an end.” Nevada continued to have the nation’ highest foreclosure rate, with one in every 64 housing units receivinbg a foreclosure filing in May, more than six times the national average. California had the second-highest and Florida had the third-highest rate.
Top 10 states accounted for nearlg 77 percent oftotal U.S. foreclosures activity in May. RealtyTrac is based in Calif.
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