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- Neelys Landing man shot, killed by highway patrol trooper after traffic stop (05/01/16)42
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- 2016 All-Missourian Boys Basketball (04/29/16)
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Law firm requests information about Cape's traffic cameras (04/25/16)3
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
Mo. 3rd quarter foreclosure sales up 39 percent
KANSAS CITY, Mo. -- Third-quarter sales of Missouri homes involved in foreclosure actions rose by 39 percent over the previous quarter amid concentrated efforts to unload distressed properties and strengthen the housing market.
The Kansas City Star reported the Irvine, Calif.-based RealtyTrac released a report Thursday showing 2,645 single-family homes in Missouri owned by banks or in some stage of foreclosure were sold in the third quarter.
Realty-Trac says the average sales price was $102,000, which is 12 percent lower than in the second quarter but about the same as in the third quarter a year ago.
Nationwide, the number of foreclosure-related sales in the third quarter increased by 21 percent.
The data also showed that more distressed homeowners are turning to short sales before their properties are foreclosed upon by banks.
Information from: The Kansas City Star, http://www.kcstar.com