Bankruptcy filings in the U.S. rose 19.6 percent in November from a year earlier, court records show, as the recession and job cuts pushed more Americans to seek protection from their creditors. Total filings for individuals and companies rose to ...

Tagged with: Bankruptcy foreclosures U.S. Department of Labor

Fed researchers warn of rising problems with some prime mortgages

Prime mortgage delinquencies and foreclosures are on the rise, but the region served by the Federal Reserve Bank of St. Louis is faring better than the rest of the nation, according to research by the St. Louis Fed.

The researchers' analysis is also available online by clicking here.

Tagged with: Federal Reserve Bank of St. Louis foreclosures

Driving through Riverside, Calif., Bruce Norris pointed to a half-dozen empty houses with “For Sale” signs stuck in untended lawns that he said investors might buy if banks would just extend some credit. “People today look at us as the ...

Tagged with: foreclosures homeowner

A sparse crowd, including Cheryl Kelly of Thompson Coburn, gathered Monday outside the Jefferson County Courthouse to listen to trustee Steve Leasck read foreclosure notices on six Jefferson County subdivisions owned by developer American Heritage Homes. Great Southern Bank, the noteholder, bought each of the 285 lots. According to Jefferson County Recorder of Deeds records, American Heritage owed Great Southern Bank more than $21 million as of April 5, 2008, when it filed a fourth modification of its original construction loan agreement.

Tagged with: American Heritage Homes Barnhart Byrnes Mill Cedar Hill foreclosures Great Southern Bank Harter Farms Herculaneum High Ridge Jefferson County Parc Kimmswick Providence Silverstone Trails The Fountains at Moss Hollow Twin Pines

O’Fallon’s new foreclosure task force is taking a proactive approach to curb the destructive impact of abandoned foreclosed properties on the city’s neighborhoods and home values. The city’s code enforcement team has seen an increase in the number of foreclosed ...

Tagged with: foreclosures

St. Charles City is referring residents worried about losing their homes to a national, 24-hour hotline number and Web site that can provide counseling. The hotline number is 1-888-995-HOPE, and the Web site address is www.995HOPE.org. City officials said in ...

Tagged with: foreclosures St. Charles City

An auction for more than 200 St. Louis-area foreclosed homes on Saturday may sound like a bargain-shopper’s dream come true, but buyers may want to proceed with caution.  While in good standing with the Missouri Secretary of State’s Office, the ...

Tagged with: foreclosed homes foreclosures Missouri Secretary of State Real Estate Disposition Corp. Rick Weinberg

A creditor is not entitled to have a foreclosure sale set aside after it made a mistake during a foreclosure sale, a Missouri Appeals Court said last week. The Missouri Court of Appeals Western District ruled that Vestin Realty Mortgage ...

Tagged with: creditor foreclosure Foreclosure Sale foreclosures Missouri Court of Appeals Western District Monterrey Apartments Oklahoma Vestin Realty Mortgage

Foreclosure proceedings have begun against 262 lots owned by American Heritage Homes in six Jefferson County subdivisions. The sales are set for March 23. Area homebuilder Flower & Fendler last year bought some of the assets of American Heritage Homes, ...

Tagged with: American Heritage Homes Flower & Fendler foreclosures Jefferson County Missouri Secretary of State Parc at Kimmswick

The Obama administration is considering government guarantees for home loans modified by their servicers, seeking to stem the record surge of foreclosures that’s hammering U.S. property values. The proposal, which may also have the taxpayer share in the cost of ...

Tagged with: Barack Obama foreclosures home loans reduce mortgage payments

    To say the real estate industry is in the doldrums, here and elsewhere, is to state the obvious. But when examined closely, there are reasons to be optimistic in 2009. First, while St. Charles County has seen home ...

Tagged with: Federal Reserve Bank of St. Louis foreclosures Mark R. Stallmann National Association of Realtors Patrick Sullivan real estate St. Charles County