Tagged: foreclosure

Illinois home foreclosure activity rose 4 percent in June compared to the previous month, but was down 25 percent from one year earlier.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 6,541 homes receiving initial foreclosure filings last month.

Another 1,944 properties were scheduled for auction sale and 2,529 properties were repossessed by banks.

Looking at the first six months of the year, Illinois foreclosure activity fell 29 percent compared to the same period last year.

• Foreclosure activity in the St. Louis area hit an all-time high in 2010. The St. Louis Post-Dispatch reports that according to figures released by the data firm RealtyTrac, one in every 57 houses in the 17-county St. Louis region received at least one foreclosure filing during the year. The filings are up nearly 12 percent from last year and slightly above the previous records in 2008. The Post-Dispatch reports that these figures come despite billions of federal dollars poured into mortgage modification programs in the past two years, and despite the relatively stable housing market in St. Louis.
• Missouri House members are preparing to start work on a new congressional map that will have only eight districts, down from the current nine. U.S. House districts are redrawn every 10 years to reflect changes in population based on the census. The U.S. Census Bureau announced last month that Missouri will lose one seat in the U.S House. The eight districts are the fewest for Missouri since the census of 1850. The state Legislature is responsible for drawing the new congressional districts and will approve them just like any other legislation. A special House committee on redistricting scheduled an organizational meeting Thursday morning, with no plans to take public testimony.
• Missouri farmers took in a smaller harvest last year of some of the state's leading crops, Missouri Agricultural Statistics reports that corn production totaled 369 million bushels in 2010, down 17 percent from the previous year. Soybean production totaled 210 million bushels, down 9 percent from the 2009 crop. Hay production fell 7 percent compared with the previous year. And grain sorghum production reached its lowest level since 1955. But harvests did rise last year for cotton and rice farmers. Rice production, in fact, broke the previous state record set in 2005.