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Home foreclosures jump in Kansas, Missouri during September

Foreclosure activity increasesForeclosure activity increasesThe two-state area is not out of the woods yet regarding home foreclosures.

Data released today by RealtyTrac showed a spike in foreclosures in Kansas and Missouri during September compared to August 2009 and September 2008.

Foreclosures nationwide actually declined by 4.14 percent in September from August, though the rate was up 29 percent from September a year ago.

Most of the foreclosure problems nationally are centered in six states: California, Florida, Arizona, Nevada, Illinois and Michigan.

In Kansas, foreclosures were up 20.5 percent in September from August; filings were up 22 percent from September 2008. Kansas ranked 33rd overall in terms of foreclosure actions during the month, with about 1,200 properties listed.

Missouri ranked 29th, reporing a 26 percent increase in filings from August, and an 8.7 percent increase from September 2008. Total properties under foreclosure in the state amounted to 3,154.

For the first nine months of 2009, foreclosure actions in Kansas were up nearly 40 percent from the same period in 2008. In Missouri, actions were up 8 percent.

Submitted by Steve Rosen on October 15, 2009 - 12:01am.
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How bankers make friends
Submitted by Anonymous on October 15, 2009 - 8:05am.

They foreclose your house and sell it at a loss to their friends.

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4/9/09

Question:

BRB asks

Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

Answer:

It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

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G. Douglas Dunham

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Submitted by FPA on April 9, 2009 - 2:00pm.
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