In St. Louis, we currently reflect one of the highest Foreclosure rates in the nation.  In any given area there are a large number of houses being foreclosed upon due to the increased number of loan defaults.  The Foreclosure market has not come anywhere near bottoming out yet, so the experts feel we can expect to ...

Q: What does it mean to be in foreclosure? A: To foreclose is to deprive the mortgagor of the right to redeem mortgaged property when payments have not been made. When you have missed two month’s worth of payments, you have defaulted on your loan, but are not yet in foreclosure. The foreclosure proceedings will ...