St. Louis Foreclosure Rate Drops

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The mortgage foreclosure problem continues its slow fade in metro St. Louis. As of October, 1.4 percent of St. Louis area homes with mortgages were in the process of foreclosure, CoreLogic reported.  That is down 0.3 of a percentage point from October of last year.

Still, 10,079 homes were lost to foreclosure in the metro area over the past year, or one out of every 43 homes with mortgages.

Read more on St. Louis Post-Dispatch.

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