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In major cities of Missouri, the bank foreclosure activities went down as compared to the numbers the last few years. Its major city Kansas is part of the list when it comes to the number of people filing for foreclosure considering the fact that they have a population less than two hundred thousand. Experts admit that Bank foreclosures in Missouri are slightly going downward. Nearby cities like St. Louis and Joplin are also being affected by the foreclosure because of the increase of properties being auctioned to the public. It is true that there are quite a number of houses in Missouri foreclosure listing and banks are becoming strict in foreclosure process.
The situation will change in the next few years. The foreclosure listings will definitely improve because of federal programs that would help people keep their homes. Although this is the case, the state will definitely have a big bulk of foreclosed homes to be sold in the market in the next few months. Since the government is intervening with the situation, foreclosure in Missouri is steady declining. Other reasons for this are the tight lending rules of the bank. People who have overextended themselves in purchasing a home can't borrow money anymore.
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