Home foreclosures down sharply in Kansas, Missouri

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KANSAS CITY, Mo. (AP) – A California-based real estate research company says new foreclosure cases in Kansas and Missouri declined sharply in the third quarter from year-ago levels while rising slightly nationwide.

RealtyTrac reports the number of default notices, auctions and bank repossessions fell 31 percent in Kansas during the July to September period, while they plummeted 45.5 percent in Missouri during that same period.

The Kansas City Star reports foreclosures nationwide climbed .42 percent in the third quarter, which is the first quarterly increase since the third quarter of 2011. But they dropped 16 percent in September.

The states with the highest foreclosure rates in the third quarter were Florida, Maryland, New Jersey, Nevada and Illinois.