Plaza Square apartments, a major distressed complex located in downtown St. Louis, is finally scheduled for a foreclosure sale. Urban Developers LLC (UDL), owner of five of the six Plaza Square buildings, initially filed for bankruptcy in 2007.

Judge Charles Rendlen, however, decided to lift the stay against foreclosure, allowing the complex to be sold on the courthouse steps. The sale date and details: July 28 at noon in front of the Civil Courts building. That is [...]

Read more »

It’s true and it’s tragic. The mortgage crisis continues as St. Louis-ites lag behind on their mortgage payments. According to data from First American CoreLogic, a leader in loan evaluations, one in every 23 borrowers in the St. Louis area was, at least, 90 days behind. That is based on figures noted in May of this year.

Around 4.3 percent of the area is currently struggling. That’s quite a jump from the 3 percent noted the same [...]

Read more »

Mortgage fraud is soaring and the State of Missouri has the dubious honor of being in the top ten nationally.  St. Louis, being the largest city in Missouri, is an area that is greatly affected by this steady incline of fraud within the state.

In cities like St. Louis, it’s thought that the economic downturn has created more desperation that is causing more people than ever to try and commit mortgage fraud.  While the motivation behind committing mortgage fraud it is [...]

Read more »