Kansas City among cities with most 'abandoned' homes - wave3.com-Louisville News, Weather & Sports

Kansas City among cities with most 'abandoned' homes

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The Kansas City metropolitan area qualified for fourth place in the RealtyTrac list with 305 vacated foreclosures, or 36 percent of its foreclosed properties. The Kansas City metropolitan area qualified for fourth place in the RealtyTrac list with 305 vacated foreclosures, or 36 percent of its foreclosed properties.
KANSAS CITY, MO (KCTV/AP) -

Two Missouri cities placed in the top 10 on a real estate information company's list of cities with the most abandoned homes, but a Kansas community was at the top of the heap.

The Kansas City metropolitan area qualified for fourth place in the RealtyTrac list with 305 vacated foreclosures, or 36 percent of its foreclosed properties.

St. Louis is right behind at fifth place, with 847 of 2,500 foreclosed properties being vacant, or 34 percent.

Wichita, KS, had the highest rate at 49 percent, with 146 abandoned homes in foreclosure.

Portland, OR, was second on the list. RealtyTrac says a third of all residences in the nation's top six populated cities are in foreclosure.

Rodents and other wildlife scurry through too many abandoned homes while foliage now covers some buildings.

The city can't keep up with the demand to tear down burned out vacant homes and is months behind.

Interest rates are again dropping but so are home prices.

"It absolutely hurts the area," said Ryan Wiebe of First Mortgage Solutions of Kansas City. "It's easier for folks to vacate their property because they don't understand some of the programs that are out there to get people through the foreclosure process."

The condition of the houses matters.

"A lot of the homes that we are seeing are not in any shape that we can finance actually," he said. "Not only are the banks having an issue selling them but we are having an issue writing the loan."

Before vacating a home, you should contact your lender for other plans and options.

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