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Foreclosures hit St. Louis investment properties

Foreclosed home in Gravois Park
Foreclosed home in Gravois Park

By Adam Allington, KWMU

http://stream.publicbroadcasting.net/production/mp3/kwmu/local-kwmu-701661.mp3

St. Louis, MO – There are over 7,000 properties currently in foreclosure in St. Louis County alone.

But, its not just individual families who are defaulting on loans they can't afford.

More and more, communities point to overextended real estate speculators as compounding the issues of vacant housing stock and eroding tax revenue.

KWMU's Adam Allington has the story.

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