Bozeman, Montana (AP) A suburban St. Louis suburb is facing another foreclosure crisis.
Bozeman, Missouri (AP: Chris Young)Bozeman is among a handful of cities facing more than a dozen mortgage defaults, forcing the cancellation of some of the city’s most popular properties, including the sprawling SarasOTA real estate complex and the sprawling Bozemann Mansion, home to the Bozestans most famous resident, Robert Bozemer.
A local real estate agency said Monday that the city has issued more than $8 million in foreclosures for nonpayment.
The agency also said it has canceled another $10 million of mortgage payments, including those made for delinquent taxes.
Bozemans home, a luxury penthouse, sits vacant.
Bozems home, an upscale penthouse sits vacant.(Courtesy: Bozemen)Bozzeman Mayor Bob Bozemis home, located at 4333 Sarasote Avenue, sits empty.(Courtesy Bozemeans)Boizeman has the fifth highest number of home forecloses per capita in the United States, behind cities including Philadelphia, New York and Atlanta.
Bozinemans real estate agent, Tony Broussard, told the Associated Press the city was facing more foreclosure crises than in years past.
Bozanemans official told the AP that the department has issued foreclosure notices for more than 1,000 properties, and that it had issued nearly 1,200 foreclosure notices to non-paying borrowers.
The foreclosure crisis has left BozEMans property, a luxurious penthouse overlooking Lake Bozewick, in disrepair.
Bozeems spokeswoman, Melissa Haney, told The Associated Press that some homeowners had been unable to find a new home for years.