Home » NEWS » Banking & Finance » State's foreclosures more than double

State's foreclosures more than double

ACROSS MISSISSIPPI — The number of Mississippi homeowners facing or hit by foreclosure has more than doubled over the past year.

That is according to RealtyTrac, which tracks foreclosures nationwide.

In March, 518 Mississippi properties were targeted for some kind of foreclosure action, ranging from a notice of default to outright repossession. In March 2009, there were 221 such actions in the state.

Last month, 224 properties were actually taken from their owners. That is down from 333 in February, but up from only 42 in March 2009.

Mississippi ranks 45th on the foreclosure list.

Nationally, foreclosure actions are up 16 percent from a year ago. RealtyTrac says that is due to foreclosure moratoriums ending and banks working through problem loans.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *