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State's foreclosure rate plummets

ACROSS MISSISSIPPI — Foreclosure actions against Mississippi homeowners fell 29 percent from March to April.

That is according to Irvine, Calif.-based RealtyTrac, which counts foreclosure actions nationwide.

Last month, there were 369 foreclosure-related notices in Mississippi — down 29 percent from March and up 10 percent April 2009. Those notices range from an initial notice of default to outright repossession.

In Mississippi, 172 homes were repossessed last month.

RealtyTrac says repossessions nationally hit a record monthly high in April with 92,432 taken back by lenders.

Mississippi ranked 46th among the states in the number of foreclosure-related actions last month.

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