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State's homeowners receive fewer foreclosure notices

ACROSS MISSISSIPPI — The number of Mississippi homeowners receiving foreclosure notices is on a downswing, making the state’s rate one of the lowest in the nation.

Irvine, Calif.-based RealtyTrac, which tracks foreclosures nationwide, said that during the second quarter, 1,022 Mississippi households received a foreclosure notice of some sort. That ranges from an initial notice of default to repossession and sale.

That figure is down 24.5 percent from the first quarter and down 30.7 percent from the second quarter of 2009.

During the latest quarter, 537 Mississippi homes were repossessed and sold.

RealtyTrac says Mississippi ranked 47th in the number of second-quarter foreclosure notices.

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