Home » NEWS » Banking & Finance » RealtyTrac: State's foreclosures down sharply

RealtyTrac: State's foreclosures down sharply

ACROSS MISSISSIPPI — Homes hit by foreclosure filings dropped sharply last month in Mississippi.

Irvine, Calif.-based RealtyTrac says that 185 homes received some sort of foreclosure action in May. That’s down 48.8 percent from April and 48.3 percent from May 2010.

But it was the end of the line for those homeowners. RealtyTrac says that 140 homes were taken back by lenders and 45 others were scheduled for foreclosure sales. Those actions hit one in every 6,930 housing units, ranking the state 47th in the United States.

Nationally, foreclosure actions were aimed at 214,927 properties, or one in every 605 housing units. That was a 2 percent decrease from April and a 33 percent decrease from May 2010.

Source: AP

BEFORE YOU GO…

… 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Your email address will not be published.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 *

*