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State's foreclosures fell during second quarter

ACROSS MISSISSIPPI — The number of Mississippi residents threatened by the loss of their homes dropped during the second quarter.

Irvine, Calif.-based RealtyTrac says that for the three months ending June 30, 840 properties were targeted by some foreclosure-related action. But for those it was largely the end of the line, as 514 were repossessed by lenders and the other 326 were scheduled for a foreclosure sale.

The total number of actions fell 22.4 percent from the first quarter of 2011 and 17.8 percent from the second quarter of 2010.

Mississippi ranked 47th in the RealtyTrac count among the states and the District of Columbia in foreclosure-related actions.

Source: AP

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