Home » NEWS » State's foreclosures up 27 percent over prior quarter

State's foreclosures up 27 percent over prior quarter

ACROSS MISSISSIPPI — Nearly 600 Mississippi homeowners reached the end of the line during the third quarter, losing their homes to foreclosure.

That’s according to Irvine, Calif.-based RealtyTrac, which tracks foreclosure actions nationwide.

RealtyTrac said 1,069 properties were targeted for some sort of foreclosure action from July through September. Of those, lending institutions took back 583 and the other 486 received a final notice of sale.

Those actions affected one in every 1,199 housing units in the state, ranking Mississippi 44th in the RealtyTrac count.

Foreclosure actions in Mississippi rose 27 percent from the second quarter of 2011, but were down 25.4 percent from the third quarter of 2010.

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Your email address will not be published.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 *

*