State’s foreclosures more than double
Published: April 16,2010
ACROSS MISSISSIPPI — The number of Mississippi homeowners facing or hit by foreclosure has more than doubled over the past year.
That is according to RealtyTrac, which tracks foreclosures nationwide.
In March, 518 Mississippi properties were targeted for some kind of foreclosure action, ranging from a notice of default to outright repossession. In March 2009, there were 221 such actions in the state.
Last month, 224 properties were actually taken from their owners. That is down from 333 in February, but up from only 42 in March 2009.
Mississippi ranks 45th on the foreclosure list.
Nationally, foreclosure actions are up 16 percent from a year ago. RealtyTrac says that is due to foreclosure moratoriums ending and banks working through problem loans.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau
- Walker sentenced to 18 months for fraud, conspiracy
- Three indicted, alleged to have embezzled from agency
- Weyerhaeuser investing $57M to modernize lumber mill
- Manning family establishes health care initiative at UMMC
- Google chooses Mad Genius as example of Internet use
- Communities awarded national Main Street accreditation