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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Brandon man hauls in record 756-pound alligator
- McDaniel delays decision on whether to appeal dismissal of lawsuit
- More than a dozen school districts sue state over funding
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Is cotton looking too good? Farmers facing weaker prices
- Jackson to get C Spire's high-speed internet
- New York firm buying majority interest in Tupelo mall, shopping center
- Bryant issues executive order to establish Delta water task force