Foreclosures down in Jackson, up on the Coast
ACROSS MISSISSIPPI — Fewer foreclosure notices are going out in Jackson — but more homeowners in Gulfport-Biloxi are getting into mortgage trouble.
RealtyTrac, which tracks foreclosures nationwide, reports 527 foreclosure notices in Jackson during the first half of 2010, affecting one in every 423 homes. That’s down 39 percent from the first half of 2009 and 67 percent from the last half of 2009.
Notices range from an initial default notice to a repossession and sale.
In Gulfport-Biloxi, RealtyTrac says 528 notices went out during the first six months of 2010, hitting one in every 201 homes. That’s up 152.6 percent from the first half of 2010 and 54.8 percent from the last half of the year.
Gulfport-Biloxi ranks 158th in the nation among metropolitan areas, while Jackson ranks 191st.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Foreclosures down in Jackson, up on the Coast”
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- McDaniel files legal arguments as he looks to overturn Cochran loss
- Tragedy for Jackson Prep: Football player Walker Wilbanks dies
- UMMC reaching out after death of high school football player
- Fitch gives Mississippi Power a negative outlook due to Kemper plant
- UPDATED: Jackson agrees to repay HUD $1.5 million for Farish Street blunders
- Mississippi River mayors announce 'seed money' for waterfront developments
- Payday lender expects clean bill from regulators