Foreclosures down in Jackson, up on the Coast

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Published: July 29,2010

Tags: foreclosures, housing, mortgage, real estate

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.

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