Report: Mississippi’s foreclosures fall — slightly
by Associated Press
Published: May 12,2011
ACROSS MISSISSIPPI — The number of Mississippi homeowners facing foreclosure has taken a slight dip.
Irvine, Calif.-based RealtyTrac, which tracks foreclosures nationwide, said that in April, foreclosure-related actions were taken against 361 properties in Mississippi. Those actions ranged from an initial notice of default to outright repossession by a lender.
Last month, 149 properties were scheduled for a foreclosure sale. Lenders took back 212.
The rate of foreclosure actions — affecting one in every 3,551 housing units — was down 2.7 percent from March and 2.2 percent from April 2010. That ranked Mississippi 45th in the nation.
RealtyTrac said that national foreclosure actions dropped 9 percent from March and 34 percent from April 2010 — mostly because of legal questions about paperwork.
April was the seventh straight month of national declines and brought foreclosure activity in the depressed U.S. housing market to a 40-month low.
“The slowdown continues to be largely the result of massive delays in processing foreclosures rather than the result of a housing recovery that is lifting people out of foreclosure,” said RealtyTrac chief executive James Saccacio.
Nationally, 219,258 properties received a foreclosure-related notice last month. Lenders took back 69,532 U.S. properties in April.
Nevada posted the nation’s highest foreclosure rate for the 57th straight month in April, with one in every 97 housing units targeted by a foreclosure-related notice. That was followed by Arizona, California, Utah, Idaho, Michigan, Florida, Georgia, Colorado and Oregon.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- Keeping our eye on... Liz Lancaster
- GOP Sen. Thad Cochran to run for seventh term
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- IKE TROTTER: There are primary changes in Social Security for 2014
- C Spire launches next phase of 1-gig service rollout
- Alcorn's finances being investigated; CFO resigns
- Hood issues opinion on open-carry gun law
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- Court to hear case involving alligators and ExxonMobil