State’s foreclosures up 27 percent over prior quarter

ACROSS MISSISSIPPI — Nearly 600 Mississippi homeowners reached the end of the line during the third quarter, losing their homes to foreclosure.

That’s according to Irvine, Calif.-based RealtyTrac, which tracks foreclosure actions nationwide.

RealtyTrac said 1,069 properties were targeted for some sort of foreclosure action from July through September. Of those, lending institutions took back 583 and the other 486 received a final notice of sale.

Those actions affected one in every 1,199 housing units in the state, ranking Mississippi 44th in the RealtyTrac count.

Foreclosure actions in Mississippi rose 27 percent from the second quarter of 2011, but were down 25.4 percent from the third quarter of 2010.