State’s foreclosures up 27 percent over prior quarter
by Associated Press
Published: October 13,2011
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Stabenow, Cochran brace for full Senate vote on Farm Bill
- District at Eastover construction to start later this year
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom
- Ex-Northwest Rankin coach David Coates dies before drug trial
- Fervor grows for Tuscaloosa Marine Shale
- Keeping Our Eye On Nathan McNeill
- Forward-thinking power companies transform “disruptions” into opportunities
- OUR VIEW: USM makes right call by calling off tornado relief campaign
- WILLOUGHBY: Rubinsky grows First Class Linen from ground up