Mississippi Business Journal » foreclosures

Refinance activity strong in state as people take advantage of record low rates

Becky Gillette — Sun, 03 Jun 2012 06:01:02 +0000

The flip side of the housing bubble burst is that interest rates are as low as people are likely to see in their lifetimes. That combined with the government’s HARP II program to help distressed homeowners stay in their homes are reducing mortgage amounts, and contributing to increased revenues at banks. Regions Bank chief financial [...]

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FNC index shows U.S. home prices fell in January

MBJ Staff — Fri, 30 Mar 2012 20:11:41 +0000

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values declined in January, in spite of continued economic expansion and an improving job market in recent months. The latest persistent downtrends are driven primarily by conditions in the distressed market, which remains overwhelmed by the disposal of foreclosed and REO properties. [...]

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Jackson foreclosures down in October, but up statewide

Ted Carter — Sun, 15 Jan 2012 06:00:39 +0000

Foreclosure rates in Jackson decreased in October from the same period last year, according to new data from CoreLogic. Statewide, however, foreclosures rates rose from 2.38 percent in October 2010 to 2.57 percent in October last year, California real estate research firm CoreLogic reported. CoreLogic said the rate of Jackson area foreclosures among outstanding mortgage [...]

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Report: State’s foreclosure rate fell in 2011

Associated Press — Thu, 12 Jan 2012 14:48:09 +0000

ACROSS MISSISSIPPI — The pace of home foreclosures in Mississippi slowed substantially in 2011, following a national trend that may soon be reversed, a national foreclosure tracking firm said yesterday. Irvine, Calif.-based RealtyTrac said that in 2011, 3,172 homes in the state were hit by some sort of foreclosure action. Those range from an initial [...]

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State’s foreclosures up 27 percent over prior quarter

Associated Press — Thu, 13 Oct 2011 13:31:09 +0000

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 [...]

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RealtyTrac: State’s foreclosures ‘dropped sharply’

Associated Press — Thu, 25 Aug 2011 13:32:59 +0000

ACROSS MISSISSIPPI — The number of Mississippi homes being sold in some stage of foreclosure has dropped sharply over the past year. Irvine, Calif.-based RealtyTrac said 99 foreclosed homes were sold in the state in the April-through-June period at an average price of $145,331. That represented a 20.7 percent discount from homes that were not [...]

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Foreclosures up in metro Jackson, down on Coast

Associated Press — Thu, 28 Jul 2011 12:37:40 +0000

JACKSON and GULF COAST — The Jackson metropolitan area saw a higher year-over-year rate in the number of foreclosure actions taken against homeowners during the first six months of 2010. In the meantime, Gulfport-Biloxi recorded a sharp drop. Irvine, Calif.-based RealtyTrac said that Jackson had foreclosure-related filings against 608 properties from January through June. That [...]

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State’s foreclosures fell during second quarter

Associated Press — Thu, 14 Jul 2011 18:25:03 +0000

ACROSS MISSISSIPPI — The number of Mississippi residents threatened by the loss of their homes dropped during the second quarter. Irvine, Calif.-based RealtyTrac says that for the three months ending June 30, 840 properties were targeted by some foreclosure-related action. But for those it was largely the end of the line, as 514 were repossessed [...]

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Report: Mississippi’s foreclosures fall — slightly

Associated Press — Thu, 12 May 2011 18:04:39 +0000

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 [...]

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RealtyTrac: State’s foreclosures fell during first quarter

Associated Press — Thu, 14 Apr 2011 15:07:46 +0000

ACROSS MISSISSIPPI — The number of Mississippi homeowners ensnarled in foreclosure dropped during the first quarter of 2011, although lenders still seized 594 properties, a national foreclosure tracking firm said today. For January-through-March, 1,083 properties in the state were hit by some kind of foreclosure-related action, ranging from an initial default notice to outright repossession, [...]

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