Home » Tag Archives: foreclosure

Tag Archives: foreclosure

Foreclosures down, sales prices going up

There’s good news for various residential real estate markets around the state, presidents of three regional professional organizations report. Home foreclosures are down and the number of sales and average sales prices of homes have increased throughout Mississippi. “Our market is holding steady with a slight increase,” said Sandy Richardson, president of the Northwest Mississippi Association of Realtors. “We were ...

Read More »

US foreclosure inventory down 29 percent nationally from a year ago

CoreLogic today released its May National Foreclosure Report with a supplement featuring quarterly shadow inventory data as of April 2013. According to CoreLogic analysis: There were 52,000 completed foreclosures in the U.S. in May 2013, down from 71,000 in May 2012, a year-over-year decrease of 27 percent. On a month-over-month basis, completed foreclosures increased 3.5 percent, from 50,000 in April 2013 to ...

Read More »

Commercial contractors are still struggling in state

The news is mainly good on the residential side of the construction industry that is currently weathering its worst cycle in decades. Unfortunately, the commercial contractors are still having a hard time finding work. And while industry leaders see some optimistic signs, the outlook remains guarded at best. Homebuilders are starting to see some sunlight. And, Oxford-based mortgage technology company ...

Read More »

FNC report: Housing market should continue to improve

OXFORD — Though home foreclosures continue to be a challenge in many hard-hit markets, a report released by mortgage technology company FNC indicates the ongoing housing recovery should continue for the long haul. According to FNC’s Foreclosure Market Report, foreclosure prices have bottomed out in recent months and the foreclosure market has stabilized while underlying home values are rising. Foreclosure ...

Read More »

Foreclosure rates in Jackson decrease

Foreclosure rates in Jackson decreased for the month of September over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Jackson area foreclosures among outstanding mortgage loans was 2.04 percent for the month of September 2012, a decrease of 0.26 percentage points compared to September of 2011 when the ...

Read More »

Family fights for control of Tri-State Brick & Tile

Trustmark National Bank’s early July foreclosure of Tri State Brick & Tile left the founder’s splintered family little to fight over, but the Mississippi Supreme Court may still have to declare a symbolic winner in the years-long feud. The justices have been asked to decide whether Trustmark, as the major lender to the 66-year-old Forest Avenue brickyard, should have had ...

Read More »

Unable to reach deal with Bally, Grand Station Casino closes

VICKSBURG — Grand Station Casino has closed in Vicksburg, affecting 230 employees. The Vicksburg Post reports casino officials began escorting employees from the casino about 11 a.m. yesterday and security guards turned prospective gamblers away. Vicksburg Mayor Paul Winfield says the city would work with companies interested in acquiring the casino. The action came after Bally Gaming Inc. told the ...

Read More »

Casino's foreclosure sale postponed; Bally agrees to discuss unpaid debt

VICKSBURG — Bally Gaming Inc. and the owners of Vicksburg’s Grand Station Casino have agreed to discuss unpaid $3 million debt. Vicksburg City Attorney Lee Thames tells the Vicksburg Post the foreclosure sale of the Grand Station Casino scheduled for yesterday has been postponed indefinitely. The casino was expected to be sold to settle all or part of an unpaid ...

Read More »

Bank to take over historic Monmouth in foreclosure proceedings

NATCHEZ — United Mississippi Bank was expected to assume ownership of historic Monmouth today in foreclosure proceedings. Warren Reuther, president of New Orleans Hotel Consultants, said his company has met with bank representatives about the possibility of managing Monmouth. Reuther said the bank intends to do everything they can to keep Monmouth open because of the vital role the property ...

Read More »

FORECLOSURE SETTLEMENT — AG concedes legislators likely to decide where $14.1M goes

Mississippi legislators will be the deciders in how to use a $14.2 million direct payment from a $25 billion national mortgage fraud settlement. Attorney General Jim Hood hopes legislators will allocate the money for such things as housing counseling, mortgage-education efforts and for programs to guide victimized homeowners through the settlement process. He concedes, however, it appears Mississippi lawmakers will ...

Read More »