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Tag Archives: foreclosures

Report: Foreclosures tumbled in state in November

ACROSS MISSISSIPPI — Foreclosure actions against Mississippi homeowners in November dropped 16 percent from October — a seasonal trend likely pushed farther by delays stemming from questions about the legality of some proposed seizures, a national foreclosure tracking group said today. Irvine, Calif.-based RealtyTrac said 431 properties in Mississippi were the target of some sort of foreclosure-related action last month ...

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Foreclosures up in Jackson, Gulfport-Biloxi

Two Mississippi areas – Jackson and Gulfport-Biloxi – recorded increases in foreclosure actions against delinquent homeowners during the third quarter, a national tracking organization said Thursday. Irvine, Calif.-based RealtyTrac surveyed actions against homeowners behind on their loans, ranging from an initial notice of default to outright lender repossession. Although Jackson and Gulfport-Biloxi posted double-digit increases from the second quarter, they ...

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Citigroup earns $2.15B as failed loans decrease

NEW YORK – Citigroup Inc., one of the largest banks in the world, reported its third straight quarter of profit Monday in another sign that the American consumer is healing. The New York bank, which is still 12 percent owned by the government, earned $2.15 billion, or 7 cents per share, in the three months ending in September. The results ...

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U.S. foreclosures continue to soar

LOS ANGELES — Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac Inc. said today. In all, banks repossessed 95,364 properties last ...

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State's foreclosure rate among lowest in U.S.

ACROSS MISSISSIPPI — The number of Mississippi residents faced with the loss of their homes through foreclosure rose in July, but the rate still is one of the lowest in the United States. RealtyTrac, which tracks foreclosure actions nationwide, said that 415 homeowners received a foreclosure-related notice last month. Those notices range from an initial default notice to outright repossession. ...

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Foreclosures down in Jackson, up on the Coast

ACROSS MISSISSIPPI — Fewer foreclosure notices are going out in Jackson — but more homeowners in Gulfport-Biloxi are getting into mortgage trouble. RealtyTrac, which tracks foreclosures nationwide, reports 527 foreclosure notices in Jackson during the first half of 2010, affecting one in every 423 homes. That’s down 39 percent from the first half of 2009 and 67 percent from the ...

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State's foreclosure rate plummets

ACROSS MISSISSIPPI — Foreclosure actions against Mississippi homeowners fell 29 percent from March to April. That is according to Irvine, Calif.-based RealtyTrac, which counts foreclosure actions nationwide. Last month, there were 369 foreclosure-related notices in Mississippi — down 29 percent from March and up 10 percent April 2009. Those notices range from an initial notice of default to outright repossession. ...

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State's foreclosures more than double

ACROSS MISSISSIPPI — The number of Mississippi homeowners facing or hit by foreclosure has more than doubled over the past year. That is according to RealtyTrac, which tracks foreclosures nationwide. In March, 518 Mississippi properties were targeted for some kind of foreclosure action, ranging from a notice of default to outright repossession. In March 2009, there were 221 such actions ...

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White House to announce mortgage relief

WASHINGTON — After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration is expected to announce today a plan to reduce the amount some troubled borrowers owe on their home loans. People briefed on the plan said the effort will let people who owe more on their mortgages than their properties are worth get new ...

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Bank of America forgiving some troubled mortgages

CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to 30 percent of some customers’ total mortgage balance. The homeowners must be at least 60 days delinquent on their loans and owe ...

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