Thursday, July 14, 2011

Mississippi Foreclosure Filings Dropping?

Foreclosure actions falling in Mississippi

By ALAN SAYRE , 07.14.11, 02:04 PM EDT

The number of Mississippi residents threatened by the loss of their homes dropped during the second quarter, a national tracking firm said Thursday.

Irvine, Calif.-based RealtyTrac said 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 by lenders and the other 326 were scheduled for a foreclosure sale.

The total number of actions fell 22.4 percent from the first quarter of 2011 and 17.8 percent from the second quarter of 2010.

Mississippi ranked 47th in the RealtyTrac count among the states and the District of Columbia in foreclosure-related actions during the second quarter.

Over the first half of 2011, Mississippi recorded 1,872 foreclosure-related filings, affecting one in every 685 housing units. That's down 42 percent from the previous six months and 16.5 percent from the first half of 2010.

Mississippi ranked 46th in foreclosure actions for the first six months of the year.

read the entire article at Forbes.com

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