Foreclosures drop a bit in Miss.
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 scheduled for a foreclosure sale. Lenders took back 212.
The rate of foreclosure actions - affecting one in every 3,551 housing units - was down 2.7 percent from March and 2.2 percent from April 2010. That ranked Mississippi 45th in the nation.
RealtyTrac said that national foreclosure actions dropped 9 percent from March and 34 percent from April 2010 - mostly because of legal questions about paperwork.
Number of home foreclosures on the rise in La.
NEW ORLEANS (AP) - The number of Louisiana homeowners facing foreclosure is on the rise.
Irvine, Calif.-based RealtyTrac, which tracks foreclosures nationwide, said that in April, foreclosure-related actions were taken against 2,289 properties. Those actions ranged from an initial notice of default to outright repossession by a lender.
Last month, 1,349 housing units were scheduled for a foreclosure sale. Lenders took back 635.
The rate of foreclosure actions - affecting one in every 858 housing units - was up 11.8 percent from March and 23.8 percent from April 2010. That ranked Louisiana 22nd in the nation.
RealtyTrac said that national foreclosure actions dropped 9 percent from March and 34 percent from April 2010 - mostly because of legal questions about paperwork. April was the seventh straight month of national declines and brought foreclosure activity in the depressed U.S. housing market to a 40-month low.
"The slowdown continues to be largely the result of massive delays in processing foreclosures rather than the result of a housing recovery that is lifting people out of foreclosure," said RealtyTrac chief executive James Saccacio.
Nationally, 219,258 properties received a foreclosure-related notice last month. Lenders took back 69,532 U.S. properties in April.
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