Mississippi foreclosure rates declining - MSNewsNow.com - Jackson, MS

Mississippi foreclosure rates declining

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STATE OF MISSISSIPPI (WLBT) - The number of Mississippi residents facing the potential loss of their homes is dropping.

That's according to RealtyTrac, a company that tracks foreclosure notices nationwide.

Last month, there were 358 foreclosure-related actions ranging from an initial notice of default to the actual loss and repossession of a residence by a lender.

That's a drop of 6.3 percent from April's numbers and a 17.5 percent drop from one year ago.

Mississippi ranks 47th nationwide in foreclosures.

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