JACKSON, Miss. (AP) - Foreclosure actions against Mississippi homeowners in November dropped 16% from October - a seasonal trend likely pushed farther by delays stemming from questions about the legality of some proposed seizures,
That's the word from a national foreclosure tracking group.
Irvine, Calif.-based RealtyTrac said 431 properties in Mississippi were the target of some sort of foreclosure-related action last month. Those actions ranged from an initial notice of default to outright confiscation by a lender.
RealtyTrac said the actions involved 291 sale notices and 140 properties taken back from owners. One in every 1,328 properties in the state was affected, making the state 47th in the nation.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.