The number of Mississippi residents facing the potential loss of their homes is dropping, according to RealtyTrac, which tracks foreclosure notices nationwide.
Last month, there were 358 foreclosure-related actions in Mississippi. Those range from an initial notice of default to the actual loss and repossession of a residence by a lender.
That's a drop of 17.5 percent in May 2009 and a 6.3 percent drop from April 2010.
But last month's figures included 213 homeowners who lost their homes to a lender.
Mississippi ranked 47th nationwide in foreclosures.
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