Mississippi Foreclosure Notices Dropping

By: The Associated Press
By: The Associated Press

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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