MISSISSIPPI FORECLOSURE ACTIVITY DOWN 1 PERCENT IN SEPTEMBER

 

Activity Up 105 Percent From September 2006

 

IRVINE, Calif. – Oct. 26, 2007 – Mississippi reported 162 foreclosure filings in September, a 1 percent decrease from the previous month, but 105 percent above the number reported in September 2006, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1 million properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.

 

Mississippi’s labor market continues to struggle, as is evident from the state’s increase in foreclosures compared to last year,” said James J. Saccacio, chief executive officer of RealtyTrac.

 

Mississippi ranked 41st in the country in total foreclosures reported for September. The state’s foreclosure rate of one foreclosure filing for every 7,627 households ranked it 46th among the 50 states.

 

Hinds County reports biggest foreclosure total

Hinds County led Mississippi in foreclosure activity, with 82 foreclosure filings for September. De Soto County reported the second highest foreclosure total, with 33 foreclosure filings. Madison County posted the third highest foreclosure total, with 10 foreclosure filings for the month.

 

Hinds County posts highest foreclosure rate

Hinds County tallied the highest foreclosure rate in Mississippi for September, with one foreclosure filing for every 1,275 households — six times the state average. De Soto County registered the second highest foreclosure rate, with one foreclosure filing for every 1,605 households — 4.8 times the state average. George County posted the third highest foreclosure rate, with one foreclosure filing for every 2,583 households — three times the state average.

 

State makes minor contribution to nation’s monthly total

Total foreclosure filings in Mississippi accounted for less than 1 percent of the 223,538 foreclosure filings reported nationwide in September. The national total represents an 8 percent decrease from the previous month, but is still 99 percent above the total reported for September 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 557 U.S. households for the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank).

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

 

                    Mississippi Foreclosure Market by County – September 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

47,234

63,405

21,925

51,172

39,802

223,538

557

n/a

n/a

Mississippi

2

111

0

0

49

162

7,627

0.07

n/a

 

 

 

 

 

 

 

 

 

 

Adams

0

0

0

0

1

1

15,349

0.04

0.49

Alcorn

0

0

0

0

0

0

n/a

0.00

0.00

Amite

0

0

0

0

0

0

n/a

0.00

0.00

Attala

0

0

0

0

0

0

n/a

0.00

0.00

Benton

0

0

0

0

0

0

n/a

0.00

0.00

Bolivar

0

1

0

0

1

2

7,653

0.07

0.99

Calhoun

0

0

0

0

0

0

n/a

0.00

0.00

Carroll

0

0

0

0

0

0

n/a

0.00

0.00

Chickasaw

0

0

0

0

0

0

n/a

0.00

0.00

Choctaw

0

0

0

0

0

0

n/a

0.00

0.00

Claiborne

0

0

0

0

0

0

n/a

0.00

0.00

Clarke

0

0

0

0

0

0

n/a

0.00

0.00

Clay

0

0

0

0

0

0

n/a

0.00

0.00

Coahoma

0

0

0

0

0

0

n/a

0.00

0.00

Copiah

0

1

0

0

1

2

5,693

0.10

1.34

Covington

0

1

0

0

0

1

8,358

0.07

0.91

De Soto

0

2

0

0

31

33

1,605

0.35

4.75

Forrest

0

0

0

0

0

0

n/a

0.00

0.00

Franklin

0

1

0

0

0

1

4,259

0.13

1.79

George

0

2

0

0

1

3

2,583

0.22

2.95

Greene

0

0

0

0

0

0

n/a

0.00

0.00

Grenada

0

0

0

0

0

0

n/a

0.00

0.00

Hancock

0

0

0

0

0

0

n/a

0.00

0.00

Harrison

0

0

0

0

0

0

n/a

0.00

0.00

Hinds

1

75

0

0

6

82

1,275

0.44

5.98

Holmes

0

0

0

0

0

0

n/a

0.00

0.00

Humphreys

0

0

0

0

0

0

n/a

0.00

0.00

Issaquena

0

0

0

0

0

0

n/a

0.00

0.00

Itawamba

0

0

0

0

0

0

n/a

0.00

0.00

Jackson

0

2

0

0

1

3

18,911

0.03

0.40

Jasper

0

0

0

0

0

0

n/a

0.00

0.00

Jefferson

0

0

0

0

0

0

n/a

0.00

0.00

Jefferson Davis

0

0

0

0

0

0

n/a

0.00

0.00

Jones

0

1

0

0

0

1

27,624

0.02

0.27

Kemper

0

0

0

0

0

0

n/a

0.00

0.00

Lafayette

0

0

0

0

0

0

n/a

0.00

0.00

Lamar

0

0

0

0

1

1

15,970

0.03

0.47

Lauderdale

0

4

0

0

1

5

6,870

0.08

1.11

Lawrence

0

0

0

0

0

0

n/a

0.00

0.00

Leake

0

0

0

0

0

0

n/a

0.00

0.00

Lee

0

0

0

0

0

0

n/a

0.00

0.00

Leflore

0

0

0

0

0

0

n/a

0.00

0.00

Lincoln

0

1

0

0

1

2

7,228

0.08

1.05

Lowndes

0

0

0

0

0

0

n/a

0.00

0.00

Madison

0

9

0

0

1

10

3,411

0.16

2.23

Marion

0

0

0

0

0

0

n/a

0.00

0.00

Marshall

0

0

0

0

0

0

n/a

0.00

0.00

Monroe

0

1

0

0

0

1

16,594

0.03

0.46

Montgomery

0

0

0

0

0

0

n/a

0.00

0.00

Neshoba

0

0

0

0

0

0

n/a

0.00

0.00

Newton

0

0

0

0

0

0

n/a

0.00

0.00

Noxubee

1

0

0

0

0

1

5,388

0.10

1.41

Oktibbeha

0

0

0

0

0

0

n/a

0.00

0.00

Panola

0

0

0

0

0

0

n/a

0.00

0.00

Pearl River

0

1

0

0

0

1

22,521

0.02

0.33

Perry

0

0

0

0

0

0

n/a

0.00

0.00

Pike

0

0

0

0

0

0

n/a

0.00

0.00

Pontotoc

0

2

0

0

1

3

3,764

0.15

2.02

Prentiss

0

0

0

0

0

0

n/a

0.00

0.00

Quitman

0

1

0

0

0

1

3,957

0.14

1.92

Rankin

0

1

0

0

0

1

51,411

0.01

0.14

Scott

0

0

0

0

0

0

n/a

0.00

0.00

Sharkey

0

0

0

0

0

0

n/a

0.00

0.00

Simpson

0

1

0

0

0

1

11,531

0.05

0.66

Smith

0

0

0

0

0

0

n/a

0.00

0.00

Stone

0

0

0

0

0

0

n/a

0.00

0.00

Sunflower

0

0

0

0

0

0

n/a

0.00

0.00

Tallahatchie

0

0

0

0

0

0

n/a

0.00

0.00

Tate

0

1

0

0

0

1

10,320

0.05

0.73

Tippah

0

0

0

0

0

0

n/a

0.00

0.00

Tishomingo

0

0

0

0

0

0

n/a

0.00

0.00

Tunica

0

0

0

0

0

0

n/a

0.00

0.00

Union

0

0

0

0

0

0

n/a

0.00

0.00

Walthall

0

1

0

0

0

1

6,619

0.08

1.15

Warren

0

0

0

0

0

0

n/a

0.00

0.00

Washington

0

0

0

0

2

2

12,479

0.04

0.61

Wayne

0

0

0

0

0

0

n/a

0.00

0.00

Webster

0

1

0

0

0

1

4,475

0.12

1.70

Wilkinson

0

0

0

0

0

0

n/a

0.00

0.00

Winston

0

0

0

0

0

0

n/a

0.00

0.00

Yalobusha

0

0

0

0

0

0

n/a

0.00

0.00

Yazoo

0

1

0

0

0

1

10,189

0.05

0.74

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest growing private companies, RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.

 

Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new homes, with more than 1.3 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and the Wall Street Journal’s Real Estate Journal. For more information, visit (www.realtytrac.com).

 

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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