Foreclosure notices up 41 percent in Mississippi - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Foreclosure notices up 41 percent in Mississippi

JACKSON, Miss. (AP) - Although the pace of the foreclosure crisis is slowing down in the United States, 41 percent more Mississippi households received some sort of a foreclosure-related notice last month than during February 2009.

RealtyTrac, which tracks foreclosures nationwide, said 416 Mississippi homeowners received such a notice last month.

Nationwide, RealtyTrac said last month's figure was up only 6 percent - the smallest annual increase in four years.

One in every 3,046 Mississippi homeowners was hit by a notice last month. Those notices range from an initial warning of default to the outright sale of a confiscated property.

Mississippi ranked 40th in foreclosure notices.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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