Over 5,000 Louisiana homes were targeted for some kind of foreclosure action during the third quarter, with most of the owners either losing their homes or being scheduled for a foreclosure sale. That’s according to Irvine, Calif.-based RealtyTrac, which tracks foreclosures nationwide. Foreclosure actions affected one in every 382 Louisiana homes in the quarter, ranking the state 29th in the RealtyTrac count. Foreclosure action did slow in the state, down 2.5% from the third quarter a year ago. RealtyTrac says 5,139 Louisiana properties were hit by a foreclosure action ranging from an initial default notice to outright repossession by a lender. Of those, 2,293 were taken back by lenders, while 2,020 received a final sale notice.
Foreclosure action slows in Louisiana
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