Foreclosures down in Louisiana

Foreclosure actions against Louisiana homeowners in November dropped 25% from October—a seasonal trend likely influenced by delays stemming from questions about the legality of some proposed seizures, a national foreclosure tracking group says. Irvine, Calif.-based RealtyTrac says 1,418 properties in Louisiana were the target of some sort of foreclosure-related action last month, ranging from an initial notice of default to confiscation by a lender. RealtyTrac says the actions involved 635 sale notices and 422 properties taken back from owners. One in every 1,328 properties in the state was affected, making the state 37th in the nation. The national rate for November was one in every 492 properties, a 21% decline from October and a 14.4% fall from November 2009. The Louisiana rate was down 21% from November 2009. Livingston Parish had the third-highest foreclosure rate in the state, with one out of every 589 properties facing some kind of action. East Baton Rouge had the sixth-highest rate at one per 822 homes. Nevada posted the nation’s highest foreclosure rate for the 47th consecutive month, with one in every 99 properties receiving some sort of action.