The number of Louisiana homeowners on the brink of losing their houses dropped nearly 23% in October from the month before, the 11th-biggest plunge out of any state and the District of Columbia. RealtyTrac says that one out of every 1,459 Louisiana households got a foreclosure-related notice, compared with the national average of one per 385 homes. Louisiana ranked 38th for foreclosures out of all states and the District of Columbia, despite seeing a 98% increase in foreclosure activity from October 2008. RealtyTrac notes the Louisiana increase may be due to changes in data collection and rather than reflecting a change in the market. Nevada continued to have the highest state foreclosure rate, despite a 26% plunge from September to October. One out of every 80 households in the state got a foreclosure related notice in October. Vermont continued to rank at the bottom, with 15 foreclosures in the entire state.
La. continues to rank low for foreclosures
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