Louisiana ranks 39th for foreclosures

Author Profile Image
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.

Louisiana ranked 39th among all states and the District of Columbia for the percentage of homes facing foreclosure in the first half of the year. According to RealtyTrac, which tracks foreclosures nationally, one out of 360 homes in the state faced foreclosure during the first six months of the year, compared with the national average of one foreclosure filing per 84 U.S. homes. The state saw a 34% increase in the number of foreclosure filings over the first half of 2008, ahead of the national increase of nearly 15%. But RealtyTrac cautions that the Louisiana increase may not be as high as advertised due to changes and improvements in how the foreclosure information is collected locally. Nevada once again led the nation in foreclosures, with one out of every 16 houses in the state getting at least one foreclosure filing in the first six months of 2009. Vermont was ranked last, with one filing per 8,898 homes.

Comments (0)

From Our Partners

Daily Report Poll

ASK AI

Ask anything about Baton Rouge business