The foreclosure rate in Louisiana remained below the national average in February, despite a big jump in seizures from the previous month. According to RealtyTrac, one out of every 2,742 Louisiana homes was in some state of foreclosure last month, compared with the national average of one for every 440 homes. That put Louisiana 40th in a ranking of foreclosure rates by states and the District of Columbia. Foreclosures were up 40% from January, but only 4.3% when compared with February 2008. Nationwide, foreclosures were up nearly 30% from a year before, but nearly 6% from January. Once again, Nevada led the nation in foreclosures, with one for every 70 homes.
Louisiana ranks 40th for foreclosures
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