The number of foreclosure filings statewide dropped 16% from April to May, falling at a faster rate than the national average. According to RealtyTrac, one out of every 1,976 Louisiana households received a foreclosure filing in May, the 40th lowest rate out of all the states and the District of Columbia. Nationwide, there was one filing for every 398 households. Despite the month-to-month drop, foreclosures were up 34% in Louisiana in May, when compared with the year before. That’s nearly double the 18% increase that happened nationally. Nevada once again had the highest rate, with one out of every 64 homes facing seizure. Vermont had the lowest rate, one for every 51,906 houses.
Number of La. foreclosures drops in May
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