Louisiana Foreclosures

Louisiana Foreclosures Fall in November

The volume of
Louisiana foreclosures
dropped in November, according to information released by a foreclosure tracking firm. There were 1,418 properties in all of the state that fell in different stages of foreclosure. Those households that received initial default notices were repossessed by lenders or included in each
foreclosed homes listing
in the state. The figure was 25% lower compared to Louisiana foreclosures in October and about 21% smaller than volume of
foreclosed homes
in November last year.

Of those foreclosed homes in the month, 635 received sale notices while 422 properties were repossessed from homeowners. Every foreclosed home listing in state contained many, if not all, of those foreclosed homes that were made available for sale to new homebuyers. Louisiana foreclosures were the 37th highest in the entire US that month. It is estimated that one per 1,328 homes in the state was foreclosed. The decline was attributed to the foreclosure halt implemented by lenders.

In comparison, there were 262,339 properties that were foreclosed in the entire US in November. That was 21% lower compared to foreclosed homes in the national level in November and 14.4% lower compared to national foreclosures in November 2009. It is estimated that one per 492 properties in the country graced any foreclosed home listing or received foreclosure notices.

Meanwhile, Nevada was still the state with the highest volume of foreclosures in November, for the 47th month in a row. One per 99 homes in the state was foreclosed. That was much higher compared to Louisiana foreclosures.

However, regardless of statistics, there are a huge amount of
cheap foreclosures for sale
on the market. On FreeForeclosuresSale.com, for example, you will find extensive and up-to-date
foreclosure listings
, including foreclosed homes in all parts of the country.

Original post:
http://www.freeforeclosuressale.com/blog/louisiana-foreclosures-fall-november/
on
FreeForeclosuresSale.com
, your source of HUD foreclosures.

St. Tammany Parish Single Family Foreclosure Update Week 8 February-21-2011 through February-27-2011

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