A vast majority of homes in Louisiana had been subject to foreclosure. A few others received auction note. These were experienced despite the sliding down of foreclosure-related activity in Louisiana, according to report Thursday.
There were 1,559 foreclosure notices issued in Louisiana in August of this year ranging from initial notice of default to actual repossession. This was a result of study by RealtyTrac, a company that monitors foreclosures nationwide based in Irvine, California.
A total of 947 Louisiana residents have received final sale notices in August, a 231 decrease from 1,178 sales notices received in July. Repossessions in August were down to 422 homes from 715 in July.
To prevent further plunge, lenders nationwide seemed to be slowly pushing delinquent homeowners into the process, according to RealtyTrac
A ratio of one in every 1,208 properties received a foreclosure notice in August. This positions Louisiana as 39th in the whole United States. Nevada, on the other hand has posted the highest foreclosure rate last month, this was followed by Florida, Arizona, California, Idaho, Utah, Georgia, Michigan, Illinois and Hawaii.