Home Foreclosure Action Slows In Louisiana

Over 5,000 Louisiana homes were targeted for some kind of foreclosure action during the third quarter, with most of the owners either losing their homes or being scheduled for a foreclosure sale.

That’s according to Irvine, Calif.-based RealtyTrac, which tracks foreclosures nationwide.

RealtyTrac says 5,139 properties were hit by a foreclosure action ranging from an initial default notice to outright repossession by a lender. Of those, 2,293 were taken back by lenders, while 2,020 received a final sale notice.

Foreclosure actions affected one in every 382 Louisiana housing units, ranking the state 29th in the RealtyTrac count.

Foreclosure action did slow in the state — dropping just under 9 percent from the second quarter of 2010 and 2.5 percent from the third quarter a year ago.