Jan 12, 2012 10:39 AM by AP

Louisiana foreclosures slow a bit in 2011

NEW ORLEANS (AP) - The pace of home foreclosures in Louisiana slowed a bit in 2011, following a national trend that soon may be reversed.
That's according to Irvine, Calif.-based RealtyTrac, which tracks foreclosures nationwide.
RealtyTrac says that, in 2011, 15,521 homes in Louisiana were hit by some sort of foreclosure action. Those range from an initial notice of default to repossession by a lender. The state ranked 29th in the country as the foreclosure actions fell 1.5 percent from 2010. However, actions rose by 32 percent from 2009.
RealtyTrac says the foreclosures are likely to pick up in 2012 as legal snarls with paperwork that delayed many foreclosures are worked out.


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