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Louisiana among states with greatest foreclosure increases

Overall throughout the U.S., the number of foreclosure filings fell during the first half of the year. The total number was down over 296,000 from the first six months of 2018. That's an 18% drop in a year and a whopping 82% decrease from 2010. Those numbers are from ATTOM Data Solutions, which recently published its Midyear 2019 U.S. Foreclosure Market Report.

However, the news was not good in every state -- including Louisiana. Foreclosure filings rose by 19% over last year. All of the states that reported the highest increases are in the southeastern region of the country. Mississippi saw a 56% increase, followed by Florida at 28% and Georgia at 22%. Four metro areas within Florida were among the relatively few (16%) where foreclosure starts increased. They also made up four of the five metro areas with the highest increases from 2018.

An official with ATTOM explains why these foreclosure numbers are important to the economic outlook for different parts of the country. He says, "Foreclosure starts is a good indication of markets to watch."

Of course, the only foreclosure that matters is your own. There are ways that foreclosure can be prevented. You might be able to get a loan modification. A short sale may be an option.

If those aren't possibilities, you may be able to get back on track with your mortgage by filing for bankruptcy. If you believe that foreclosure may be in your future and your goal is to save your home, it's best to seek help as soon as possible. An attorney experienced in debt relief can provide valuable guidance.

"Attorney Advertising Disclaimer: Under Federal Law, we have been designated a Debt Relief Agency and we help people file for bankruptcy relief under the Bankruptcy Code. This information is not intended as legal advice and no attorney-client relationship is created. Results may vary. Results not guaranteed. Dramatization: Not actual clients in pictures and videos. -- Thomas C. McBride, attorney in Alexandria, LA."

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McBride Law Firm

McBride Law Firm
301 Jackson Street Suite 101
Alexandria, LA 71301

Phone: 318-625-0471
Phone: 318-625-0471
Fax: 318-445-8066
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