Alabama Foreclosure Update

by Elizabeth Cooper-Golden

in Huntsville Real Estate News

If you live in Alabama or Mississippi you may be wondering, “What’s up with all this foreclosure news” and rightly so as both states not only have a low foreclosure rate for the Southeast Region of the United States but are in the top ten states in the country with the lowest current foreclosure rate. However, some of the surrounding states in the Southeast are not fairing as well as the following chart illustrates:

Se-Rank   State      #Foreclosures      1 every 1000

1       Florida           45,884            186

2       Georgia           10,061            385

3       Tennessee          4,565            587

4       North Carolina     4,303            936

5       Arkansas           1,068          1,193

6       South Carolina     1,333          1,482

7       Louisiana          1,017          1,799

8       Alabama              863          2,445

9       Mississippi          190          6,534

stats via RealtyTrac

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The data relating to Huntsville AL Real Estate on this Web site derive in part from the Valley MLS IDX datashare program. © 2016 Valley MLS, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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