Economy

Foreclosures are hard on innocent renters

GULFPORT — Life was humming along for Seabee Aaron Paro and his family until the June day his fiance, Melissa Null, received a call at work.

She was told the bank had foreclosed on their rental home, the new owners intended to sell it and her family needed to find a new place to live.

“We don’t have $1,000 in the bank to just move at the drop of a dime,” Null said.

Mississippi’s foreclosure rate is low, especially in comparison to states such as Florida and California. But a company that tracks foreclosures for the industry, RealtyTrac, shows that in June those rates were high in some pockets of the state. Most notably, economically depressed counties in north Mississippi, Hinds and its neighboring counties of Rankin and Madison in central Mississippi, and Harrison County on the Coast were labeled as having high foreclosure rates.

Statewide, one in every 663,564 housing units went into foreclosure in June, according to RealtyTrac. In Harrison County, the rate was one in 9,943 units. Gulfport had the highest rate in the county, with foreclosures filed on one in every 946 units.

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