Lafayette is one of four metro areas in the state to experience a jump in foreclosures during the third quarter. Lafayette recorded 290 actions, affecting one of every 388 properties. The area ranked 162nd overall and saw its rate rise 8.2 percent from the second quarter and 34.3 percent from the third quarter of 2009, the Associated Press reported.
The AP story is based on figures from the national tracking firm RealtyTrac and include foreclosure related actions ranging from an initial notice of default to lender repossession.
The New Orleans metro was highest in the state, recording 2,810 foreclosure-related actions, affecting one of every 159 properties and ranking the area 82nd in the RealtyTrac count. That rate was up 12.1 percent from the second quarter of 2010 and 56.4 percent from the third quarter of 2009. Baton Rouge recorded 1,109 actions that affected one in 295 properties, ranking 146th. The latest rate was up 7.8 percent from the second quarter and 29.7 percent from the third quarter of 2009. Houma-Thibodaux had 121 third-quarter actions, affecting one in every 682 properties. The area was ranked 189th. The latest rate was up 8 percent from the second quarter and 18.6 percent from the third quarter of 2009.
The only metro down was Shreveport-Bossier City, which fell 3.6 percent from the second quarter and 13.1 percent from the third, recording 433 actions, affecting one of every 402 properties and ranking the area 166th. RealtyTrac did not release foreclosure data on Lake Charles, Monroe or Alexandria.
Cities in California, Florida, Nevada and Arizona had the highest rates. Read more here.
Frank’s Casing Crew, now doing business as Frank’s International, will make its final appearance on ABiz’s list of the Top 50 Privately Held Companies in Acadiana this year, and once again it will likely be at the top with more than $1 billion in annual revenues. The 75-year-old company specializing in tubular fabrication and installation services to the oil and gas industry plans to offer shares of its stock to the public for the first time.
The defeat, or rather highjacking of House Bill 420 in the final days of this year's Legislative Session, say Reps. Vincent Pierre and Terry Landry, is the result of the propaganda spread by one unidentified local media outlet and an unnamed former state Representative, but nothing to do with the original legislation's lack of checks, balances or details.
He’s a singer. A songwriter. A piano man. A family man. He’s even got his own Wikipedia entry. He’s David Egan. And he knows ancient secrets about the monolithic stones of Stonehenge that he’s not willing to share.