Real Estate

Georgia ranks 7th in foreclosures

From the AJC:

New figures released Wednesday put Georgia seventh nationally in the number of home foreclosures in April.

The report from Irvine, Calif.-based RealtyTrac Inc. said 11,521 homes in Georgia received foreclosure notices in April, an increase of 21.68 percent over April 2008. The numbers bring Georgia’s 2009 total to 44,979.

Fulton County led the way in April foreclosures with 1,846, followed by Gwinnett with 1,417, DeKalb with 1,081, Cobb with 693, Clayton, 595 and Henry, 534.

Nationwide, the number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year, with Nevada, Florida and California showing the highest rates, according to RealtyTrac.

More than 342,000 households received at least one foreclosure-related notice in April, RealtyTrac said. That means one in every 374 U.S. housing units received a foreclosure filing last month, the highest monthly rate since the RealtyTrac began its report in January 2005.

The foreclosure crisis is far from over in Metro Atlanta.

Lucky Number Seven, originally uploaded by Nele en Jan.

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