Foreclosures, Real Estate

Georgia ranks 7th in foreclosures

From the Atlanta Business Chronicle:

For the third straight month, Georgia had the seventh-highest foreclosure rate in America, according to RealtyTrac’s July 2009 U.S. Foreclosure Market Report released on Thursday.

The report said Georgia had 11,136 foreclosure filings — default notices, auction sale notices and bank repossessions — in July. This was up 10.7 percent from July 2008, but down 20.6 percent from June 2009 (when it also ranked seventh). One in every 356 households in Georgia was served a foreclosure notice in July.

That the foreclosure rate is down over 20 percent from last month is certainly encouraging news indeed.

7, originally uploaded by billpan45.

speak up

Add your comment below, or trackback from your own site.

Subscribe to these comments.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

You must be logged in to post a comment.