Foreclosure Activity in Georgia is up in the 3rd Quarter of this year according to RealtyTrac®. Filings, which includes default notices, scheduled auctions and bank repossessions were reported on 33,637 properties. This is a 21% increase from the 2nd Quarter of 2011. It isn’t all bad news however. Georgia Foreclosures filings are still down 18% below the same level reported in the 3rd Quarter of 2010. The state of Georgia is still among the highest Foreclosure Rate in the Nation, coming in at #4. A staggering 1 out of every 121 Georgia Homeowners is facing a Foreclosure Filing during the quarter.
Newton was the highest County in Georgia with Foreclosure Filings, followed by Walton County and then Barrow County.
The rest of the nation’s top 10 state foreclosure totals for the third quarter of the year included Arizona (29,701), Texas (27,860), Nevada (25,900), Ohio (24,166) and Colorado (12,918). The top five states accounted for 52 percent of the nation’s total quarterly foreclosure activity.
If you are facing Foreclosure here in the North Georgia Mountains, please Contact Us to see if you have options. We are eager to help and to earn your Real Estate business here in the Mountains of Georgia.
- Foreclosures Sink To 4-Year Low (thefrontporchview.com)
- For The 9th Straight Month, Foreclosure Filings Fall (thefrontporchview.com)