GEORGIA FORECLOSURE ACTIVITY DOWN 16 PERCENT IN SEPTEMBER

Activity Up 59 Percent From September 2006; Rate in Nation’s Top 10

 

IRVINE, Calif. – Oct. 26, 2007 – Georgia reported 8,238 foreclosure filings in September, the seventh highest total in the nation. Although foreclosure activity declined 16 percent from the previous month, it was still up 59 percent from September 2006, according to the latest RealtyTrac® U.S. Foreclosure Market Report. The state’s foreclosure rate of one foreclosure filing for every 458 households — 1.2 times the national average — ranked eighth highest among the 50 states.

 

RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1 million properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.

 

“Foreclosure activity in Georgia backed off a bit in September, but is still up significantly from a year ago,” said James J. Saccacio, chief executive officer of RealtyTrac. “Although a one month decline does not establish a trend, unemployment is below the national average and home prices are appreciating, which bodes well for the state. If this continues we may see foreclosures decline more in the not too distant future, but it is too early to tell.

 

Bulk of state’s foreclosure total found in five counties for September

Five Georgia counties accounted for 59 percent of all activity in the state for September. Fulton County reported the state’s highest total with 1,788 foreclosure filings for the month. Second highest total was reported in Dekalb County with 1,186 foreclosure filings. Gwinnett County reported 776 foreclosure filings, the third highest total in the state. Cobb County had the fourth highest total with 546 foreclosure filings, followed by fifth place Clayton County with 528 filings entering some stage of the foreclosure pipeline.

 

Rockdale County posts highest foreclosure rate in the state

With one foreclosure filing for every 183 households — 1.7 times the state average and more than three times the national average — Rockdale County posted the highest foreclosure rate in Georgia for September. Clayton County posted the second highest rate, one foreclosure filing for every 193 households — 1.6 times the state average and 2.9 times the national average. Third highest rate for the month was tallied in Henry County, one foreclosure filing for every 204 households — 1.6 times the state average and 2.8 times the national average. Douglas County came in fourth with a rate of one foreclosure filing for every 205 households, and Fulton County posted the fifth highest rate in the state, one foreclosure filing for every 227 households.

 

State a significant contributor to nation’s monthly total

Total filings in Georgia accounted for 3.7 percent of the 219,850 foreclosure filings reported nationwide in September. The national total represents an 8 percent decrease from the previous month, but is still 96 percent above the total reported for September 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 566 U.S. households for the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank).

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

 

                 Georgia Foreclosure Market by County – September 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

47,234

59,669

21,925

51,172

39,850

219,850

566

n/a

n/a

Georgia

16

6,744

0

0

1,478

8,238

458

1.24

n/a

 

 

 

 

 

 

 

 

 

 

Appling

0

6

0

0

0

6

         1,334

0.42

0.24

Atkinson

0

0

0

0

0

0

n/a

0.00

0.00

Bacon

0

0

0

0

1

1

         4,530

0.13

0.07

Baker

0

0

0

0

0

0

 n/a

0.00

0.00

Baldwin

0

13

0

0

0

13

         1,410

0.40

0.22

Banks

0

10

0

0

2

12

            540

1.05

0.59

Barrow

0

67

0

0

20

87

            266

2.13

1.19

Bartow

0

53

0

0

13

66

            531

1.07

0.60

Ben Hill

0

7

0

0

4

11

            715

0.79

0.44

Berrien

0

5

0

0

0

5

         1,481

0.38

0.21

Bibb

0

135

0

0

48

183

            386

1.47

0.82

Bleckley

1

0

0

0

0

1

         5,072

0.11

0.06

Brantley

0

0

0

0

0

0

 n/a

0.00

0.00

Brooks

0

0

0

0

0

0

 n/a

0.00

0.00

Bryan

0

3

0

0

0

3

         3,581

0.16

0.09

Bulloch

0

11

0

0

0

11

         2,325

0.24

0.14

Burke

0

10

0

0

0

10

            918

0.62

0.34

Butts

0

5

0

0

0

5

         1,764

0.32

0.18

Calhoun

0

0

0

0

0

 n/a

0.00

0.00

Camden

0

17

0

0

0

17

         1,153

0.49

0.27

Candler

0

0

0

0

1

1

         3,960

0.14

0.08

Carroll

0

135

0

0

46

181

            237

2.39

1.33

Catoosa

0

31

0

0

8

39

            634

0.89

0.50

Charlton

0

1

0

0

0

1

         3,992

0.14

0.08

Chatham

0

110

0

0

19

129

            837

0.68

0.38

Chattahoochee

0

1

0

0

0

1

         3,336

0.17

0.09

Chattooga

0

9

0

0

0

9

         1,209

0.47

0.26

Cherokee

1

146

0

0

27

174

            410

1.38

0.77

Clarke

1

33

0

0

1

35

         1,377

0.41

0.23

Clay

0

0

0

0

0

0

 n/a

0.00

0.00

Clayton

0

441

0

0

87

528

            193

2.93

1.64

Clinch

0

1

0

0

0

1

         2,895

0.20

0.11

Cobb

2

483

0

0

61

546

            491

1.15

0.64

Coffee

0

0

0

0

0

0

 n/a

0.00

0.00

Colquitt

0

12

0

0

 

12

         1,500

0.38

0.21

Columbia

1

48

0

0

8

57

            700

0.81

0.45

Cook

0

0

0

0

0

0

 n/a

0.00

0.00

Coweta

1

83

0

0

20

104

            407

1.39

0.78

Crawford

0

3

0

0

0

3

         1,848

0.31

0.17

Crisp

0

3

0

0

0

3

         3,322

0.17

0.10

Dade

0

5

0

0

0

5

         1,279

0.44

0.25

Dawson

0

7

0

0

0

7

         1,297

0.44

0.24

Decatur

0

4

0

0

0

4

         3,314

0.17

0.10

Dekalb

3

964

0

0

219

1,186

            249

2.28

1.27

Dodge

0

0

0

0

0

0

 n/a

0.00

0.00

Dooly

0

0

0

0

0

0

 n/a

0.00

0.00

Dougherty

0

34

0

0

7

41

         1,007

0.56

0.31

Douglas

0

186

0

0

32

218

            205

2.76

1.54

Early

0

0

0

0

1

1

         5,451

0.10

0.06

Echols

0

0

0

0

 

0

 n/a

0.00

0.00

Effingham

0

0

0

0

5

5

         3,422

0.17

0.09

Elbert

0

3

0

0

0

3

         3,097

0.18

0.10

Emanuel

0

5

0

0

0

5

         1,920

0.30

0.16

Evans

0

 

0

0

0

0

 n/a

0.00

0.00

Fannin

0

5

0

0

0

5

         3,170

0.18

0.10

Fayette

0

77

0

0

6

83

            452

1.25

0.70

Floyd

0

45

0

0

1

46

            848

0.67

0.37

Forsyth

1

49

0

0

4

54

            954

0.59

0.33

Franklin

0

8

0

0

3

11

            868

0.65

0.36

Fulton

2

1,448

0

0

338

1,788

            227

2.50

1.40

Gilmer

0

9

0

0

 

9

         1,676

0.34

0.19

Glascock

0

0

0

0

0

0

 n/a

0.00

0.00

Glynn

0

21

0

0

0

21

         1,730

0.33

0.18

Gordon

0

19

0

0

3

22

            905

0.63

0.35

Grady

0

0

0

0

0

0

 n/a

0.00

0.00

Greene

0

0

0

0

0

0

 n/a

0.00

0.00

Gwinnett

0

644

0

0

132

776

            342

1.66

0.92

Habersham

0

18

0

0

5

23

            728

0.78

0.43

Hall

0

91

0

0

12

103

            573

0.99

0.55

Hancock

0

1

0

0

0

1

         4,565

0.12

0.07

Haralson

0

3

0

0

5

8

         1,453

0.39

0.22

Harris

0

0

0

0

0

0

 n/a

0.00

0.00

Hart

0

4

0

0

0

4

         2,909

0.19

0.11

Heard

0

0

0

0

0

0

 n/a

0.00

0.00

Henry

1

279

0

0

36

316

            204

2.77

1.55

Houston

0

45

0

0

0

45

         1,178

0.48

0.27

Irwin

0

0

0

0

0

0

 n/a

0.00

0.00

Jackson

0

52

0

0

9

61

            345

1.64

0.92

Jasper

0

7

0

0

1

8

            720

0.79

0.44

Jeff Davis

0

1

0

0

0

1

         5,672

0.10

0.06

Jefferson

0

 

0

0

0

0

 n/a

0.00

0.00

Jenkins

0

3

0

0

1

4

            983

0.58

0.32

Johnson

0

1

0

0

0

1

         3,678

0.15

0.09

Jones

0

8

0

0

0

8

         1,333

0.43

0.24

Lamar

0

1

0

0

0

1

         6,914

0.08

0.05

Lanier

0

1

0

0

0

1

         3,219

0.18

0.10

Laurens

0

1

0

0

0

1

       20,177

0.03

0.02

Lee

0

8

0

0

0

8

         1,350

0.42

0.23

Liberty

0

9

0

0

0

9

         2,625

0.22

0.12

Lincoln

0

3

0

0

0

3

         1,573

0.36

0.20

Long

0

0

0

0

0

 n/a

0.00

0.00

Lowndes

0

27

0

0

0

27

         1,518

0.37

0.21

Lumpkin

0

9

0

0

1

10

         1,016

0.56

0.31

Macon

0

2

0

0

0

2

         2,806

0.20

0.11

Madison

0

12

0

0

0

12

            944

0.60

0.33

Marion

0

1

0

0

0

1

         3,210

0.18

0.10

Mcduffie

0

10

0

0

1

11

            841

0.67

0.38

McIntosh

0

0

0

0

 0

0

 n/a

0.00

0.00

Meriwether

0

1

0

0

0

1

       10,156

0.06

0.03

Miller

0

0

0

0

0

0

 n/a

0.00

0.00

Mitchell

0

0

0

0

1

1

         9,246

0.06

0.03

Monroe

0

0

0

0

0

0

 n/a

0.00

0.00

Montgomery

0

1

0

0

0

1

         3,749

0.15

0.08

Morgan

0

0

0

0

0

0

 n/a

0.00

0.00

Murray

0

3

0

0

0

3

         5,161

0.11

0.06

Muscogee

0

83

0

0

23

106

            764

0.74

0.41

Newton

0

9

0

0

97

106

            315

1.80

1.00

Oconee

0

1

0

0

0

1

       11,481

0.05

0.03

Oglethorpe

0

0

0

0

0

 n/a

0.00

0.00

Paulding

0

106

0

0

17

123

            356

1.59

0.89

Peach

0

3

0

0

0

3

         3,321

0.17

0.10

Pickens

0

15

0

0

7

22

            594

0.95

0.53

Pierce

0

7

0

0

0

7

         1,028

0.55

0.31

Pike

0

10

0

0

0

10

            623

0.91

0.51

Polk

0

25

0

0

17

42

            394

1.44

0.80

Pulaski

0

0

0

0

0

0

 n/a

0.00

0.00

Putnam

0

1

0

0

0

1

       11,611

0.05

0.03

Quitman

0

0

0

0

0

0

 n/a

0.00

0.00

Rabun

0

3

0

0

0

3

         3,979

0.14

0.08

Randolph

0

0

0

0

0

 n/a

0.00

0.00

Richmond

0

118

0

0

25

143

            600

0.94

0.53

Rockdale

0

125

0

0

35

160

            183

3.10

1.73

Schley

0

0

0

0

0

 n/a

0.00

0.00

Screven

0

1

0

0

1

2

         3,541

0.16

0.09

Seminole

0

0

0

0

0

0

 n/a

0.00

0.00

Spalding

1

54

0

0

8

63

            403

1.40

0.78

Stephens

0

13

0

0

1

14

            869

0.65

0.36

Stewart

0

0

0

0

0

0

 n/a

0.00

0.00

Sumter

0

11

0

0

0

11

         1,288

0.44

0.25

Talbot

0

1

0

0

0

1

         3,053

0.19

0.10

Taliaferro

0

0

0

0

0

0

 n/a

0.00

0.00

Tattnall

0

0

0

0

0

0

 n/a

0.00

0.00

Taylor

0

2

0

0

0

2

         2,059

0.28

0.15

Telfair

0

1

0

0

0

1

         5,150

0.11

0.06

Terrell

0

0

0

0

0

0

 n/a

0.00

0.00

Thomas

0

0

0

0

0

0

 n/a

0.00

0.00

Tift

0

3

0

0

0

3

         5,352

0.11

0.06

Toombs

0

0

0

0

0

0

 n/a

0.00

0.00

Towns

0

0

0

0

0

0

 n/a

0.00

0.00

Treutlen

0

0

0

0

0

0

 n/a

0.00

0.00

Troup

0

2

0

0

1

3

         8,727

0.06

0.04

Turner

0

0

0

0

0

0

 n/a

0.00

0.00

Twiggs

0

0

0

0

0

0

 n/a

0.00

0.00

Union

0

 0

0

0

0

0

 n/a

0.00

0.00

Upson

0

1

0

0

 

1

       12,165

0.05

0.03

Walker

0

33

0

0

2

35

            790

0.72

0.40

Walton

1

52

0

0

47

100

            291

1.95

1.09

Ware

0

10

0

0

0

10

         1,629

0.35

0.19

Warren

0

0

0

0

1

1

         2,804

0.20

0.11

Washington

0

0

0

0

0

0

 n/a

0.00

0.00

Wayne

0

5

0

0

0

5

         2,210

0.26

0.14

Webster

0

0

0

0

0

0

 n/a

0.00

0.00

Wheeler

0

0

0

0

0

0

 n/a

0.00

0.00

White

0

17

0

0

6

23

            488

1.16

0.65

Whitfield

0

9

0

0

1

10

         3,405

0.17

0.09

Wilcox

0

0

0

0

0

0

 n/a

0.00

0.00

Wilkes

0

4

0

0

0

4

         1,285

0.44

0.25

Wilkinson

0

2

0

0

0

2

         2,275

0.25

0.14

Worth

0

0

0

0

0

0

 n/a

0.00

0.00

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest growing private companies, RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.

 

Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new homes, with more than 1.3 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and the Wall Street Journal’s Real Estate Journal. For more information, visit (www.realtytrac.com).

 

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

 

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