GEORGIA FORECLOSURE ACTIVITY DOWN 21 PERCENT IN NOVEMBER

ACCORDING TO REALTYTRAC® U.S. FORECLOSURE MARKET REPORT

 

Activity Level Up 27 Percent From November 2006; Foreclosure Rate Ranks No. 7

 

IRVINE, Calif. – Dec. 19, 2007 – Georgia reported 8,968 foreclosure filings in November, the sixth highest foreclosure total in the nation and a 21 percent decrease from October, according to the latest RealtyTrac® U.S. Foreclosure Market Report. The state’s foreclosure rate of one foreclosure filing for every 421 households was 1.5 times the national average and ranked it seventh 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 deceased significantly in November,” said James J. Saccacio, chief executive officer of RealtyTrac. “It’s unclear whether the drop in foreclosure activity in November signals that the worst is over for foreclosures in Georgia or if it could be a seasonal dip.”

 

Although ranked sixth in the country for November, foreclosure activity in the Peach State lagged far behind national leader California by more than 31,000 foreclosure filings. Second ranked Florida totaled nearly 20,000 more foreclosure filings than Georgia, while third place Ohio tallied almost 7,300 more filings for the month. Fourth place Texas had approximately 2,600 more filings, while fifth place Michigan had roughly 2,500 more foreclosure filings than Georgia for the month. The remaining states in the nation’s top 10 for total foreclosure filings in October were Illinois, Nevada, Colorado and New York.

 

Fulton County leads state in foreclosure filings for November

Fulton County led the state in total foreclosure activity for November, reporting 1,936 foreclosure filings. DeKalb County tallied the second highest foreclosure total, reporting 1,176 foreclosure filings. Third highest foreclosure total was reported by Gwinnett County, with 932 foreclosure filings. Total foreclosure filings in the top three counties accounted for 45 percent of all filings entering some stage of the foreclosure pipeline in the state for the month.

 

Rockdale County posts state’s highest foreclosure rate

Rockdale County led the state with the highest foreclosure rate for November, one foreclosure filing for every 127 households. Clayton County came in second with a rate of one foreclosure filing for every 145 households. Third highest rate was posted by Henry County, with one foreclosure filing for every 160 households. Fourth highest rate was reported in Douglas County, one foreclosure filing for every 190 households, and Fulton County rounded out the state’s top five with a rate of one foreclosure filing for every 209 households.

 

State a minor contributor to national total

Total foreclosure filings in Georgia accounted for nearly 4 percent of the 201,950 foreclosure filings reported nationwide in November. The national total represented a 10 percent decrease from the previous month, but was still 68 percent above the total reported for November 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 617 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 – November 2007

 

County

NOD

NTS

NFS

LIS

REO

Total Filings

Households per Filing

/National Average

/State Average

 

 

 

United States

35,096

51,696

20,269

48,451

46,438

201,950

617

n/a

n/a

Georgia

28

6,846

0

0

2,094

8,968

421

1.46

n/a

 

 

 

 

 

 

 

 

 

Appling

0

2

0

0

0

2

4,001

0.15

0.11

Atkinson

0

0

0

0

0

0

n/a 

0.00

0.00

Bacon

0

1

0

0

0

1

4,530

0.14

0.09

Baker

0

0

0

0

0

0

n/a 

0.00

0.00

Baldwin

0

0

0

0

0

0

n/a 

0.00

0.00

Banks

0

7

0

0

2

9

720

0.86

0.58

Barrow

0

51

0

0

16

67

345

1.79

1.22

Bartow

0

65

0

0

11

76

462

1.34

0.91

Ben Hill

0

3

0

0

1

4

1,968

0.31

0.21

Berrien

0

2

0

0

0

2

3,704

0.17

0.11

Bibb

0

182

0

0

70

252

280

2.20

1.50

Bleckley

0

0

0

0

0

0

n/a 

0.00

0.00

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

5

0

0

0

5

2,149

0.29

0.20

Bulloch

0

8

0

0

0

8

3,198

0.19

0.13

Burke

0

5

0

0

0

5

1,836

0.34

0.23

Butts

0

0

0

0

1

1

8,821

0.07

0.05

Calhoun

0

0

0

0

0

0

n/a 

0.00

0.00

Camden

0

17

0

0

0

17

1,153

0.53

0.36

Candler

0

0

0

0

0

0

n/a 

0.00

0.00

Carroll

1

77

0

0

45

123

349

1.76

1.20

Catoosa

0

36

0

0

11

47

526

1.17

0.80

Charlton

0

1

0

0

0

1

3,992

0.15

0.11

Chatham

0

101

0

0

37

138

782

0.79

0.54

Chattahoochee

0

2

0

0

0

2

1,668

0.37

0.25

Chattooga

0

8

0

0

0

8

1,360

0.45

0.31

Cherokee

2

145

0

0

36

183

390

1.58

1.08

Clarke

1

46

0

0

1

48

1,004

0.61

0.42

Clay

0

0

0

0

0

0

n/a 

0.00

0.00

Clayton

1

520

0

0

184

705

145

4.26

2.91

Clinch

0

0

0

0

0

0

n/a 

0.00

0.00

Cobb

2

536

0

0

91

629

426

1.45

0.99

Coffee

0

0

0

0

0

0

n/a 

0.00

0.00

Colquitt

0

7

0

0

0

7

2,571

0.24

0.16

Columbia

0

31

0

0

18

49

815

0.76

0.52

Cook

0

0

0

0

1

1

6,795

0.09

0.06

Coweta

0

83

0

0

25

108

391

1.58

1.07

Crawford

0

3

0

0

0

3

1,848

0.33

0.23

Crisp

0

10

0

0

0

10

997

0.62

0.42

Dade

0

3

0

0

0

3

2,132

0.29

0.20

Dawson

0

5

0

0

4

9

1,009

0.61

0.42

Decatur

0

10

0

0

0

10

1,325

0.47

0.32

Dekalb

6

979

0

0

191

1,176

251

2.46

1.68

Dodge

0

5

0

0

0

5

1,682

0.37

0.25

Dooly

0

4

0

0

1

5

912

0.68

0.46

Dougherty

1

1

0

0

25

27

1,528

0.40

0.28

Douglas

0

190

0

0

45

235

190

3.24

2.21

Early

0

1

0

0

0

1

5,451

0.11

0.08

Echols

0

0

0

0

0

0

n/a 

0.00

0.00

Effingham

3

0

0

0

10

13

1,316

0.47

0.32

Elbert

0

10

0

0

0

10

929

0.66

0.45

Emanuel

0

0

0

0

0

0

n/a 

0.00

0.00

Evans

0

2

0

0

0

2

2,269

0.27

0.19

Fannin

0

6

0

0

0

6

2,641

0.23

0.16

Fayette

1

76

0

0

15

92

407

1.51

1.03

Floyd

0

35

0

0

0

35

1,115

0.55

0.38

Forsyth

0

85

0

0

12

97

531

1.16

0.79

Franklin

0

8

0

0

1

9

1,060

0.58

0.40

Fulton

2

1,408

0

0

526

1,936

209

2.95

2.01

Gilmer

0

12

0

0

4

16

943

0.65

0.45

Glascock

0

1

0

0

0

1

1,219

0.51

0.34

Glynn

0

18

0

0

0

18

2,018

0.31

0.21

Gordon

0

16

0

0

10

26

766

0.81

0.55

Grady

0

7

0

0

0

7

1,477

0.42

0.28

Greene

0

0

0

0

0

0

n/a 

0.00

0.00

Gwinnett

3

726

0

0

203

932

285

2.16

1.48

Habersham

0

8

0

0

6

14

1,197

0.52

0.35

Hall

0

103

0

0

22

125

472

1.31

0.89

Hancock

0

0

0

0

0

0

n/a 

0.00

0.00

Haralson

0

1

0

0

4

5

2,325

0.27

0.18

Harris

0

0

0

0

1

1

12,142

0.05

0.03

Hart

0

19

0

0

0

19

612

1.01

0.69

Heard

0

1

0

0

0

1

4,815

0.13

0.09

Henry

2

308

0

0

94

404

160

3.86

2.63

Houston

0

36

0

0

0

36

1,473

0.42

0.29

Irwin

0

3

0

0

0

3

1,402

0.44

0.30

Jackson

0

21

0

0

15

36

585

1.05

0.72

Jasper

0

5

0

0

8

13

443

1.39

0.95

Jeff Davis

0

3

0

0

0

3

1,891

0.33

0.22

Jefferson

0

1

0

0

0

1

7,369

0.08

0.06

Jenkins

0

2

0

0

0

2

1,966

0.31

0.21

Johnson

0

0

0

0

0

0

n/a 

0.00

0.00

Jones

0

0

0

0

0

0

n/a 

0.00

0.00

Lamar

0

4

0

0

0

4

1,729

0.36

0.24

Lanier

0

0

0

0

0

0

n/a 

0.00

0.00

Laurens

0

0

0

0

0

0

n/a 

0.00

0.00

Lee

0

8

0

0

0

8

1,350

0.46

0.31

Liberty

0

13

0

0

0

13

1,817

0.34

0.23

Lincoln

0

0

0

0

0

0

n/a 

0.00

0.00

Long

0

0

0

0

0

0

n/a 

0.00

0.00

Lowndes

0

24

0

0

1

25

1,639

0.38

0.26

Lumpkin

0

10

0

0

5

15

677

0.91

0.62

Macon

0

3

0

0

0

3

1,870

0.33

0.22

Madison

0

14

0

0

0

14

809

0.76

0.52

Marion

0

1

0

0

0

1

3,210

0.19

0.13

Mcduffie

0

8

0

0

2

10

925

0.67

0.45

McIntosh

0

0

0

0

0

0

n/a 

0.00

0.00

Meriwether

0

1

0

0

0

1

10,156

0.06

0.04

Miller

0

1

0

0

0

1

2,811

0.22

0.15

Mitchell

0

0

0

0

0

0

n/a 

0.00

0.00

Monroe

0

0

0

0

0

0

n/a 

0.00

0.00

Montgomery

0

0

0

0

0

0

n/a 

0.00

0.00

Morgan

0

10

0

0

0

10

709

0.87

0.59

Murray

0

0

0

0

0

0

n/a 

0.00

0.00

Muscogee

1

91

0

0

26

118

687

0.90

0.61

Newton

0

2

0

0

55

57

585

1.05

0.72

Oconee

0

1

0

0

0

1

11,481

0.05

0.04

Oglethorpe

0

0

0

0

0

0

n/a 

0.00

0.00

Paulding

0

81

0

0

45

126

347

1.78

1.21

Peach

0

1

0

0

0

1

9,962

0.06

0.04

Pickens

1

9

0

0

3

13

1,006

0.61

0.42

Pierce

0

4

0

0

0

4

1,799

0.34

0.23

Pike

0

7

0

0

0

7

890

0.69

0.47

Polk

0

23

0

0

14

37

447

1.38

0.94

Pulaski

0

0

0

0

0

0

n/a 

0.00

0.00

Putnam

0

9

0

0

0

9

1,290

0.48

0.33

Quitman

0

0

0

0

0

0

n/a 

0.00

0.00

Rabun

0

4

0

0

1

5

2,387

0.26

0.18

Randolph

0

0

0

0

0

0

n/a 

0.00

0.00

Richmond

0

127

0

0

35

162

529

1.16

0.79

Rockdale

1

124

0

0

106

231

127

4.87

3.32

Schley

0

1

0

0

0

1

1,648

0.37

0.26

Screven

0

0

0

0

0

0

n/a 

0.00

0.00

Seminole

0

0

0

0

0

0

n/a 

0.00

0.00

Spalding

0

46

0

0

25

71

358

1.72

1.18

Stephens

0

5

0

0

3

8

1,521

0.41

0.28

Stewart

0

0

0

0

0

0

n/a 

0.00

0.00

Sumter

0

9

0

0

0

9

1,574

0.39

0.27

Talbot

0

0

0

0

0

0

n/a 

0.00

0.00

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

0

0

0

0

0

n/a 

0.00

0.00

Telfair

0

1

0

0

0

1

5,150

0.12

0.08

Terrell

0

1

0

0

0

1

4,635

0.13

0.09

Thomas

0

9

0

0

0

9

2,149

0.29

0.20

Tift

0

12

0

0

0

12

1,338

0.46

0.31

Toombs

0

1

0

0

0

1

11,742

0.05

0.04

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

21

0

0

0

21

1,247

0.49

0.34

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

8

0

0

0

8

1,549

0.40

0.27

Upson

0

9

0

0

0

9

1,352

0.46

0.31

Walker

0

32

0

0

0

32

865

0.71

0.49

Walton

0

8

0

0

22

30

968

0.64

0.43

Ware

0

15

0

0

1

16

1,018

0.61

0.41

Warren

0

0

0

0

0

0

n/a 

0.00

0.00

Washington

0

0

0

0

0

0

n/a 

0.00

0.00

Wayne

0

4

0

0

0

4

2,763

0.22

0.15

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

7

0

0

2

9

1,248

0.49

0.34

Whitfield

0

1

0

0

1

2

17,024

0.04

0.02

Wilcox

0

0

0

0

0

0

n/a 

0.00

0.00

Wilkes

0

2

0

0

0

2

2,571

0.24

0.16

Wilkinson

0

0

0

0

0

0

n/a 

0.00

0.00

Worth

0

1

0

0

0

1

9,362

0.07

0.04

 

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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