Georgia Foreclosure Activity Trends Downward in May

Total foreclosure filings statewide down from a year ago.

State’s foreclosure rate No. 7 in the nation.

 

Foreclosure activity fell in Georgia during May to 10,516 properties with foreclosure filings, a 9 percent decline from the previous month, and 1 percent below the level reported in May 2008, according to RealtyTrac’s® latest U.S. Foreclosure Market Report.  One in every 377 Georgia housing units received a foreclosure filing in May, the seventh highest state foreclosure rate in the nation for the month.

 

“Although Georgia’s foreclosure level made some downward movement in May, it continues to maintain its place in the top 10 nationally, currently ranking eighth highest activity level overall,” said James J. Saccacio, chief executive officer of RealtyTrac. “Over the past year the state has lost nearly 200,000 jobs, pushing its unemployment rate above the national average. This is one of many factors causing the state’s current foreclosure dilemma.”

 

Five counties responsible for bulk of state’s foreclosure activity in May

Five counties accounted for 50 percent of the state’s foreclosure activity in May. Fulton County led the way, reporting 1,420 properties with foreclosure filings for the month. Second highest total was in Dekalb County, where 1,276 properties with foreclosure filings were reported. Gwinnett County had the third highest total, reporting 1,199 properties with foreclosure filings, followed by Cobb County, where 830 properties with foreclosure filings were tallied. Fifth highest total was in Clayton County, where 570 properties with foreclosure filings were reported.

 

Newton County posts state’s highest foreclosure rate for May

With one in every 141 housing units receiving a foreclosure filing during the month, Newton County posted the highest county foreclosure rate in the state. Douglas County had the second highest rate, with one in every 148 housing units receiving a foreclosure filing. Third highest rate was found in Walton County, where one in every 151 housing units received a foreclosure filing during the month.

 

State a significant contributor to nation’s foreclosure activity for May

Foreclosure activity in Georgia represented 3 percent of the 321,480 properties with foreclosure filings reported nationwide in May. Total U.S. activity fell 6 percent from the previous month but was still nearly 18 percent ahead of May 2008. One in every 398 U.S. housing units received a foreclosure filing during the month.

 

Report methodology

The RealtyTrac Monthly U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the month — broken out by type of filing at the county, state and national level. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default Notice of Default (NOD) and Lis Pendens (LIS); Auction 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). If more than one foreclosure document is filed against a property during the month — which is extremely rare — only the most recent filing is counted in the report. The report also checks if the same type of document was filed against a property in a previous month. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state the property is in, the report does not count the property in the current month.

 

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

 

             Georgia Foreclosure Market Data by County – May 2009

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Apr 09

% Chg May 08

 

 

 

 

 

 

 

 

 

 

United States

55,442

67,687

100,578

32,756

65,017

321,480

398

– 6.01

17.76

Georgia

1

0

6,883

0

3,632

10,516

377

-8.72

-1.27

 

 

 

 

 

 

 

 

 

 

Appling

0

0

4

0

2

6

1,329

 n/a

200.00

Atkinson

0

0

1

0

0

1

3,213

0.00

 n/a

Bacon

0

0

1

0

0

1

4,507

-75.00

 n/a

Baker

0

0

0

0

0

0

 n/a

 n/a

 n/a

Baldwin

0

0

13

0

9

22

869

4.76

120.00

Banks

0

0

10

0

2

12

564

-33.33

71.43

Barrow

0

0

103

0

46

149

171

-16.29

104.11

Bartow

0

0

91

0

41

132

280

10.00

43.48

Ben Hill

0

0

4

0

3

7

1,134

-58.82

16.67

Berrien

0

0

5

0

1

6

1,255

100.00

 n/a

Bibb

0

0

124

0

70

194

369

-18.83

7.78

Bleckley

0

0

0

0

1

1

5,132

0.00

 n/a

Brantley

0

0

1

0

0

1

6,608

0.00

 n/a

Brooks

0

0

4

0

2

6

1,224

 n/a

 n/a

Bryan

0

0

20

0

7

27

442

35.00

285.71

Bulloch

0

0

17

0

2

19

1,414

-32.14

 n/a

Burke

0

0

3

0

2

5

1,855

-28.57

-37.50

Butts

0

0

18

0

11

29

319

-34.09

2800.00

Calhoun

0

0

0

0

1

1

2,343

 n/a

 n/a

Camden

0

0

24

0

4

28

744

-41.67

115.38

Candler

0

0

1

0

0

1

3,961

0.00

 n/a

Carroll

1

0

141

0

50

192

236

-25.87

21.52

Catoosa

0

0

33

0

13

46

566

-13.21

58.62

Charlton

0

0

5

0

0

5

813

400.00

150.00

Chatham

0

0

94

0

45

139

815

-36.53

7.75

Chattahoochee

0

0

0

0

1

1

3,355

-50.00

 n/a

Chattooga

0

0

0

0

12

12

908

-58.62

100.00

Cherokee

0

0

204

0

111

315

251

0.96

47.89

Clarke

0

0

43

0

18

61

819

-4.69

79.41

Clay

0

0

0

0

0

0

 n/a

 n/a

 n/a

Clayton

0

0

343

0

227

570

186

-4.20

-16.91

Clinch

0

0

2

0

0

2

1,454

0.00

0.00

Cobb

0

0

556

0

274

830

335

19.77

33.01

Coffee

0

0

10

0

2

12

1,391

 n/a

-7.69

Colquitt

0

0

6

0

2

8

2,295

-20.00

14.29

Columbia

0

0

36

0

17

53

809

0.00

6.00

Cook

0

0

7

0

3

10

686

 n/a

 n/a

Coweta

0

0

83

0

39

122

377

-3.17

-6.87

Crawford

0

0

3

0

3

6

958

-57.14

100.00

Crisp

0

0

3

0

0

3

3,375

-80.00

-66.67

Dade

0

0

2

0

0

2

3,228

-80.00

100.00

Dawson

0

0

18

0

9

27

365

3.85

17.39

Decatur

0

0

0

0

1

1

13,631

-50.00

-50.00

Dekalb

0

0

737

0

539

1,276

240

18.04

-9.76

Dodge

0

0

3

0

2

5

1,694

150.00

400.00

Dooly

0

0

0

0

0

0

 n/a

-100.00

 n/a

Dougherty

0

0

28

0

11

39

1,067

-33.90

-22.00

Douglas

0

0

174

0

154

328

148

13.10

31.20

Early

0

0

1

0

1

2

2,744

 n/a

 n/a

Echols

0

0

0

0

0

0

 n/a

 n/a

 n/a

Effingham

0

0

10

0

6

16

1,179

-54.29

23.08

Elbert

0

0

1

0

1

2

4,733

-77.78

0.00

Emanuel

0

0

3

0

0

3

3,214

-62.50

-40.00

Evans

0

0

0

0

0

0

 n/a

-100.00

-100.00

Fannin

0

0

9

0

3

12

1,425

-40.00

33.33

Fayette

0

0

61

0

13

74

526

-19.57

-10.84

Floyd

0

0

39

0

18

57

700

-22.97

103.57

Forsyth

0

0

80

0

29

109

552

-16.15

-27.33

Franklin

0

0

11

0

3

14

682

-30.00

75.00

Fulton

0

0

1,036

0

384

1,420

304

-23.08

-46.03

Gilmer

0

0

17

0

5

22

743

4.76

-35.29

Glascock

0

0

0

0

0

0

 n/a

-100.00

 n/a

Glynn

0

0

46

0

9

55

694

120.00

19.57

Gordon

0

0

26

0

12

38

551

-29.63

18.75

Grady

0

0

3

0

1

4

2,633

33.33

33.33

Greene

0

0

9

0

0

9

901

-40.00

 n/a

Gwinnett

0

0

775

0

424

1,199

237

-15.38

0.59

Habersham

0

0

17

0

3

20

880

-33.33

33.33

Hall

0

0

131

0

57

188

334

-14.93

34.29

Hancock

0

0

0

0

0

0

 n/a

-100.00

 n/a

Haralson

0

0

19

0

6

25

481

-7.41

257.14

Harris

0

0

13

0

2

15

863

50.00

66.67

Hart

0

0

6

0

1

7

1,717

-30.00

-41.67

Heard

0

0

4

0

0

4

1,216

-50.00

300.00

Henry

0

0

275

0

147

422

169

-20.97

-11.53

Houston

0

0

50

0

24

74

765

-11.90

4.23

Irwin

0

0

2

0

0

2

2,096

100.00

-33.33

Jackson

0

0

73

0

34

107

220

-4.46

127.66

Jasper

0

0

8

0

2

10

611

0.00

0.00

Jeff Davis

0

0

0

0

0

0

 n/a

-100.00

-100.00

Jefferson

0

0

1

0

1

2

3,697

-60.00

100.00

Jenkins

0

0

1

0

1

2

1,979

100.00

-33.33

Johnson

0

0

0

0

0

0

 n/a

-100.00

 n/a

Jones

0

0

10

0

1

11

1,006

120.00

-67.65

Lamar

0

0

0

0

9

9

805

-30.77

350.00

Lanier

0

0

1

0

0

1

3,400

 n/a

 n/a

Laurens

0

0

10

0

3

13

1,550

-43.48

1200.00

Lee

0

0

6

0

3

9

1,300

-35.71

80.00

Liberty

0

0

20

0

8

28

861

27.27

100.00

Lincoln

0

0

1

0

0

1

4,776

-75.00

0.00

Long

0

0

2

0

0

2

2,160

100.00

 n/a

Lowndes

0

0

33

0

20

53

814

430.00

253.33

Lumpkin

0

0

12

0

8

20

555

42.86

100.00

Macon

0

0

1

0

0

1

5,647

-75.00

 n/a

Madison

0

0

18

0

4

22

532

4.76

120.00

Marion

0

0

0

0

1

1

3,195

-66.67

-50.00

Mcduffie

0

0

11

0

1

12

775

1100.00

9.09

Mcintosh

0

0

3

0

1

4

1,678

100.00

 n/a

Meriwether

0

0

6

0

3

9

1,152

-40.00

-86.76

Miller

0

0

2

0

0

2

1,402

100.00

 n/a

Mitchell

0

0

6

0

2

8

1,167

0.00

-77.14

Monroe

0

0

8

0

1

9

1,118

-18.18

-84.75

Montgomery

0

0

0

0

3

3

1,262

200.00

 n/a

Morgan

0

0

7

0

2

9

839

12.50

-10.00

Murray

0

0

25

0

5

30

534

-6.25

2900.00

Muscogee

0

0

24

0

39

63

1,318

-55.00

-11.27

Newton

0

0

162

0

101

263

141

-13.20

345.76

Oconee

0

0

18

0

1

19

658

-9.52

280.00

Oglethorpe

0

0

5

0

0

5

1,243

25.00

 n/a

Paulding

0

0

142

0

95

237

212

13.40

37.79

Peach

0

0

7

0

5

12

887

-57.14

-86.52

Pickens

0

0

13

0

13

26

531

-16.13

-21.21

Pierce

0

0

1

0

0

1

7,550

-80.00

0.00

Pike

0

0

5

0

2

7

961

-46.15

-22.22

Polk

0

0

39

0

25

64

264

33.33

255.56

Pulaski

0

0

1

0

1

2

2,115

100.00

100.00

Putnam

0

0

9

0

0

9

1,367

-62.50

50.00

Quitman

0

0

0

0

0

0

 n/a

 n/a

 n/a

Rabun

0

0

5

0

1

6

2,118

-53.85

20.00

Randolph

0

0

0

0

0

0

 n/a

-100.00

 n/a

Richmond

0

0

67

0

82

149

583

13.74

4.20

Rockdale

0

0

87

0

59

146

213

-19.34

13.18

Schley

0

0

2

0

0

2

823

-33.33

 n/a

Screven

0

0

1

0

0

1

7,117

0.00

 n/a

Seminole

0

0

0

0

0

0

 n/a

 n/a

-100.00

Spalding

0

0

38

0

45

83

317

3.75

16.90

Stephens

0

0

5

0

2

7

1,769

-53.33

-36.36

Stewart

0

0

0

0

0

0

 n/a

-100.00

 n/a

Sumter

0

0

7

0

3

10

1,423

-16.67

150.00

Talbot

0

0

1

0

0

1

3,078

-75.00

-50.00

Taliaferro

0

0

0

0

0

0

 n/a

 n/a

 n/a

Tattnall

0

0

0

0

1

1

8,839

0.00

0.00

Taylor

0

0

0

0

0

0

 n/a

 n/a

 n/a

Telfair

0

0

2

0

3

5

1,026

400.00

400.00

Terrell

0

0

0

0

1

1

4,688

0.00

-66.67

Thomas

0

0

12

0

4

16

1,253

-15.79

60.00

Tift

0

0

8

0

6

14

1,161

-26.32

250.00

Toombs

0

0

7

0

0

7

1,691

40.00

600.00

Towns

0

0

4

0

2

6

1,384

0.00

 n/a

Treutlen

0

0

0

0

0

0

 n/a

 n/a

 n/a

Troup

0

0

33

0

12

45

599

9.76

114.29

Turner

0

0

1

0

1

2

1,986

-60.00

 n/a

Twiggs

0

0

1

0

0

1

4,434

0.00

 n/a

Union

0

0

11

0

4

15

892

-42.31

25.00

Upson

0

0

0

0

6

6

2,052

200.00

-33.33

Walker

0

0

35

0

12

47

605

-4.08

51.61

Walton

0

0

132

0

79

211

151

-4.09

189.04

Ware

0

0

6

0

1

7

2,348

250.00

-84.09

Warren

0

0

0

0

0

0

 n/a

-100.00

 n/a

Washington

0

0

0

0

1

1

8,537

0.00

 n/a

Wayne

0

0

11

0

1

12

919

500.00

1100.00

Webster

0

0

1

0

0

1

1,132

-50.00

 n/a

Wheeler

0

0

1

0

0

1

2,480

0.00

 n/a

White

0

0

16

0

2

18

661

-5.26

20.00

Whitfield

0

0

70

0

20

90

391

-5.26

109.30

Wilcox

0

0

1

0

1

2

1,689

100.00

100.00

Wilkes

0

0

1

0

1

2

2,586

100.00

0.00

Wilkinson

0

0

2

0

1

3

1,512

-40.00

 n/a

Worth

0

0

5

0

0

5

1,885

-28.57

 n/a

 

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