GEORGIA FORECLOSURES INCREASE 29 PERCENT IN JANUARY

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

State’s Activity Up 13 Percent From a Year Ago; Foreclosure Rate in Top 5

 

IRVINE, Calif. – Feb. 25, 2007 – Georgia documented 8,328 new foreclosure filings in January, a 29 percent increase from the previous month and a 13 percent increase from January 2006, according to the latest RealtyTrac™ U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with over 850,000 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.

 

Georgia’s foreclosure rate continues to rank among the nation’s highest,” said James J. Saccacio, chief executive officer of RealtyTrac. “Two factors that could push foreclosure filings upward are a decrease in job growth and a slowdown in home sales and starts.”

 

Georgia ranked sixth in the country in total foreclosures reported for January. The state’s foreclosure rate of one new foreclosure filing for every 372 households ranked third among the 50 states and was more than twice the national average.

 

Five counties account for more than half of state’s foreclosure activity

The combined foreclosure filings in five counties accounted for 54 percent of all new foreclosures recorded in Georgia for January. Fulton County documented the highest total, 1,803 new foreclosure filings for the month. De Kalb County documented the second highest total in the state, 1,336 new filings, and Clayton County tallied the third highest total, 549 new filings. Cobb County documented 523 new filings, giving it the fourth highest total in the state. Henry County rounded out the state’s top five, reporting 326 new filings in the foreclosure pipeline during the month.

 

Fulton, Henry and Clayton counties post state’s highest foreclosure rates

Fulton County tallied the highest foreclosure rate in the state for January, one new foreclosure filing for every 85 households — 4.3 times the state average and 10 times the national average. Henry County registered the second highest rate, one new foreclosure filing for every 132 households — 2.8 times the state average and 6.7 times the national average. Clayton County posted the third highest foreclosure rate, with one new filing for every 157 households — 2.4 times the state average and 5.6 times the national average.

 

State accounts for 6 percent of national total

Georgia accounted for 6 percent of the 130,511 foreclosure filings nationwide in January. The national total was up 19 percent from the previous month and up 25 percent from January 2006. The nation’s foreclosure rate increased to one new foreclosure filing for every 886 households during the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of homes in some stage of foreclosure nationwide, by state and by county. 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 – January 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

27,317

52,326

6,983

19,980

23,905

130,511

886

n/a

n/a

Georgia

11

6,319

0

0

1,998

8,328

372

2.38

n/a

 

 

 

 

 

 

 

 

 

 

Appling

0

5

0

0

0

5

1,571

0.56

0.24

Baldwin

0

10

0

0

0

10

1,717

0.52

0.22

Banks

0

15

0

0

4

19

306

2.90

1.22

Barrow

0

62

0

0

8

70

247

3.58

1.50

Bartow

0

2

0

0

27

29

991

0.89

0.38

Ben Hill

0

8

0

0

3

11

693

1.28

0.54

Berrien

0

2

0

0

0

2

3,550

0.25

0.10

Bibb

0

149

0

0

0

149

451

1.96

0.82

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

2

0

0

0

2

4,338

0.20

0.09

Bulloch

0

13

0

0

0

13

1,749

0.51

0.21

Burke

0

11

0

0

0

11

804

1.10

0.46

Butts

0

7

0

0

2

9

820

1.08

0.45

Calhoun

0

1

0

0

0

1

2,305

0.38

0.16

Camden

0

16

0

0

0

16

1,060

0.84

0.35

Carroll

0

121

0

0

38

159

214

4.14

1.74

Catoosa

0

32

0

0

6

38

574

1.54

0.65

Charlton

0

3

0

0

0

3

1,286

0.69

0.29

Chatham

0

93

0

0

28

121

824

1.08

0.45

Chattahoochee

0

1

0

0

0

1

3,316

0.27

0.11

Chattooga

0

14

0

0

0

14

763

1.16

0.49

Cherokee

0

119

0

0

43

162

321

2.76

1.16

Clarke

1

37

0

0

1

39

1,080

0.82

0.34

Clayton

0

388

0

0

161

549

157

5.63

2.36

Clinch

0

0

0

0

0

0

n/a

0.00

0.00

Cobb

0

415

0

0

108

523

454

1.95

0.82

Coffee

0

0

0

0

0

0

n/a

0.00

0.00

Colquitt

0

10

0

0

0

10

1,755

0.50

0.21

Columbia

0

44

0

0

6

50

666

1.33

0.56

Cook

0

0

0

0

0

0

n/a

0.00

0.00

Coweta

0

89

0

0

31

120

277

3.20

1.34

Crawford

0

2

0

0

0

2

2,436

0.36

0.15

Crisp

0

4

0

0

0

4

2,390

0.37

0.16

Dade

0

7

0

0

0

7

889

1.00

0.42

Dawson

0

15

0

0

5

20

358

2.47

1.04

Decatur

0

11

0

0

0

11

1,088

0.81

0.34

De Kalb

3

968

0

0

365

1,336

196

4.53

1.90

Dodge

0

0

0

0

0

0

n/a

0.00

0.00

Dooly

0

1

0

0

0

1

4,499

0.20

0.08

Dougherty

0

3

0

0

1

4

9,914

0.09

0.04

Douglas

0

174

0

0

62

236

148

6.00

2.52

Early

0

1

0

0

0

1

5,338

0.17

0.07

Echols

0

1

0

0

0

1

1,482

0.60

0.25

Effingham

0

0

0

0

3

3

4,723

0.19

0.08

Elbert

0

0

0

0

0

0

n/a

0.00

0.00

Emanuel

0

11

0

0

0

11

856

1.03

0.43

Evans

0

1

0

0

0

1

4,381

0.20

0.08

Fannin

0

4

0

0

0

4

2,784

0.32

0.13

Fayette

0

86

0

0

3

89

368

2.41

1.01

Floyd

0

40

0

0

0

40

915

0.97

0.41

Forsyth

0

52

0

0

15

67

545

1.63

0.68

Franklin

0

9

0

0

2

11

846

1.05

0.44

Fulton

3

1,356

0

0

444

1,803

85

10.36

4.35

Gilmer

0

8

0

0

5

13

917

0.97

0.41

Glascock

0

2

0

0

0

2

596

1.49

0.62

Glynn

0

19

0

0

0

19

1,718

0.52

0.22

Gordon

0

23

0

0

12

35

490

1.81

0.76

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

1

575

0

0

172

748

280

3.16

1.33

Habersham

0

12

0

0

5

17

861

1.03

0.43

Hall

0

64

0

0

34

98

521

1.70

0.71

Hancock

0

1

0

0

0

1

4287

0.21

0.09

Haralson

0

3

0

0

10

13

825

1.07

0.45

Harris

0

0

0

0

0

0

n/a

0.00

0.00

Hart

0

0

0

0

0

0

n/a

0.00

0.00

Heard

0

1

0

0

0

1

4,512

0.20

0.08

Henry

1

263

0

0

62

326

132

6.69

2.81

Houston

0

49

0

0

0

49

908

0.98

0.41

Irwin

0

1

0

0

0

1

4,149

0.21

0.09

Jackson

0

50

0

0

20

70

232

3.82

1.60

Jasper

0

15

0

0

8

23

209

4.24

1.78

Jeff Davis

0

1

0

0

0

1

5,581

0.16

0.07

Jefferson

0

0

0

0

0

0

n/a

0.00

0.00

Jenkins

0

2

0

0

0

2

1,954

0.45

0.19

Jones

0

8

0

0

0

8

1,159

0.76

0.32

Lamar

0

0

0

0

0

0

n/a

0.00

0.00

Lanier

0

0

0

0

0

0

n/a

0.00

0.00

Lee

0

2

0

0

0

2

4,407

0.20

0.08

Liberty

0

14

0

0

0

14

1,570

0.56

0.24

Lincoln

0

2

0

0

0

2

2,257

0.39

0.16

Lowndes

0

29

0

0

0

29

1,260

0.70

0.29

Lumpkin

0

6

0

0

3

9

918

0.97

0.40

Macon

0

0

0

0

0

0

n/a

0.00

0.00

Madison

0

12

0

0

0

12

877

1.01

0.42

Marion

0

1

0

0

0

1

3,130

0.28

0.12

McDuffie

0

8

0

0

2

10

892

0.99

0.42

McIntosh

0

0

0

0

0

0

n/a

0.00

0.00

Meriwether

0

0

0

0

0

0

n/a

0.00

0.00

Miller

0

0

0

0

0

0

n/a

0.00

0.00

Mitchell

0

1

0

0

0

1

8,880

0.10

0.04

Monroe

0

0

0

0

0

0

n/a

0.00

0.00

Morgan

0

5

0

0

0

5

1,226

0.72

0.30

Murray

0

0

0

0

0

0

n/a

0.00

0.00

Muscogee

0

84

0

0

1

85

896

0.99

0.41

Newton

0

9

0

0

81

90

256

3.46

1.45

Oconee

0

2

0

0

0

2

4,764

0.19

0.08

Oglethorpe

0

0

0

0

0

0

n/a

0.00

0.00

Paulding

0

91

0

0

46

137

214

4.15

1.74

Peach

0

5

0

0

0

5

1,819

0.49

0.20

Pickens

0

16

0

0

3

19

562

1.58

0.66

Pierce

0

1

0

0

0

1

6,719

0.13

0.06

Pike

0

3

0

0

1

4

1,267

0.70

0.29

Polk

0

42

0

0

15

57

264

3.35

1.41

Pulaski

0

1

0

0

0

1

3,944

0.22

0.09

Putnam

0

0

0

0

0

0

n/a

0.00

0.00

Rabun

0

2

0

0

2

4

2,553

0.35

0.15

Randolph

0

0

0

0

0

0

n/a

0.00

0.00

Richmond

1

168

0

0

59

228

361

2.45

1.03

Rockdale

0

107

0

0

32

139

180

4.91

2.06

Schley

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

1

39

0

0

25

65

354

2.50

1.05

Stephens

0

14

0

0

4

18

647

1.37

0.57

Sumter

0

14

0

0

0

14

979

0.91

0.38

Talbot

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

4

0

0

0

4

1,271

0.70

0.29

Terrell

0

0

0

0

0

0

n/a

0.00

0.00

Thomas

0

1

0

0

0

1

18,285

0.05

0.02

Tift

0

5

0

0

0

5

3,082

0.29

0.12

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

Troup

0

7

0

0

0

7

3,403

0.26

0.11

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

0

0

0

0

0

n/a

0.00

0.00

Walker

0

50

0

0

3

53

483

1.84

0.77

Walton

0

28

0

0

26

54

417

2.13

0.89

Ware

0

8

0

0

0

8

1,979

0.45

0.19

Warren

0

0

0

0

0

0

n/a

0.00

0.00

Washington

0

1

0

0

0

1

8,327

0.11

0.04

Wayne

0

2

0

0

0

2

5,414

0.16

0.07

White

0

13

0

0

1

14

675

1.31

0.55

Whitfield

0

7

0

0

0

7

5,675

0.16

0.07

Wilkes

0

3

0

0

0

3

1,674

0.53

0.22

Wilkinson

0

0

0

0

0

0

n/a

0.00

0.00

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 construction properties, 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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