GEORGIA FORECLOSURES DECREASE 33 PERCENT IN APRIL

Foreclosure Activity More Than Triple From a Year Ago

Fulton County Posts State’s Highest Foreclosure Rate

 

IRVINE, Calif. – May 31, 2006 – Georgia reported 5,150 properties entering some stage of foreclosure in April, a 33 percent decline from the previous month, but more than three times the 1,591 foreclosures reported in April 2005, according to RealtyTrac’s April 2006 U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with more than 600,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate, AOL Real Estate and Knight Ridder Online.

 

“Although Georgia foreclosures decreased in April, the numbers have more than tripled from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Continued job layoffs in manufacturing and information services combined with higher interest rates may be contributing to the rise.”

 

With one foreclosure filing for every 601 households (more than twice the national average), Georgia‘s foreclosure rate ranked among the five highest in the country. Overall, the state’s total accounted for 5.6 percent of the nation’s foreclosures. Only five states reported more foreclosures during the month.

 

Reporting 1,001 properties entering some stage of foreclosure, Fulton County, along with the 855 properties reported by Dekalb County, accounted for the largest share of the state’s foreclosure filings for April. The county’s foreclosure rate of one foreclosure filing for every 154 households was the highest in the state and 3.9 times the state average.

 

Nationwide a total of 91,168 properties entered some stage of foreclosure in April, a 10 percent decrease from the previous month but a 33 percent year-over-year increase from April 2005. This marked the second straight month of decreasing U.S. foreclosure activity. At one foreclosure filing for every 1,268 households, the national foreclosure rate for April was higher than for any month in 2005.

 

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: Pre-foreclosures — Notice of Default (NOD) and Lis Pendens (LIS); Foreclosures — 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).

 

                      Georgia Foreclosure Market By County — April 2006

 

State Name

NOD

NTS

NFS

LIS

REO

Total

1 in every #households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

U.S.

21,244

38,238

2,833

9,071

19,782

91,168

1,268

Georgia

4

3,792

0

0

1,354

5,150

601

2.11

 

 

 

 

 

 

 

 

 

 

Baldwin

0

0

0

0

1

1

17173

0.07

0.04

Banks

0

0

0

0

3

3

1936

0.66

0.31

Barrow

0

2

0

0

8

10

1730

0.73

0.35

Bartow

0

3

0

0

21

24

1198

1.06

0.50

Ben Hill

0

5

0

0

0

5

1525

0.83

0.39

Bibb

0

107

0

0

7

114

589

2.15

1.02

Brooks

0

0

0

0

0

0

 

0.00

0.00

Bryan

0

0

0

0

0

0

 

0.00

0.00

Bulloch

0

1

0

0

0

1

22742

0.06

0.03

Butts

0

1

0

0

3

4

1845

0.69

0.33

Camden

0

0

0

0

0

0

 

0.00

0.00

Carroll

0

66

0

0

28

94

362

3.50

1.66

Catoosa

0

0

0

0

5

5

4359

0.29

0.14

Charlton

0

0

0

0

2

2

1930

0.66

0.31

Chatham

0

86

0

0

16

102

977

1.30

0.62

Chattooga

0

1

0

0

2

3

3559

0.36

0.17

Cherokee

0

109

0

0

23

132

393

3.22

1.53

Clarke

0

0

0

0

1

1

42126

0.03

0.01

Clayton

0

310

0

0

136

446

194

6.54

3.10

Cobb

0

327

0

0

33

360

660

1.92

0.91

Columbia

0

36

0

0

15

51

653

1.94

0.92

Cook

0

0

0

0

1

1

6558

0.19

0.09

Coweta

0

54

0

0

28

82

405

3.13

1.49

Crawford

0

4

0

0

0

4

1218

1.04

0.49

Crisp

0

0

0

0

2

2

4780

0.27

0.13

Dade

0

0

0

0

0

0

 

0.00

0.00

Dawson

0

0

0

0

7

7

1023

1.24

0.59

Decatur

0

3

0

0

0

3

3989

0.32

0.15

Dekalb

1

594

0

0

260

855

306

4.15

1.97

Dougherty

0

1

0

0

2

3

13219

0.10

0.05

Douglas

0

113

0

0

12

125

279

4.55

2.16

Effingham

0

1

0

0

5

6

2362

0.54

0.25

Emanuel

0

2

0

0

1

3

3140

0.40

0.19

Fannin

0

0

0

0

0

0

 

0.00

0.00

Fayette

0

36

0

0

38

74

442

2.87

1.36

Floyd

0

1

0

0

12

13

2817

0.45

0.21

Forsyth

0

38

0

0

3

41

890

1.42

0.68

Franklin

0

0

0

0

0

0

 

0.00

0.00

Fulton

1

928

0

0

72

1,001

154

8.24

3.90

Gilmer

0

0

0

0

1

1

11924

0.11

0.05

Glynn

0

1

0

0

1

2

16318

0.08

0.04

Gordon

0

2

0

0

6

8

2143

0.59

0.28

Grady

0

0

0

0

2

2

4996

0.25

0.12

Gwinnett

1

380

0

0

185

566

370

3.42

1.62

Habersham

0

13

0

0

1

14

1045

1.21

0.58

Hall

0

56

0

0

32

88

580

2.19

1.04

Haralson

0

0

0

0

7

7

1531

0.83

0.39

Harris

0

0

0

0

1

1

10288

0.12

0.06

Hart

0

0

0

0

2

2

5556

0.23

0.11

Heard

0

0

0

0

1

1

4512

0.28

0.13

Henry

0

143

0

0

77

220

196

6.46

3.06

Houston

0

46

0

0

4

50

890

1.42

0.68

Irwin

0

0

0

0

1

1

4149

0.31

0.14

Jackson

0

2

0

0

8

10

1623

0.78

0.37

Jasper

0

0

0

0

6

6

801

1.58

0.75

Jeff Davis

0

1

0

0

0

1

5581

0.23

0.11

Jenkins

0

0

0

0

1

1

3907

0.32

0.15

Jones

0

0

0

0

1

1

9272

0.14

0.06

Lamar

0

0

0

0

2

2

3073

0.41

0.20

Laurens

0

1

0

0

1

2

9844

0.13

0.06

Lee

0

1

0

0

0

1

8813

0.14

0.07

Liberty

0

0

0

0

0

0

 

0.00

0.00

Lowndes

0

0

0

0

1

1

36551

0.03

0.02

Lumpkin

0

0

0

0

9

9

918

1.38

0.65

Madison

0

0

0

0

4

4

2630

0.48

0.23

Marion

0

0

0

0

0

0

 

0.00

0.00

Meriwether

0

1

0

0

0

1

9211

0.14

0.07

Monroe

0

0

0

0

1

1

8425

0.15

0.07

Morgan

0

0

0

0

1

1

6128

0.21

0.10

Murray

0

1

0

0

5

6

2387

0.53

0.25

Muscogee

0

2

0

0

7

9

8465

0.15

0.07

Newton

0

2

0

0

39

41

562

2.26

1.07

Oconee

0

0

0

0

3

3

3176

0.40

0.19

Oglethorpe

0

0

0

0

2

2

2684

0.47

0.22

Paulding

0

81

0

0

42

123

238

5.33

2.53

Peach

0

0

0

0

1

1

9093

0.14

0.07

Pickens

0

1

0

0

2

3

3562

0.36

0.17

Pike

0

3

0

0

1

4

1267

1.00

0.47

Polk

0

10

0

0

5

15

1004

1.26

0.60

Pulaski

0

1

0

0

0

1

3944

0.32

0.15

Putnam

0

0

0

0

1

1

10319

0.12

0.06

Rabun

0

1

0

0

0

1

10210

0.12

0.06

Richmond

0

113

0

0

73

186

443

2.87

1.36

Rockdale

1

74

0

0

24

99

253

5.01

2.37

Spalding

0

2

0

0

9

11

2091

0.61

0.29

Stephens

0

0

0

0

2

2

5826

0.22

0.10

Sumter

0

0

0

0

1

1

13700

0.09

0.04

Tattnall

0

1

0

0

0

1

8578

0.15

0.07

Thomas

0

1

0

0

0

1

18285

0.07

0.03

Tift

0

0

0

0

1

1

15411

0.08

0.04

Toombs

0

0

0

0

1

1

11371

0.11

0.05

Towns

0

0

0

0

0

0

 

0.00

0.00

Troup

0

0

0

0

8

8

2978

0.43

0.20

Union

0

0

0

0

0

0

 

0.00

0.00

Upson

0

0

0

0

5

5

2323

0.55

0.26

Walker

0

2

0

0

6

8

3197

0.40

0.19

Walton

0

12

0

0

11

23

978

1.30

0.61

Ware

0

1

0

0

2

3

5277

0.24

0.11

White

0

1

0

0

0

1

9454

0.13

0.06

Whitfield

0

7

0

0

0

7

5675

0.22

0.11

 

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, 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 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 AOL Real Estate, MSN Real Estate and Yahoo! Real Estate. 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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