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Georgia foreclosures 6th in nation

The number of foreclosures across the country continued to soar last month, according to the latest report from RealtyTrac.

Total foreclosure filings in July, including delinquency notices, auction sale notices, and bank repossessions, were up 8 percent from last month – and 55% from last year.

That equals a rate of one out of every 464 houses being in some stage of foreclosure last month, with more than 680,000 properties repossessed by mortgage lenders since August 2007.

Nevada led the nation with one out of every 106 homes in foreclosure and a 15 percent monthly increase in foreclosure activity.

After falling to eighth in the nation last month, Georgia jumped back up to the sixth-highest state with the most foreclosures. One out of every 385 homes received a foreclosure notice in July – an increase of 15.46 percent from June and 18.91 percent above July 2007.


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