Atlanta is the capital city of Georgia State. The city has been regarded with having one of the most high rated foreclosure activities in the state and above all in the country too. The Atlanta foreclosures activity has been on a high in the past some time due to the layoffs of the large corporate, poor economic condition, and above all the presence of inexperienced investors in the market.
Although, in the last few months, the Georgia foreclosures activity is continuously floating up and down, but still it is much higher than the previous year’s foreclosure rate. Recent news revealed that the Georgia foreclosure activity increased by 11 percent in May, and in the next month, got down by 15 percent.
There were 10,241 foreclosed properties with filings in May, with an increase of 11 percent as stated above. These stats were still 23 percent above than the numbers announced in May 2007. Although in June, there were 8,714 foreclosed properties in Georgia with a fall of 11 percent, but still it was 21 percent above the level of foreclosure revealed in June 2007.
The Atlanta foreclosure activity is a major part of the whole foreclosure activity taking place in Georgia. Atlanta city is the county seat of Fulton County, and some part of the city is under the DeKalb County. In May, Fulton and DeKalb counties were rated with the first and second highest foreclosure activity in the state with 2,532 and 1,407 foreclosed properties respectively with filing.
In June also, Fulton County led the highest foreclosure activity in Georgia, with DeKalb getting the second spot. Fulton accounted for 1,644 foreclosed properties where as DeKalb accounted for 1,399 foreclosed properties with filing.
In order to improve the present economic conditions, government as well as many foreclosure agents is offering free foreclosure listings that cover homes in various regions of Georgia.
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