Georgia Foreclosure Rate 4th in Nation

By Misty Williams

The Atlanta Journal-Constitution

Georgia remained among the states hardest hit by the nation’s foreclosure crisis with the fourth-highest rate of foreclosure filings last month, though it saw a slight drop from January.

Statewide, 12,356 properties had foreclosure filings -- including default notices, scheduled auctions and bank repossessions -- in February, RealtyTrac reported Thursday. That’s one in every 331 homes, compared with one in every 637 nationally.
Filings in February fell 0.89 percent from the previous month and marked a 3.52 percent drop from a year ago, according to the California-based firm, an online marketplace for foreclosure properties.

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