Georgia November Foreclosures Still In Top 10, But Down From October

From the Atlanta Business Chronicle -

Georgia's foreclosure rate in November made it the seventh-highest in the nation, according to RealtyTrac's November 2007 U.S. Foreclosure Market Report.

Georgia had 8,968 foreclosure filings -- default notices, auction sale notices and bank repossessions -- in November for a rate of one filing per 421 households in November. That rate was down 21 percent form October, but was up 27.1 percent from November 2006.

Across the nation, there were a total of 201,950 foreclosure filings in November, down 10 percent from Ocotber but still up nearly 68 percent from November 2006.

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