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.