ICYMI… foreclosures are on the rise nationally. Some “experts” and “analysts” claim that the uptick is due to lending firms being able to process foreclosures that were heretofore blocked.

At any rate Georgia isn’t doing too well.

The AJC reports:

There were 11,743 properties in the state last month with foreclosure filings, which include default notices, scheduled auctions and bank repossessions. That is up 2 percent from July but down 28 percent from August 2010, according to RealtyTrac’s numbers.

The upward trend was noted last month by the Kennesaw firm Equity Depot. Its figures said foreclosure notices in metro Atlanta rose 16 percent in August from July, but it explained that part of the rise in raw numbers was because the count took in five weeks of notices, rather than four weeks.

The three states with more foreclosures than Georgia, according to RealtyTrac, were Nevada, California and Arizona in that order.


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