(AJC) — Metro Atlanta lenders are repossessing more homes but re-selling fewer of them this year, a trend that experts say could hold down prices and prolong the region’s housing slump.
In the first six months of this year, banks and mortgage servicers completed foreclosures on 13,077 homes in Cherokee, Clayton, Cobb, DeKalb, Forsyth, Fulton and Gwinnett counties, according to RealtyTrac, a real estate data company that tracks foreclosure activity. That was up 29 percent from the same period in 2009.
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