Georgia Foreclosures Soar 40% in First Quarter

April 16, 2010  |  

(Atlanta Business Chronicle) — Georgia’s foreclosure rate spiked nearly 40 percent in the first quarter, making it the state with the seventh-highest foreclosure rate, according to RealtyTrac’s U.S. Foreclosure Market Report for Q1 2010.

The Peach State had 39,911 foreclosure filings — default notices, scheduled auctions and bank repossessions — in the first quarter. This marked a 30.5 percent jump over the fourth quarter of 2009 and 39.5 percent jump from the first quarter of 2009.

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