(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.