Metro foreclosures dip
10/25/2013, 6 a.m.
Foreclosures are back to pre-recession levels in metro Atlanta, and filings in 2013 are down more than 50 percent from 2010 levels.
The Atlanta Regional Commission says that the metro region has returned to foreclosure levels it has not seen since 2006, and the drag on the region’s economy appears to be easing.
In its October Regional Snapshot newsletter, the ARC said:
n Every county has fewer foreclosure filings in 2013 than in 2012 during the same period (through September).
n Gwinnett County still leads the region in the total number of foreclosure filings in 2013, but the number is more than 60 percent lower than 2010 levels.
n Metro Atlanta (28 counties) ranks seventh out of the 25 most populous metro areas in the percentage of mortgages that are considered “seriously delinquent” (those 90 days past due or already in the foreclosure inventory).
n Metro Atlanta also ranks seventh out of the top 25 metro areas for overall decline in serious delinquency rate between December of 2010 and March of 2013.
Regional Snapshot is a monthly publication of the ARC. For more information, visit http://news.atlantaregional.com/?p=1366#sthash.UkWkZfP0.dpuf.