I think anyone reading this blog would not be surprised by the jump in foreclosures of 6.74% in one month. That's a whopping 32.32% increase in foreclosures nationwide since July 2008!
360,149 U.S. properties during the month, an increase of nearly 7 percent from the previous month and an increase of 32 percent from July 2008. The report also shows that one in every 355 U.S. housing units received a foreclosure filing in July
That is the 3rd time in the last 5 months for record increases.
We noted this projection of 3.2 million foreclosures by the end of this year.
When the most frequently quoted source of foreclosure information released its April statistics, it estimated that 3,746 properties in metro Atlanta’s five core counties had been slapped with foreclosure sale notices.
But a review of local legal advertisements – the only official source of Georgia foreclosure information – suggested a decidedly different number for April, with 7,462 properties slated for auction on the courthouse steps.