The foreclosure picture in metro Atlanta improved significantly in October. But notices for the year continue at a record pace.
A total of 9,549 foreclosure notices were published in October in a 13-county metro area — down 22 percent from September, according to Equity Depot. The notices published this month are for public auctions scheduled for November.
Five other months this year had more notices than October, Equity Depot data shows.
Still, after 10 months this year, there were 97,339 notices — well above last year’s previous annual record of 79,484.
“Reasons for so many remain the same — the continuing sub-prime crisis, unemployment numbers continuing to rise,” said Barry Bramlett, president of Equity Depot.
Bramlett also said the September numbers were partially swelled by the calendar.
“We have a quarterly bump when the calendar creates an extra week for advertising [foreclosures],” he said. “This happens when the auction is a full week into the next month and
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