4:57 am December 14, 2009, by Henry Unger
The foreclosure picture worsened in metro Atlanta in December, rising nearly 10 percent over November and 77 percent compared with December of last year, according to new data from Equity Depot.
What’s more, the previous annual record, set last year, was shattered as 117,107 foreclosure notices were published this year — an increase of 47 percent, Equity Depot said.
“Maybe we’ve reached the apex, but it’s still unbelievable, in my opinion,” Barry Bramlett, president of Equity Depot, wrote in an e-mail.
In December, a total of 10,341 foreclosure notices were published in a 13-county metro area — up 9.7 percent from November, according to Alpharetta-based Equity Depot (www.equitydepot.net). The notices published this month are for public auctions scheduled for January 5.
Bramlett said relatively fewer residential properties are involved, while the proportion of commercial properties is rising. That includes hotels, motels, manufacturing sites and office space.
In December, Gwinnett had the most foreclosure notices (2,074), followed closely by Fulton (2,006). DeKalb was third (1,568), followed by Cobb (1,203) and Clayton (866).
For the entire year, Fulton led the pack (24,609) and Gwinnett was second (23,193).
For instant updates, follow me on Twitter.
Get inside Atlanta's and national business news and how it affects you.
Vacation stops, manage subscriptions and more