Power Breakfast: Foreclosures rise in Atlanta, Biden-Perdue stimulus announcement, Zoo Atlanta, Dubai, Citigroup
There’s still no relief from foreclosures.
The picture worsened in metro Atlanta in December, as foreclosure notices rose nearly 10 percent over November and 77 percent compared with December of last year, according to new data from Equity Depot.
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.
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.
Barry Bramlett of Equity Depot said relatively fewer residential properties are involved, while the proportion of commercial properties is rising.
Also in the AJC:
- VP Biden to join Gov. Perdue for stimulus announcement
- Sponsor completely cuts ties to Tiger
- Recession fatigue weighs on long-term unemployed
- Complaints against insurers rise
- FAA chief reluctant to raise minimum pilot hours
- Zoo Atlanta leader leaving for National Zoo
In other media:
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2 comments Add your comment
Vanessa Raye
December 15th, 2009
10:46 pm
Foreclosures are up but there are buyers everywhere. If foreclosure notices are going out they must be working something out with the buyers on the backend. I am seeing so many multiple offer situations. Its crazy.
http://www.atlantashousedeals.com
Jason
December 26th, 2009
7:02 pm
Looking for a FREE Foreclosure List? Visit this website >>> http://bit.ly/8dJjrf