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.

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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