Foreclosure notices in metro Atlanta increased 15 percent in June compared to May, but there are two silver linings in the numbers released today.
The 11,016 notices in June — still very high — represent a 12 percent decline from March, which was the last time the calendar provided an extra week to prepare foreclosure ads for publication, Equity Depot data reveals.
Also, the notices in June were down 7.6 percent from a year ago, according to Alpharetta-based Equity Depot.
It “certainly appears we’ve hit a plateau,” Barry Bramlett, president of Equity Depot, said in an e-mail to the AJC. But the “question remains how long at this [high] level.”
A total of 61,164 notices were published during the first 6 months of 2010 — up 1.4 percent from the last six months of 2009, which was a record year.
The foreclosure notices published this month in the 13-county metro area are for auctions on the courthouse steps set for next month.
Gwinnett led the metro area in June with 2,301