4:40 am November 15, 2010, by Henry Unger
Foreclosure notices in metro Atlanta soared to new heights in November, setting monthly and annual records, according to data released Monday by Equity Depot.
A total of 13,834 foreclosure notices were published in the 13-county metro area in November, Equity Depot said. The previous record of 13,130 was set in August.
Also, with one month of the year left to go, the annual record already has been shattered. A total of 117,437 notices were published during the first 11 months of the year, topping last year’s 12-month record of 117,107, Equity Depot said.
Foreclosure notices published this month are for auctions on the courthouses steps set for next month.
Nine of the 13 metro counties posted individual monthly records — Bartow, Clayton, Cobb, Dekalb, Fayette, Fulton, Gwinnett, Henry and Rockdale, Equity Depot said.
November notices were 24 percent higher than in October and 47 percent greater than a year ago, according to Equity Depot.
Barry Bramlett, president of Equity Depot, said he was “not sure if last month’s moratorium by Bank of America and others had anything to do with this month’s numbers.” Some major lenders had temporarily halted foreclosures to deal with flawed paperwork on some of their documents.
Gwinnett posted the most notices in November with 2,924. Fulton was second with 2,557, followed by DeKalb with 2,114. Cobb came in fourth with 1,656, followed by Clayton with 1,252.
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