Nearly 10 percent of Georgia mortgages were past due in the second quarter, according to the Mortgage Bankers Association. Making Georgia one of the highest delinquency rates in the country.
And the number of properties scheduled to be auctioned on the courthouse steps Tuesday hit 9,930 for a 13-county area of metro Atlanta, according to Alpharetta-based Equity Depot. That’s the third highest total on record, according to Equity Depot.
Last year, scheduled foreclosures never broke 8,000. This year, the total has exceeded 8,000 in every month but one, according to Equity Depot data.
In August, Gwinnett County led the pack with 2,120 foreclosure notices. It was followed by Fulton (1,929); DeKalb (1,571); Cobb (1,107); and Clayton (785).
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