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Atlanta Delinquencies Up - CoreLogic & ATL Business Chronicle

Posted by Michael Bang on Thursday, June 3rd, 2010 at 1:02pm.

Metro Atlanta’s house foreclosure rates and mortgage delinquency rates went up from April 2009 to April 2010, but its foreclosure rate was lower than the national average, according to CoreLogic.

The area’s rate of foreclosures among outstanding mortgage loans was 3.06 percent in April, compared 2.09 percent in April 2009.

Foreclosure activity in Atlanta-Sandy Springs-Marietta is lower than the national foreclosure rate of 3.20 percent for April.

Also in metro Atlanta, the mortgage delinquency rate rose. CoreLogic data shows 11.4 percent of mortgage loans were 90 days or more delinquent, compared to 7.1 percent for the same period last year -an increase of 4.4 percentage points.

Georgia’s foreclosure rate from April 2009 to April 2010 rose 0.86 percent to 2.66 percent, while its 90-plus days delinquency rate jumped 3.78 percentage points to 9.99 percent.

Read more: ATL foreclosure, delinquency rates up - Atlanta Business Chronicle 

Michael R. Bang - Consumer Advocate & Foreclosure Specialist
CEO Georgia Forelosure, Inc.
404-545-7119 Voice
770-206-2233 Fax

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