Your Local Search Engine for Atlanta Georgia
1. Where would you like to live?

Help Me Choose From Available... Cities Neighborhoods Zip Codes

2. What are you looking for?
Price:
Rooms:

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
CEO Georgia Forelosure, Inc.
404-246-3904 Voice
770-206-2233 Fax

Be the first to comment on this blog entry!

Leave a Comment
Recent Blog Posts

I HATE TO TELL YOU I TOLD YOU SO

Just a quick update to say as far back as a yearago, "I told you so"  From the "horses mouth" that t... Add Comment Read More

Trans Union Says delinquency is dropping

The following article is directly from DSnews.com.  I am providing it as information only.   Although TRANS UN... Add Comment Read More

Georgia Foreclosures Jump 31% in May,

Georgia takes it's place as the sixth highest in foreclosure rates for the month of May.  This marks a jump of 31% over... Add Comment Read More
Join Our Team

We're always on the lookout for experienced REO agents to join our growing team.

Contact Us
Email Bookmark and Share