Georgia's Foreclosure Filings Up 25% in Third Quarter 2009

Georgia had 33,385 foreclosure filings in the 3Q of 2009.  These foreclosure filings were default notices, scheduled auctions and bank repossessions - a 25% jump over the 3Q of 2008.  This was also a 6.7 percent rise over the 2Q of 2009. In the state of Georgia this was equivalent to one foreclosure filing for every 119 households.  A 10.1% unemployment rate in the state of Georgia, and a lack of job creation will not help near future term picture on Georgia's foreclosure rate