Georgia Holds 4th Highest Foreclosure Rate in the Nation
New statistics show that Georgia had the fourth-highest foreclosure rate in the United States during the third quarter of 2006. With 15,841 foreclosure filings and a 3.5 percent jump in foreclosures from the second quarter, Georgia’s foreclosure market appears to show no signs of slowing down anytime soon.
Nationwide, the foreclosure rate jumped 17% from the second to third quarter this year, and the current rate is 43 points higher than it was at this time last year.
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