Georgia Foreclosure Stats FAST

Georgia currently ranks 7th in the nation for foreclosures. The following is a list of a few other startling facts that have resulted from the housing crisis.

Foreclosure Projections 2009- 2012: 348,343

Total Foreclosure starts 2008 – 2009:  117,352

Total Foreclosure sales 2008-2009: 48,131

Total past due mortgages 2Q 2009:  243,084

Change in foreclosure starts from 2006-2009: 141.7%

US lost home equity as result of nearby foreclosures 2009 – 2012: $1.9 trillion

GA lost home equity as result of nearby foreclosures 2009 – 2012: $13 billion*

Number of homes experiencing foreclosure related decline: 2,823,007

Georgia average loss per home affected: 4,657

Number of Georgia’s 1,573,628 mortgages “underwater” or
homeowner owes more on mortgage than home is worth: 376,954

Number of mortgages 5% away from being “underwater”: 130,616


*More information can be found in part one of our two part report on
foreclosure, The Rippling Effects of Reckless Lending. For a PDF copy, click here.

One comment on “Georgia Foreclosure Stats FAST

  1. Pingback: Georgia Watch » Blog Archive » Mortgage Reform RALLY! Friday, 12/4!

Leave a Reply

Your email address will not be published. Required fields are marked *