One in eight home loans is past due and on the verge of foreclosure in Georgia. While the subprime market represents just 13 percent of all outstanding loans in Georgia, subprime foreclosures accounted for 40 percent of the total number of Georgia foreclosures in the first quarter of 2009.
As foreclosure signs, boarded up windows and overgrown lawns become increasing prevalent, some of our best experts and leaders prefer to sit idly by and debate statistics.
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