Atlanta home owners continue to get high numbers of foreclosure notices. Mortgage companies sent out nearly 9,500 this month. But that doesn’t mean all of the properties will be auctioned off on the courthouse steps.
Most of the owners who received foreclosure notices have been down this road before. Barry Bramlett is president of the real estate research firm Equity Depot.
“Sixty-five percent of everything we see statewide in Georgia is a repeat from a prior period in other words, the property and the mortgage has been advertised for foreclosure prior.”
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