Georgia’s foreclosure rate is showing signs of improvement. According to the foreclosures database RealtyTrac, Georgia ranked 4th in the nation for foreclosures in February. That’s down 23% from February 2006, the year Georgia ranked second in foreclosures. Still, one out of every 424 Georgia households filed for foreclosure last month. Nearly 73-hundred Georgia households were in some form of foreclosure in February. RealtyTrac says the country will continue to see rising rates of foreclosures due to spiking subprime and FHA loan interest rates.
