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Tuesday, August 21, 2007

Foreclosures plague Georgia

Georgia continues to rank poorly in foreclosure statistics. RealtyTrac.com says five states account for more than half of the nation's foreclosures, and Georgia is one of them. Foreclosures jumped 93% from July 2006 to July 2007. Nationally last month, one in every 693 American households filed for foreclosure. Georgia’s was more than twice that, with one in every 299 households filing for foreclosure. In all, Georgia saw more than 12,600 foreclosures in July.

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