The 20-county region had 52,371 foreclosure
filings in just the first five months of the
year - the ARC 10-county area accounted for
41,595 of those filings. While Fulton, Gwinnett,
DeKalb and Cobb counties have the highest number
of foreclosures, Cherokee. Clayton and Henry are
seeing significant increases compared to 2008.
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RealtyTrac's monthly and quarterly press
releases show that our region's foreclosure
crisis is far from over. Also in this
section, learn about a special study conducted
by Atlanta Neighborhood Development Partnership
regarding property tax assessments in high-forclosure
neighborhoods. ::
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Responding to the foreclosure crisis requires
intervention at every level of the problem -
homeownership counseling, foreclosure prevention, loan
modifications, redevelopment and redeployment of
foreclosed homes. A plethora of efforts are
underway from the public, private and nonprofit sectors
to stem the tide of foreclosures and reclaim distressed
neighborhoods.
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