Tuesday, August 17, 2010

Foreclosure notices rebound to new peak �| ajc.com

ATLANTA: Foreclosure notices rebound to new peak �| ajc.com:

Foreclosure notices in the 13-county metro area jumped 59 percent to a new record in August compared to July, reversing a sharp drop from June.
"Bramlett expected a rise of about 25 percent. “This month could just be an unexplained anomaly. No way to know until next month.”

“I will say the foreclosure crisis now is clearly a self-feeding monster,” Bramlett added. “People are underwater and clearly many are making the judgment that a credit hit is better than throwing money away they don’t feel they’ll recover.”"

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