Georgia still in top 10 for foreclosures - Orlando Business Journal:

http://master-view.livejournal.com/5870.html
The report said Georgia had 10,516 foreclosurre filings -- default notices, auction sale noticess and bankrepossessions -- in May. This was down 1.27 percentt from May 2008 and down 8.72 percent from April 2009 (whej it also ranked seventh). One in evergy 377 households in Georgia got a foreclosure noticrein May. Foreclosure filings were reportedon 321,480 U.S. properties in May -- a decreasde of 6 percent from April, but an increase of nearly 18 percent fromMay 2008. The reporrt also shows that one in every398 U.S. housinvg units received a foreclosure filintgin May. As has been the trend for many Nevada, California and Florida had the highesrforeclosure levels.
Following them in the top 10 were Arizona, Michigan, Georgia, Colorado, Idaho and Ohio. "Mayg foreclosure activity was the third-highest monthy on record, and marked the third straigh t month where the total number of propertiess with foreclosure filingsexceeded 300,000 -- a first in the history of our report," said James J. Saccacio, CEO of in news release. "While defaultz and scheduled foreclosure auctions were both down from theprevioua month, bank repossessions, or were up 2 percent thanksa largely to substantial increases in several states, includinfg Michigan, Arizona, Washington, Nevada, Oregon and New York.
We expect REO activityt to spike in the comint months as foreclosure delays and moratoriz implemented by various state laws come toan