Federal Homes in Atlanta Still Surging Amid Improvements

by cassy82 | June 3, 2010 at 05:51 am

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Federal homes are still surging in number in metro Atlanta. A total of 209,500 homes nationwide were taken back by the FHA, Fannie and Freddie in the first quarter. In May, a total of 9,587 foreclosures were filed in metro Atlanta.

Federal homes are still surging in number in Atlanta despite some economic improvements in the area.

In May, the pace of Atlanta foreclosures rose as 9,587 homeowners received default and foreclosure auction notices. This number was higher by one percent compared to April and higher by 10 percent compared to May 2009, but it was a significant improvement from the 12,568 notices filed in March.

By Cassiano Travareli