Georgia Remains One of Top States for New Foreclsoure Filings

Although residential property foreclosures across the US fell to a 13 year low in 2018, the state of Georgia remained one of the top states for new foreclosure filings. During the last ten years, nearly 300,000 residential properties have been foreclosed in the state, the fifth highest number in the US. The lower foreclosure rates across the US indicate that most of the damage from the last housing crash has been repaired.  However, foreclosure rates rose in nearly a third of housing markets across the US in 2018 when compared to the previous year.

Need a lower home mortgage interest rate or cash out to pay down high interest debt? Refinance with Peachtree Mortgage Services, Inc. Contact us at 770.481.0052.