Metro Atlanta has record number of foreclosures

By: ATLANTA (AP)
By: ATLANTA (AP)

Metro Atlanta has a record number of properties scheduled for foreclosure auctions next month.

Equity Depot reported Monday that in the 13 counties it tracks, 8,425 properties are scheduled to be auctioned Feb. 3. The previous high was 7,967 from last September.

Fulton County leads with 1,838 properties, followed by Gwinnett and DeKalb counties.

Fayette County, south of Atlanta, has the fewest foreclosed properties at 128.

Many of the properties likely will not be sold because of negotiated agreements and bankrupty filings.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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