Cherokee Tribune – Cherokee Co foreclosures fall 46 percent from Nov 12

CANTON — With a 46 percent year-over-year decrease in foreclosures for Cherokee County during November, experts say homeowners in the county are seeing better days.

In November, 141 foreclosures were advertised in the Cherokee Tribune, the county legal organ, marking a considerable slash in the numbers from November 2012 when 263 foreclosures were advertised.

Lewis Cline, senior vice president of Bank of North Georgia, said there is still work to be done in getting Cherokee County’s housing market back on track, but November’s number show the county might be on its way.

“There is still much room for improvement, but it appears to be slowly improving,” Cline said Friday. “Foreclosure numbers are showing signs of stabilization.”

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