Foreclosures drop to pre-crisis level | www.myajc.com

13
Aug

Foreclosures drop to pre-crisis level | www.myajc.com

The foreclosure crisis that torpedoed metro Atlanta home values has finally passed — at least by one month’s measure.

Foreclosure notices fell steeply this month, dropping back to levels unseen since 2006, before the housing bubble started to burst.

The drop marks the culmination of a steady decline in foreclosure notices since 2010. But it is unclear whether the sharp decline for August is a sign that repossessions have abated for good.

“Anyone reading anything into what’s going on, it’s just conjecture,” said Barry Bramlett, whose Kennesaw firm Equity Depot compiles the numbers for a 13-county region.”Everybody’s just guessing, it’s a guessing game.”

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