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Atlanta Foreclosure Report: March 2011

Is it possible we've seen the worst of the foreclosure crisis in Atlanta?  We find out in this Atlanta Foreclosure Report for March, 2011.

Foreclosures notices for March 2011 in the Metro Atlanta market dipped slightly suggesting a possibly peak in the activity across the 13 county area and a glimmer of hope for the struggling market. The March total fell to 10,779 - a .6 percent drop from the February 2011 tally and a significant 14 percent dip from March 2010 numbers.

Foreclosure trend upward during the spring and summer months. In fact March 2010 saw a 22 percent rise from February 2010 -- so this decline, though welcomes, comes unexpectedly.

Even with the surprise drop in notices file this past month ... we're still 2 percent ahead of last year, which set an annual record.

Here's a quick breakdown of the top 5 counties and their totals:

Gwinnett County led with 2,338 total filings. Right behind Gwinnett is Fulton County with 1,928, DeKalb posted 1,688, Cobb 1,235 and Clayton lagged behind the more populous counties with 931.

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