Georgia Foreclosures

It seems the Peach State is leading the way when it comes to losing a home.

In 2006, Georgia had one of the nation's highest foreclosure rates and metro Atlanta ranked second among the top metropolitan areas.

That means one in every 41 Georgia households was filing foreclosure.

Now, lawyers, bankers, mortgage brokers and investors are looking to buy those houses and flip them for a quick profit.

High-risk loans and refinancing are being blamed for many of the foreclosures.


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