Industrial foreclosures absent from Jan. numbers

by Sarah Fay Campbell

There were 62 foreclosure-related advertisements listed in The Newnan Times-Herald this month, and all were for residential properties.

There was not a commercial or industrial property listed in the January foreclosure advertisements — and that’s a rarity. There was one foreclosure for multiple lots in the Savannah Woods subdivision, but the rest of the advertisements were for single-family homes.

This month’s total is continuing a trend of significantly lower numbers since August 2013 that have brought us statistics not seen since 2006.

There were also 62 foreclosures in October 2013. In November, there were just 57 — the lowest number since at least 2005. Nationally, the U.S. foreclosure inventory is down 34 percent from a year ago, according to CoreLogic, a residential property information, analytics and services provider.

CoreLogic’s November National Foreclosure Report was released on Jan. 3. The report tracks completed foreclosures, whereas foreclosure advertisements indicate the start of the foreclosure process.

There were 46,000 completed foreclosures in the United States in November, down from 64,000 in November 2012.

In comparison, during the residential boom years of 200 to 2006, there were an average of 21,000 foreclosures per month, nationwide.

Foreclosure numbers over the last year for Coweta County are:

• Feb. 2013 - 166 (up from 165 in 2012, 0.99 percent)

• March 2013 - 178 (up from 164 in 2012, or 7.9 percent)

• April 2013 - 108 (down from 162 in 2012, or -33 percent)

• May 2013 - 105 (down from 214 in 2012, or -51 percent)

• June 2013 - 105 (down from 185 in 2012, or -57 percent)

• July 2013 - 128 (down from 224 in 2012, or - 57 percent)

• Aug. 2013 - 76 (down from 160 in 2012, or 52.5 percent)

• Sept. 2013 - 93 (down from 163 in 2012, or - 43 percent)

• Oct. 2013 - 62 (down from 165 in 2012, or - 62 percent)

• Nov. 2013 - 57 (down from 140 in 2012, or -59 percent)

• Dec. 2013 - 73 (down from 102 in 2012, or -28 percent)

• Jan. 2014 - 62 (down from 115 in 2013, or -46 percent)

(Source: The Newnan Times-Herald legal advertising department.)





More Local

Coco's Cupboard

Partnership works to find service dogs for veterans

Dog trainers Suzanne Aaron and Tara Cotton saw many clients who had dogs they just couldn’t handle. They would help the owners find do ... Read More


250 students affected

Homelessness ‘vicious cycle that’s going to continue’

The economy has bounced back from the lows of a few years ago. The housing market is healthy, and the jobless rate has improved. But, for so ... Read More


Annual Sunrise on the Square Road Race a success

The annual Sunrise on the Square included ideal weather and a first-time winner who actually pushed his baby in a stroller. The race, hosted ... Read More


HealthSouth facility scheduled to open Dec. 2

Progress for HealthSouth’s new facility is on track for a Dec. 2 opening, which will add to the town’s growing collection of hea ... Read More


Subsidized medical center proposed for Senoia

Palmetto Health Council is applying for a grant to bring a subsidized medical clinic to Coweta, proposed for the Senoia area. The non-profit ... Read More

Economic Impact

Ports hit new record

The Georgia Ports Authority moved more than 3 million 20-foot equivalent container units in fiscal year 2014 – and set a new record fo ... Read More