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

Second suspect in slaying charged with murder

Kerven Silvera Telsey Jr., 21, a suspect in a local homicide who was arrested almost two weeks ago in Florida, was booked into the Coweta Co ... Read More


UPDATE

Teen with cystic fibrosis dies

Coweta teen Cole Croteau battled cystic fibrosis every day of his life. In the past two years, the battle became tougher, Cole got sicker, a ... Read More


Pinewood exec lauds impact of filmmaking

When Pinewood Studios agreed to expand into the United States, no one had any idea the economic impact it would have. Addressing the Newnan- ... Read More


Middle school volleyball championship postponed

Coweta’s middle school volleyball championship game has been postponed for a week amid questions on Lee Middle School’s eligibil ... Read More


No suspects named in Newnan triple shooting

Newnan authorities are still investigating last week’s drive-by shooting that left two men and a woman injured, but the victims are im ... Read More

Man arrested after pursuit through Newnan

By Wes Mayer wesley@newnan.com A man received numerous charges after he led officers with the Newnan Police Department and Coweta County Sh ... Read More