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

Interchange Project

Local stands firm in Poplar Road home

For most people, a new road project is seen as a good thing — a way to reduce traffic and to get to places more quickly. But those ... Read More


Looking back

Katrina brought outpouring of generosity from Cowetans

It was Labor Day weekend 2005. I was walking through downtown Newnan, as I usually do sometime that weekend, looking at the bargains being o ... Read More


Lots of Labor Day Weekend events in Coweta

There’s a full calendar of Coweta events for Labor Day weekend. There won’t be a Powers’ Crossroads festival this year &nd ... Read More


city council

Municipal qualifying starts Monday

Qualifying for municipal races starts Monday. City Council seats in Newnan, Senoia, Moreland, Turin, Sharpsburg and Haralson are up for elec ... Read More


NTH Turns 150

Open house, magazine to mark milestone

Birthdays are fun! The Newnan Times-Herald is celebrating its 150th birthday soon. The first issue of The Newnan Herald was read by Cowetans ... Read More

First artist-in-residence arrives on Tuesday

Scottish painter Peter Tudhope arrives in Newnan on Tuesday – the first artist-in-residence to use the live-in studio space at Gray Co ... Read More