Hello neighbors,

There seems to be some hope yet in the real estate market. According to RisMedia, RealityTrac - an online entity for foreclosure properties, recently released their U.S. Foreclosure Market Report for November 2009.The market report, which displays foreclosure filings, default notices, bank repossessions, and scheduled foreclosure auctions, revealed that foreclosure rates have dropped 8% in comparison to the previous month. Although the numbers are down by 8%, they are still up by 18% compared to November 2008.

In addition, the report showed: a decrease in default notices throughout the country by 8 % compared to the previous month but up by 22% compared to November 2008, a 12% decrease compared to the previous month in scheduled foreclosure auctions that were still up by 32% compared to November 2008, and bank repossessions were even in comparison to the previous month and down by 2% compared to November 2008.

If you or someone you know have questions are concerns regarding foreclosure in the metro Atlanta area contact us here at the zac team RE/MAX Greater Atlanta, your certified property distressed experts.