Atlanta is the capital of Georgia State of USA. It is in Fulton County. Today the Atlantans are saddled with mounting Atlanta foreclosure listings. This is strange considering that recently the city has changed from regional to international proportions in the field of business and commerce. However, despite the gloom of Atlanta foreclosure listings, various environmental protection bodies have commended the city for its environment friendly policies.

Atlanta foreclosure listings are part of the national trend that is engulfing the nation and eating into its economy. The problem emanated from lax lending practices in the sub-prime category. To stem the tide of rising Atlanta foreclosure listings many steps were taken by the federal and local governments but these were offset by new surge of Atlanta foreclosure listings. The only hope seems to be the picking up of house sales. And here there is hope because despite the large number of Atlanta foreclosure listings, as compared to the rest of the country sales of existing and new houses have been picking up. Nationally the house prices fell in June by 14.4%. There are more then 6,000 Atlanta foreclosure listings in June. Figures coming in about Atlanta foreclosure listings in the first quarter show that house prices have fallen by 6.5% in Atlanta from the first quarter of 2007. It is the biggest slump since 1979. At that time mortgage interest rates had shot up to around 18% to 21%. However with the picking up of sales from Atlanta foreclosure listings this seems to be the best time to clinch a bargain. The banks are offering heaving discounts.

During the first quarter Georgia’s foreclosure numbers increased by 80%. Atlanta foreclosure listings jumped by 69% according to RealtyTrac. Georgia ranked 6th in the nationwide foreclosure race. Not all the houses posted in the Atlanta foreclosure listings finally do end up in auctions as midway the borrowers and lenders often reach an amicable settlement. Those Atlanta foreclosure listings that reach the auction house are not always sold and this leads to the banks repossessing them.

The Atlanta-Sandy Springs-Marietta region recorded 22,554 foreclosures during the first three months of this year making Atlanta rank 16th among the metro areas. The Atlanta foreclosure listings in this period saw an increase of 68.7% over 2007 first quarter and 13.7% above the last quarter of 2007. Atlanta foreclosure listings show a ratio of 1:91 during the first quarter of 2008.

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