One out of every 165 Georgia households is in foreclosure.
Georgia ranked fourth in the nation among all states in the number of foreclosures. Georgia's foreclosure rate jumped 10.6 percent from July and was up 133.5 percent compared with August 2006. Only Nevada, California and Florida had worse foreclosure statistics.
The United States had a total of 243,947 foreclosure filings in August, up 36 percent from July and up 115 percent from August 2006. This is the highest number of foreclosure filings in a single month that RealtyTrac has reported since it began issuing its monthly report in January 2005. The national foreclosure rate of one foreclosure filing for every 510 households for the month is also the highest figure ever issued in the report. In July, 2007 10,000 Georgia households were facing foreclosure.