Metro Atlanta Foreclosures Reach a Record High in July 2008 Up Over 47 Percent

Equity Depot LLC, a service of Notivus reported that pending foreclosures hit a record high this month with 7659 properties scheduled to be auctioned in the metro Atlanta 13 county area. In the first 6 months of 2008, the number of scheduled sales has increased 47% over 2007.

Atlanta, GA (PRWEB) July 16, 2008

Equity Depot LLC, a service of Notivus reported that pending foreclosures hit a record high this month with 7659 properties scheduled to be auctioned in the metro Atlanta 13 county area. In the first 6 months of 2008, the number of scheduled sales has increased 47% over 2007. Notivus is reporting that its customers are seeing increasing impact on their 2nd mortgages which are wiped out when a 1st mortgage holder forecloses . "2nd mortgages are always at risk if a more senior holder such as the 1st mortgagee forecloses them out . This is driving increased demand for Loan Guard our mortgage monitoring and alert service," commented Mark Sulimirski, COO for Notivus.

BREAKDOWN OF JULY 2008 PRE-FORECLOSURE DATA FOR METRO ATLANTA COUNTIES

BARTOW COUNTY FORECLOSURES -- 124
CHEROKEE COUNTY FORECLOSURES -- 243
CLAYTON COUNTY FORECLOSURES -- 710
COBB COUNTY FORECLOSURES -- 773
DEKALB COUNTY FORECLOSURES -- 1414
DOUGLAS COUNTY FORECLOSURES -- 247
FAYETTE COUNTY FORECLOSURES -- 118
FORSYTH COUNTY FORECLOSURES -- 159
FULTON COUNTY FORECLOSURES -- 1804
GWINNETT COUNTY FORECLOSURES -- 1295
HALL COUNTY FORECLOSURES -- 173
HENRY COUNTY FORECLOSURES -- 410
ROCKDALE COUNTY FORECLOSURES - 189
RECORD TOTAL FOR 13 COUNTY METRO ATLANTA - 7659

About Notivus
Notivus, a leader in real estate information services based in Alpharetta, GA, has been providing critical information on foreclosures to real estate investors, real estate agents, law firms, mortgage lenders, U.S. government agencies and the media for over 15 years. The company provides foreclosure listings services through its on-line service, Equity Depot.net, data licensing, monitoring and alert services, address/file standardization services and enterprise case monitoring systems. To learn more about Notivus, visit the company's Web site at http://www.notivus.com or http://www.equitydepot.NET.

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