"During the housing boom years of 2005 and 2006, less than 5 percent of all home sales were foreclosure-related. In the third quarter, the share reached 20 percent, down from 22 percent in the second quarter and 30 percent in the third quarter of 2010."
Georgia has a foreclosure rate of 34%, one of the highest in the country. Read the article. It gives great insight as to what is going on in the market right now.
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