Georgia, a state that has long held a spot in the top ten for foreclosure activity, has now hit a new record level of foreclosure filings for May of 2012. The state has worked it’s way up from number eight back in 2010, number five in 2011, number three earlier this year, and now, it has exclusive bragging rights for the number one spot
Georgia – No Plans To Help Homeowners
May 21, 2012 by
The National Mortgage Settlement has been finalized and the $2.5 billion dollar bank payout is being allocated among the 49 participating states. But among those states that were hardest hit by the foreclosure crisis, only Georgia has no plans to allocate any of their $99 million dollar share of the settlement to help homeowners who are struggling to avoid foreclosure.
