Local foreclosure activity fell 11 percent from August to September, reported online real estate marketplace RealtyTrac.
There were 327 properties in foreclosure in September in the six-county metro area, RealtyTrac reported Wednesday, down from 368 in August. The activity is higher than in September 2008, when only 213 properties were in foreclosure.
Georgia had a 25 percent increase from August, and South Carolina had a 30 percent increase, the company reported.
The increase in activity, the company indicated, is the result of lenders working through some of the pent-up foreclosure inventory caused by legislative delays, loan modification efforts and high volumes of distressed properties.
From the Thursday, October 15, 2009 edition of the Augusta Chronicle
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