Yes, yes, I know a lot of you will read this and have that response. Still, this is not good news for Georgia.
Hundreds of Georgians lost their homes Tuesday.
The houses, taken from debt-laden homeowners, were sold to bidders on courthouse steps statewide.
The increasingly busy monthly auctions show that not all of the residential market is in decline.
Foreclosures are rising.
More than 115,000 properties across the country were in the foreclosure process in October — up 42 percent from the same month a year earlier, according to RealtyTrac, a California company that tracks foreclosures.
Foreclosures in Georgia are up a stunning 99 percent in the past year.
The state now has the nation’s third-highest rate of foreclosures: One in every 449 households. In October, that meant 6,895 properties were in the foreclosure process.