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February 8, 2010

Metro Atlanta foreclosures jump in February

ATLANTA (AP) — Foreclosure notices in metro Atlanta jumped 27 percent in February compared with January.

The notices were also up 34 percent when compared to a year ago, according to data released Monday from Equity Depot, an Alpharetta company that tracks foreclosures.

Company president Barry Bramlett said that foreclosures are affecting residential properties in all price ranges. He also said commercial properties are “clearly on the rise.”

There were 10,357 foreclosure notices published in February in the 13-county metro Atlanta area. That compared with 8,181 in January and 7,701 a year ago.

The notices sent out this month are scheduled for public auction in March.

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