Barrow foreclosures top $42 million in first quarter
The amount of property on the block for foreclosure sale in April dropped slightly from the last two months in Barrow County. During the first quarter of 2008, over $42 million in foreclosures were posted.
Some 100 foreclosure notices were posted in March as a prelude for Tuesday’s April courthouse sales. The 100 notices topped $11.7 million for the month.
In January and February, some 116 notices were posted each month making a total of 332 notices published in the first quarter of 2008.
In total, foreclosures published Jan.-March totaled $42.2 million. While most were for amounts under $150,000, several were $400,000-plus and reflected high-end homes around the Chateau Elan area.
To an extent, the raw numbers are understated. The total value is understated due to some listings not having a dollar amount in the foreclosure notice. In addition, some listings were for multiple lots or tracts that if handled individually, would have pushed the count up.
