Cobb Will See Slight Foreclosure Jump in September

Slightly more Cobb County homes will be on the auction block at the courthouse in September, if notices in The Marietta Daily Journal are carried through.

According to the MDJ, the legal notices regarding foreclosures on homes must run for four consecutive weeks before they can be auctioned off. This month, 277 homes have been published in the legal section of the newspaper, compared to 265 such auction notices during the month of July.

In September of 2013, 475 homes were listed in the legal notices section of the paper. This month’s total is 42 percent lower.

So far this year, the county has seen a 50 percent reduction in the number of foreclosure notices in the MDJ. RealityTrac also reports that the foreclosure rate in Cobb County is below the state and national averages.