Foreclosure Follows Unemployment in Alabama and Georgia in the First Half of 2011

NEW YORK, N.Y., Sept. 28, 2011 (SEND2PRESS NEWSWIRE) — Bank Owned Properties (BankOwnedProperties.org) reports that Alabama and Georgia showed a drop in bank foreclosures in March of 2011 but then spiked upwards in April and continues to grow in both states. Behind this activity is the cumulative effect of foreclosure processing delays which masked the reality of the foreclosure effect. The August numbers reveal what lies behind that veneer.