Job prospects for robosigners and process servers remain strong in the mid-South. The Atlanta Journal-Constitution reports:
“There’s no way to know how many new properties are becoming delinquent based on foreclosure notices here,” he said. “It may mean that lenders are simply running notices on the most serious delinquencies. I know [Fannie Mae and Freddie Mac] had instituted some one-year moratoriums for the unemployed. There may be too many factors to really know anymore. Delinquency rates on all mortgages, based on Mortgage Bankers Association figures, have minimally come down this year but are still very, very high.”
During good years in metro Atlanta, there were between 2,000 and 3,000 (foreclosure–ed.) notices a month. They hit a peak in November of 2010 with 13,834, and were above 10,000 for the first three months of this year.