Foreclosures ravaged homeowners in the southern half of DeKalb County when the crisis first struck. Now, a wave of foreclosures is rumbling through the county’s northern neighborhoods as well.
Banks foreclosed on nearly 1,500 north DeKalb homes in 2007. By 2010, the number more than doubled to 3,988, according to figures from the Atlanta Regional Commission. In the super district categorized as northwest DeKalb, foreclosures swelled from 8.7 per square mile to 22.4 per square mile from 2007 to 2010. The number of foreclosures in all regions of north DeKalb has accelerated steadily in recent years.
As foreclosures in the northern neighborhoods rise, homeowners in the southern half of DeKalb continue to experience higher numbers. But the reasons for this upswing in foreclosures in the north are different from the circumstances that first ignited the wave of home repossessions in south DeKalb according to