According to the most recent data, there are now 200 bank-owned homes in Pickens County, and one in every 398 homes is in foreclosure.
Those figures come from RealtyTrac, an online database of foreclosed, bank-owned and auction properties, and according to Ron Barnes, local associate broker for Prudential Georgia Realty, they illustrate a severely distressed market here.
“That’s really bad,” Barnes said. “Cherokee is even higher than that, but ours is considered very high.”
See the rest of the story in this week's print edition.