There are various reasons that are causing foreclosures to rise in Atlanta. This rise has not even been sporadic, but has occurred consistently since 2001.
Though there may seem to be signs of less homes on the market, and thus the return of a healthy, more stable real estate economy – the problem lies in the reality of a flood of foreclosures that has been dammed up by various state regulations and the Obama administration’s requests in the form of an imposed moratorium since October 31, 2008.
In Miami, Atlanta, Louisville and other cities, squatters have been occupying repo homes through the help of community workers and human rights advocates.
Recent bank owned home auctions in Georgia showed that buyers are eager to take advantage of affordable prices. Houses were reportedly sold to as short a time as two minutes.
Condo units have been filling lists of Atlanta foreclosed homes for sale as more and more condo buildings fall into default. The foreclosure of condos financed by failed Corus Bank made a huge impact on condo prices in the metro area.
A big portion of house foreclosures for sale in Atlanta arose from flipping and other fraudulent activities by Omni National Bank which closed in 2009. Foreclosures were flipped two to five times at inflated prices.
Whether you are getting ready to buy your first home or your tenth home, getting a home inspection is a vital part of the property evaluation process. Don’t be fooled into thinking that avoiding the inspection can help you save money.
Georgia’s commercial real estate market is flooded with vacant office spaces due to high bank and government tax foreclosures rates. Industry experts said that it could take years for the vacant office spaces to find occupants.
Owners of properties that are under threat of being included in foreclosure flipping houses lists in Georgia are provided with some financial help through the state's Fresh Start program.
Atlanta foreclosures counted in January for the February public auctions decreased, but are expected to rise again as major lenders resume their suspended foreclosure activity during the holidays. Over 8,100 homeowners were notified of foreclosure in January.
Many of today’s condominiums and planned unit developments are governed by Homeowners Associations, otherwise known as HOAs. Before you purchase a home that is part of an HOA, you should first carefully research it to determine if it is best type of living arrangement for you.
Whether your bicycle equipment is stored in your garage or a room in your home, there is no reason for it to look messy and dirty. Bicycle storage can be attractive and convenient with a few design techniques that can make a bicycle easy to store and use, even in a small apartment.
Buyers of bank foreclosure properties in Georgia in the first quarter this year gained 38 percent in average savings. Nearly 8,400 distressed and foreclosed homes were sold during the quarter.
Notices for government and bank owned foreclosures in Atlanta rose to almost 60% within a month. The surge is being attributed by analysts to the continuous rise of unemployment rates
Bankruptcies homes for sale and foreclosed dwellings are not the only problems of Atlanta. Several church buildings in the area are also facing foreclosures.
Just north of Atlanta and easily accessed from Interstate 285 and Georgia State Route 400, Sandy Springs is the eighth largest city in the state and also one of the most affluent. This north Fulton County community was named after the city's sandy springs, which are a protected historic site.
Atlanta distressed properties have crept into almost every sector of real estate in the area. Among the properties in distress are the Trump Towers condo project, single-family homes and the DeKalb School system.
Atlanta Foreclosures and delinquency rates continue to exceed national average. According to TransUnion, for the fourth quarter of 2009, Georgia had the fifth highest delinquency rate.
Values of homes in Atlanta are expected to be lower in 2010 compared with 2009. The high number of houses under listing of bank foreclosures was identified as part of the reason.
Atlanta foreclosure homes for sale contributed significantly to the downfall of Illinois-based Corus Bank. A total of $533 million was provided by the bank to Atlanta condo developers many of whom failed to pay their loans.
Atlanta will be building affordable rental properties in an effort to counter the neighborhood impact of the huge supplies of foreclosed residential and commercial properties for sale.
The problem of Atlanta foreclosures seem to be shifting to commercial real estate as over $1 billion of commercial property loans were reportedly delinquent for at least 60 days.
The number of bank and Freddie Mac foreclosures in the state of Georgia continued to rise in 2010. The state recorded a surge of over 20% in terms of foreclosures compared with year-ago levels.
Interest in bank foreclosed properties and government home listings rose in Georgia, particularly in Atlanta, as evident in the amount of money shelled out for property auctions.
While the number of bank, government and tax foreclosed homes continues to rise in most areas of the U.S., more and more people are also withdrawing funds from their retirement savings.
Buying short sales in Georgia is easier than in other places as there are still plenty of pre foreclosures in the state. Nearly 8,500 homes entered pre-foreclosure in May, almost 62 percent of all foreclosure filings posted during the month.
The autumn season inspires the most striking decor ideas, often with very little creativity involved. Just look to nature for bright fall colors, interesting shapes and textures to spice up your front door or dining room table. Here are some quick and easy ideas to help you welcome the fall season with open arms.
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