October 2009 
There are 3 blog entries for October 2009.
Walking Away
Friday, October 30th, 2009 at 5:56am. 118 Views, 0 Comments.
I was talking with one of my top investor clients a couple days ago and he mentioned he "walked away" (aka foreclosed) from two investment properties last month. The two properties - both Atlanta condos - had lost a combined $250,000 in value over the last 18 months. Meanwhile, the bank holding the note refused to entertain 3 bonafied short sale offers, denied application to modify the adjustable rate mortgage and increased his monthly interest payment $600 a month.
Foreclosing on Your Atlanta Home: A Strategic Approach
For a professional real estate investor who makes his living creating profit in the homes he buys and sells, it was a smart decision. A strategic one, really. Either continue to hemhorage massive amounts of money every month paying…
Selling More Atlanta Homes For Less
Monday, October 26th, 2009 at 9:56pm. 69 Views, 0 Comments.
Recent pending sale data taken from FMLS (FirstMLS) shows a sustained upward trend.
Atlanta Foreclosures Hit New Record High
Monday, October 5th, 2009 at 1:00pm. 293 Views, 1 Comments.
The number of Atlanta foreclosures hit a new record in September with 12,207 foreclosure notices filed in the 13-county area that is Metro Atlanta, according to Alpharetta-based Equity Depot. (www.equitydepot.net).
That's an increase of 22% over August when 9,930 foreclosure notices were filed with the courts and 282 more foreclosures than the previous record of 11,925 set in June of this year.
This moves the total number of foreclosures notices at 87,679 for the year - a new record for a 12 month period and we've still got 3 months to go. The previous 12 month record was set in 2008 with 79,484 foreclosures notices.
Fulton County led the 13 county area with most foreclosures in September at 2,666; edging out Gwinnett County which followed with a…
