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        <title>Atlanta Real Estate Blog</title>
        <link>http://www.realsourcebrokers.com/blog/tags/atlanta-foreclosures/</link>
        <description>Atlanta Real Estate Blog - a complete Atlanta Home Guide helping local buyers, sellers and investors make informed decisions through insightful market news and analysis.  Because we focus specifically on the eclectic Intown Neighborhoods (Candler Par</description>
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            <guid>http://www.realsourcebrokers.com/blog/atlanta-foreclosure-report-april-2011.html</guid>
            <link>http://www.realsourcebrokers.com/blog/atlanta-foreclosure-report-april-2011.html</link>
            <author>joshua@thekeenteam.com (Joshua Keen)</author>
            <title>Atlanta Foreclosure Report: April 2011</title>
            <description> <![CDATA[ 
Foreclosures notices for April 2011 in the Metro Atlanta market dropped by 28% from March 2011 and 18% from April 2010. What does this mean for the foreclosure market here in Atlanta? Well ... as much as we'd like this to mean foreclosures have seen their peak, it's more reasonable to assume the precipitous drop is due to recent changes in lender requirements.


Pervasive problems with improper paperwork led many lenders to slow down the filing process. They're now taking extra steps before advertising properties for foreclosure; making certain to dot all the "i's" and cross all the "t's". Those extra steps, though necessary to protect the legal interests of big banks, are causing homes to sit longer before hitting the market as REOs (real estate owned).


This months totals are the lowest since February 2009 ...


Here's a quick breakdown of the top 5 counties and their totals:


Gwinnett County led with 1,567 total filings. Right behind Gwinnett is Fulton County with 1,463. DeKalb posted 1,240, Cobb 958 and Clayton had just 631.
 ]]> </description>
            <pubDate>Sat, 14 May 2011 14:35:15 -0400</pubDate>
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            <guid>http://www.realsourcebrokers.com/blog/march-2011-atlanta-foreclosure-report.html</guid>
            <link>http://www.realsourcebrokers.com/blog/march-2011-atlanta-foreclosure-report.html</link>
            <author>joshua@thekeenteam.com (Joshua Keen)</author>
            <title>Atlanta Foreclosure Report: March 2011</title>
            <description> <![CDATA[ Is it possible we've seen the worst of the foreclosure crisis in Atlanta?&nbsp; We find out in this Atlanta Foreclosure Report for March, 2011.
Foreclosures notices for March 2011 in the Metro Atlanta market dipped slightly suggesting a possibly peak in the activity across the 13 county area and a  glimmer of hope for the struggling market.    The March total fell to 10,779 - a .6 percent drop from the February 2011 tally and a significant 14 percent dip from March 2010 numbers.



Foreclosure trend upward during the spring and summer months.  In fact March 2010 saw a 22 percent rise from February 2010 -- so this decline, though welcomes, comes unexpectedly.



Even with the surprise drop in notices file this past month ... we're still 2 percent ahead of last year, which set an annual record.



Here's a quick breakdown of the top 5 counties and their totals:



Gwinnett County led with 2,338 total filings. Right behind Gwinnett is Fulton County with 1,928, DeKalb  posted 1,688, Cobb 1,235 and Clayton lagged behind the more populous counties with 931.

 ]]> </description>
            <pubDate>Mon, 14 Mar 2011 21:33:16 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.realsourcebrokers.com/blog/the-second-wave.html</guid>
            <link>http://www.realsourcebrokers.com/blog/the-second-wave.html</link>
            <author>joshua@thekeenteam.com (Joshua Keen)</author>
            <title>The Second Wave</title>
            <description> <![CDATA[ 
It's a testament to the quality of 60 Minutes that nearly 2 years after it was first recorded in December of 2008 this 12 minute prediction of what will come to pass has ... well ... come to pass.

We're entering the 4th quarter of 2010 and we are, without a doubt, heading right into the second wave of the Atlanta Foreclosure crisis.

  ]]> </description>
            <pubDate>Tue, 21 Sep 2010 11:01:25 -0400</pubDate>
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        <item>
            <guid>http://www.realsourcebrokers.com/blog/the-poor-rich.html</guid>
            <link>http://www.realsourcebrokers.com/blog/the-poor-rich.html</link>
            <author>joshua@thekeenteam.com (Joshua Keen)</author>
            <title>The Poor Rich</title>
            <description> <![CDATA[ 
David Streitfeld, columnist with the NY Times says Biggest Defaulters on Mortgages Are the Rich

More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Times by the real estate analytics firm CoreLogic.By contrast, homeowners with less lavish housing are much more likely to keep writing checks to their lender. About one in 12 mortgages below the million-dollar mark is delinquent.The CoreLogic data measures serious delinquencies, which means the borrower has missed at least three payments in a row.

First... what defines &quot;rich&quot;? Because as a witness to the luxury real estate market in Atlanta between 2001 and 2007 I can assure you that being rich was not a prerequisite for buying a home priced over $1 million. In fact, the Atlanta luxury home market is mostly comprised of folks who simply bought more home than they could really afford. A classic case of Irrational Exuberance.&nbsp; 

And what will this &quot;movin' on up&quot; theme for the distressed market do to the under $1 million markets?&nbsp; Well...downward pressure on prices, of course. &nbsp; The rich get poor and the poor get poorer. 

Thoughts?
 ]]> </description>
            <pubDate>Fri, 09 Jul 2010 07:29:42 -0400</pubDate>
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            <guid>http://www.realsourcebrokers.com/blog/youll-always-remember-your-first.html</guid>
            <link>http://www.realsourcebrokers.com/blog/youll-always-remember-your-first.html</link>
            <author>adam@realsourcebrokers.com (Adam Keen)</author>
            <title>You'll Always Remember Your First</title>
            <description> <![CDATA[ This is my first blog post.&nbsp; And it's the first of many where I'll give you a &quot;behind the scenes&quot; look at the fascinating world of Atlanta Real Estate from a unique (if somewhat cynical) perspective - mine!&nbsp; I plan to cover a range a topics - some serious ... some not so serious ... all brilliant.&nbsp;&nbsp; And I'm looking forward to maybe getting to hang out with you in the online 
world of bloggery and prodigiousness.&nbsp; Or maybe well get to meet &ldquo;in real life&rdquo;, as the kids say, if you do business with my two brothers. Or on Twitter (still trying to figure that place out) @adamkeenrsb &mdash; stop by, whenever. ]]> </description>
            <pubDate>Tue, 06 Jul 2010 15:42:44 -0400</pubDate>
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            <guid>http://www.realsourcebrokers.com/blog/atlanta-foreclosure-report-february-2010.html</guid>
            <link>http://www.realsourcebrokers.com/blog/atlanta-foreclosure-report-february-2010.html</link>
            <author>joshua@thekeenteam.com (Joshua Keen)</author>
            <title>Atlanta Foreclosure Report: February 2010</title>
            <description> <![CDATA[ 
In February foreclosure notices skyrocketed 27 percent erasing the memory of declines reported in January. A total of 10,357 notices were published this month compared with 8,181 last month. 

The most recent report by Equity Depot also reveals a 34 percent year-over-year (YoY) increase with 7,701 published foreclosures notice in Februray 2009. 


What's striking is there is no marked difference in foreclosure rates relative to price range or geography.&nbsp; 

It's seems this recession doesn't discriminate.
Gwinnett topped the charts this month with 2,163 foreclosures, Fulton came in close second with 2,008 and DeKalb County rounded out the top 3 with 1,511.February foreclosures notices are scheduled for auction the 1st Tuesday in March. ]]> </description>
            <pubDate>Thu, 11 Feb 2010 09:21:48 -0500</pubDate>
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            <guid>http://www.realsourcebrokers.com/blog/atlanta-foreclosure-report-january-2010.html</guid>
            <link>http://www.realsourcebrokers.com/blog/atlanta-foreclosure-report-january-2010.html</link>
            <author>joshua@thekeenteam.com (Joshua Keen)</author>
            <title>Atlanta Foreclosure Report: January 2010</title>
            <description> <![CDATA[ 
2009 was a record setting year in Metro Atlanta with 117,107 published foreclosure notices.

And the 2010 outlook doesn't look promising as the economy and job market continues to show signs of weakness.

But with just 8,181 foreclosure notices filed in Janaury 2010 we're able to breathe a small sigh of relief.&nbsp; Surprisingly, we saw the first January-to-January decline in 10 years. &nbsp; So what is the can this decline be attributed to?&nbsp; Likely a combination of several factors, not the least of which being that we are finally seeing fall out from the &quot;subprime&quot; crisis getting cleaned up. 

But it's far too early to predict how the year will go from here.&nbsp; With many banks slowing the pace of foreclosure through the Holiday season -- it's possible this is just a seasonal dip and the relentless pace of 2009 will continue as we head into the spring in summer season. 

So how did the 8,000+ foreclosure notices fall county-to-county?&nbsp; Fulton County led the pack with 1,716,
followed by Gwinnett with 1,617. Dekalb followed with 1,230,
Cobb had 870 and Clayton 673.
 ]]> </description>
            <pubDate>Sun, 17 Jan 2010 11:45:39 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.realsourcebrokers.com/blog/2009-atlanta-foreclosure-report.html</guid>
            <link>http://www.realsourcebrokers.com/blog/2009-atlanta-foreclosure-report.html</link>
            <author>joshua@thekeenteam.com (Joshua Keen)</author>
            <title>2009 Atlanta Foreclosure Report</title>
            <description> <![CDATA[ 
According to the most recent report from Equity Depot (an Alpharetta based firm), the Atlanta real estate market had a record setting 117,107 foreclosures notices filed in 2009.&nbsp; That's a
near 50 percent increase over the previous record in 2008. 

The report goes on to disclose a 10 percent increase in foreclosures compared to November (month over month) and ... get
this ... a whopping 77 percent increase over December 2008 (year over year). 

Gwinnett county led the pack with 2,074 foreclosure notices, close
behind sits Fulton county at 2,006 notices.&nbsp; Dekalb county figures came
in at 1,568, Cobb at 1,203 and Clayton lagging behind major metro
counties with 866. 


Fulton county ended the year with 24,609 total foreclosures.



Unbelievable.&nbsp; 

Why the increase?

Well ... on top of the already battered residential real estate market ... the increase was spurred by a weakening commercial sector. 

&nbsp; 
 ]]> </description>
            <pubDate>Mon, 14 Dec 2009 18:18:17 -0500</pubDate>
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        <item>
            <guid>http://www.realsourcebrokers.com/blog/taxation-without-representation.html</guid>
            <link>http://www.realsourcebrokers.com/blog/taxation-without-representation.html</link>
            <author>joshua@thekeenteam.com (Joshua Keen)</author>
            <title>Taxation Without Representation</title>
            <description> <![CDATA[ 

In the wake of the 2008 real estate meltdown lies Georgia's property tax system - in shambles.


Atlanta Home Values have plummetted but, as the AJC reports today, county tax appraisals are not along for the ride down.


In examining 550,000 residential property tax records in 5 major
Metro counties (Fulton, Dekalb, Gwinnett, Cobb and Clayton) it was
determined county appraisals are higher - in some cases, much higher -
than your property is now worth.


What Does This Mean For You? 


In simple terms it means that you are, quite likely, being taxed on value your Atlanta Home no longer holds.&nbsp; I'm sure this comes as no surprise.&nbsp; Afterall, 2009 Atlanta property taxes have been due for some time now.&nbsp; And if you were alive and owning Atlanta real estate during the last 18 months ... you don't need an 8 Day investigative report to tell you your home has lost significant value and your property taxes haven't budged.

But just in case...

Here's What You Can Do About It 

Contact Me.&nbsp; I have access to leading experts, including Atlanta real estate tax professionals, who can provide all the necessary details on how to appeal your tax appraisal.&nbsp; Simple enough. 
 ]]> </description>
            <pubDate>Sun, 06 Dec 2009 11:48:46 -0500</pubDate>
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        <item>
            <guid>http://www.realsourcebrokers.com/blog/failure.html</guid>
            <link>http://www.realsourcebrokers.com/blog/failure.html</link>
            <author>joshua@thekeenteam.com (Joshua Keen)</author>
            <title>Failure</title>
            <description> <![CDATA[ 
Our environment, the world in which we live and work, is a mirror of our attitudes and expectations.Earl Nightingale

Here, sipping my morning coffee and digesting the news of more Georgia Bank failiures.

What's striking isn't that more banks have failed.

Truth is, I've come to expect news like this.&nbsp; 

And that, to me, is the more compelling story.

It's there, in my approach, that work can be done and change happens. 
 ]]> </description>
            <pubDate>Sat, 05 Dec 2009 07:24:36 -0500</pubDate>
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