Posted by The Keen Team on Saturday, May 14, 2011 at 2:35 PMBy The Keen Team / May 14, 20113 Comments
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:
Posted by The Keen Team on Monday, March 14, 2011 at 9:33:16 PMBy The Keen Team / March 14, 2011Comment
Is it possible we've seen the worst of the foreclosure crisis in Atlanta? 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...
Posted by The Keen Team on Tuesday, September 21, 2010 at 11:01:25 AMBy The Keen Team / September 21, 2010Comment
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.
Posted by The Keen Team on Monday, September 20, 2010 at 10:53 AMBy The Keen Team / September 20, 20101 Comment
All right. All right. All right. It's Tuesday, September 21st 2010, and we've got fourteen (14) new Atlanta foreclosures and short sales to hit the market in the last 24 hours. A little something for everyone in today's episode. If you're looking for a solid deal in a great neighborhood you should check out this episdoe. Investors might want to take a closer look as well.
Posted by The Keen Team on Sunday, September 19, 2010 at 10:55 AMBy The Keen Team / September 19, 2010Comment
All right. I'm back with the weekend listing activity where I cover all the latest Atlanta Foreclosures and Atlanta Short Sales. As usual, we've got light activity over the weekend with just three (3) properties to hit the market.
Posted by The Keen Team on Saturday, September 18, 2010 at 10:41 AMBy The Keen Team / September 18, 2010Comment
It's been a crazy week in Atlanta real estate and I've had to take a few days away from the regular recording schedule. Fear not. I'm back. And I'm here with a weekly recap of the last week in Foreclosure and Short Sale listing activity.
Posted by The Keen Team on Friday, September 3, 2010 at 7:57 AMBy The Keen Team / September 3, 2010Comment
It's Thursday, September 2nd 2010 and welcome to today's episode of IntownDailyForeclosures.com
We've got a shorter list than usual for Friday, but there are a couple good properties that have come on the market and I always recommend digging through the archives on my blog to see if anything in previous episodes is of interest.
Posted by The Keen Team on Wednesday, September 1, 2010 at 1:42 PMBy The Keen Team / September 1, 2010Comment
We just completed our first full month of programming here at IntownDailyForeclosures.com and RealSourcebrokers.com so I thought I'd do something a little different to finish out the month of August. So as part of my ongoing comittment to provide the most comprehensive and up-to-date analysis of the foreclosure and short sale market here in Atlanta I'm providing this recap of the listing and sales activity in in the distressed market for August 2010.
Posted by The Keen Team on Saturday, August 28, 2010 at 1:41 PMBy The Keen Team / August 28, 2010Comment
It's Saturday, August 28th 2010 and I'm back with with more foreclosures in Atlanta and a an end of week recap of the entire distressed property market for August 21st through August 27th 2010.
