Atlanta economy

Rising Foreclosures in Atlanta Georgia

I am starting to see bits and pieces of this article within our market.  Not so much recovery doom and gloom but more of the banks starting to make a move towards writing off short sale and foreclosed properties.  If you remember back in December I posted most banks adopted a 90 day moratorium on taking houses into [...]

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REMAX Urges Lenders to Release Atlanta Foreclosed Properties

As posted last week many experts anticipate the Treasury Department releasing many foreclosed properties back on the market.  It is estimated that 750,000 homes across the country are being held back from the sales market at this time.  If you need to sell an Atlanta home now is the time, with the $8,000.00 tax credit coming to an [...]

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Atlanta Georiga Short Sale Projections – Treasury Department

As printed in the WSJ **According to two new studies – one by John Burns Real Estate Consulting and another by S&P Financial Services – most efforts to modify loans with easier terms will delay, not prevent, the loss of homes to foreclosure. According to the John Burns study, the “shadow inventory” of homes expected [...]

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Atlanta Georgia Millage Rates

Updated 8/10/2009  Thank you for visiting www.JeffBarnwellHomesForSale.com, Atlanta’s number one search engine for new home sales and real estate news.  Sellers please click here for the latest listing strategies Buyers please click here for the Remax new home search engine   Atlanta Georgia Millage Rates Please use the following chart to calculate property taxes.  All figures are subject [...]

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Treasury Department helps Atlanta short sales

As posted last month the Treasury department has stepped up bank approval on short sale properties across metro Atlanta.  The first question asked by agents on my listings, “Is this a short sale”.  They ask with good reason, why burn out a buyer on properties that have no hope of quick answers.  Call today for more information [...]

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Atlanta home owners struggle with Short Sale vs. Deed-in-Lieu of Foreclosure

As posted at :  http://www.debtkid.com/short-sale-vs-deed-in-lieu-what%E2%80%99s-your-best-choice Short Sale vs. Dee-in-Lieu of Foreclosure: What’s Your Best Choice? Homeowners facing foreclosure often have the option of selecting a short sale or a deed-in-lieu of foreclosure as a possible solution to their financial difficulties. Like most alternatives, both have their upsides and downsides. Understanding these options is the only [...]

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Georgia Legislature considers new mortgage rules

More confirmation of past posts showing banks are moving towards slowing down foreclosures across Atlanta Georgia, “The General Assembly will also consider a bill to slow down the foreclosure process”.  Without question the next step includes banks withdrawing ”Short Sale” options for current homeowners.  For homeowners ready to sell a home now is the time.  Three of my listings [...]

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Atlanta home buyers rush to make a new home purchase

Homeowners, now is the time to list your house.  Get off the fence and list today!!!  With the $8,000.00 tax credit coming to an end buyers are rushing to find the perfect home across the Atlanta market.  Call 770-990-0743 or email JeffBarnwell@remax.net  I can have your house in the FMLS before this weekend. As printed [...]

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Georgia families struggle with personal bankruptcies

As printed in the AJC Georgia personal bankruptcies rate third-highest in the nation By Carrie Teegardin The Atlanta Journal-Constitution One in 50 Georgia households declared bankruptcy in 2009 between January and November, leaving the state with the third-highest personal bankruptcy rate in the nation. Georgia’s crowded federal bankruptcy courts handled 66,925 filings during the first [...]

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Metro Atlanta homes sales outpace national trends

From the AJC comes news of metro Atlanta homes sales showing an increase from previous months.  As posted many times in www.JeffBarnwellHomesForSale.comthe trend of builder foreclosures, foreclosures, and short sales selling for huge discounts is starting to show on the national radar.  Metro Atlanta had plenty of inventory to shed over the last year and [...]

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Texas Ratio for Georgia Banks

Thank you for visiting www.JeffBarnwellHomesForSale.com, Atlanta’s number one search engine for new home sales and real estate news.  Please click here for the latest Atlanta foreclosures and Fannie Mae Properties   Texas Ratio List Georgia banks continue to have problem with defaulting loans on the books.  Georgia ranks number one in the nation for institutions showing [...]

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