atlanta foreclosures: Unemployment is the Key to the Atlanta Foreclosure Crisis
- 03/17/10 03:32 PM
What is the fix for Atlanta homeowners in danger of foreclosure? I say jobs. Fix unemployment and you fix the mortgage and housing crisis. Forget all the other contributory factors like sub-prime loans made to people who could barely fog a mirror...most of those are now through the system. Forget also that we have billions of loans called Option Arms which are going to adjust this year and next and let's focus on the real issue...we are seeing foreclosure rates rise and most of these ARM resets haven't even occurred. Translation? More and more people are losing their homes because of … (1 comments)
atlanta foreclosures: The Atlanta Foreclosure Agent Reality Show - #1 - Water, Water Everywhere
- 01/25/10 07:54 AM
Since this one is fresh in my mind, let's go with a property we received from a national client having been foreclosed January 5th, 2010. Upon arrival, we weren't really sure if we had the right house. The mailbox was in front of a house but there was a driveway next to the mailbox leading to another house positioned in the woods behind the house we thought was right. Checking tax maps and records it appears that property lines may be overlapping and the house may sit on a property line. With no one in sight to ask, we made an … (0 comments)
What is the fix for Atlanta homeowners in danger of foreclosure? I say jobs. Fix unemployment and you fix the mortgage and housing crisis. Forget all the other contributory factors like sub-prime loans made to people who could barely fog a mirror...most of those are now through the system. Forget also that we have billions of loans called Option Arms which are going to adjust this year and next and let's focus on the real issue...we are seeing foreclosure rates rise and most of these ARM resets haven't even occurred. 
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