Six States Account for 60% of Total National Foreclosure Activity

Six States Account for 60% of National Total Foreclosure Activity

Six states, including including California, Florida, Michigan, Nevada, Illiniois, and Arizona accounted for 62% of the nation’s total foreclosure activity in August despite decreasing REOs in all six states, according to the August 2009 U.S. Foreclosure Market Report from RealtyTrac.

California REOs dropped 32% from July, but the state continued to post the highest overall total of any state, with 92,326 properties receiving a foreclosure filing in August. A total of 62,401 Florida properties received filings in August, up more than 10% from July with a 5% decrease in REO filings.

A new law in Michigan requiring lenders to file a separate public notice of default before scheduling a foreclosure auction boosted overall foreclosure activity numbers in the state for August.

A total of 9,789 of the new default notices were filed after the law took effect in early August, bringing the total number of Michigan properties receiving foreclosure filings to 19,359 for August. Michigan’s foreclosure rate leapfrogged from 19th highest in July to fifth highest in August.

Article via Managing REO.

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Blog by Cassandra Black


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Cheap Atlanta Foreclosures

Shortsale Approved: 5 BR / 2 BA, Atlanta, 15K

According to the listing info, this 5BR/2BA on Joseph E. Lowery in Atlanta has been short sale approved. It's listed at $15K. Cute color! Check it out:



Here's the scoop:

Address: 152 JOSEPH E LOWERY BLVD, ATLANTA 30314
Price: $15,000
Subdivision: NONE (gotta love it!)
County: FULTON
Bedrooms: 5
Full Baths: 2
Half Baths: 0
Type: Single Family
Lot Size: 0.5-1 Acre
Year Built: 1936 (likely gonna need some foreclosure cleanup TLC!)

Agent Info:

Call agent for more info or to put in your offer before it's snatched up! (Did you check out that color?)

Agent: Tiffany Smith
Phone: 404-808-0040
Office: MBC TOTAL REALTY GROUP
Office: 770-702-3108

WORTH NOTING:

Many of these foreclosures, especially the older ones, will need some cleanup, debris removal, spit-shining!, so be ready to put in some foreclosure cleanup effort. Don't let it scare you; just figure it into your budget!

Go for it!

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Check back often for leads on Cheap Atlanta Foreclosures and information on purchasing Cheap Atlanta Foreclosures!
Blog by Cassandra Black

Follow Cassandra Black on Twitter: http://twitter.com/foreclosuredirt
Cheap Atlanta Foreclosures

5 BR / 2 BA, Atlanta Home, $13,500 (less than 14K)

Here's a 5 br / 2 bath home in Atlanta for less than 14K (appears to be a foreclosure in need of a little sprucing). It's a single family ranch built in 1940 and needs some TLC. Interested? Here are the particulars (see below).




Address: 1950 PINEDALE DR, ATLANTA 30314
Price: $13,500
Subdivision: PINE ACRES
County: FULTON
Bedrooms: 5
Full Baths: 2
Type: Single Family
Style: Ranch
Year Built: 1940

Agent

Need more info? Contact the agent below:

Agent: Mike Costigan
Phone: 770-955-3655
Office: COSTIGAN REAL ESTATE GROUP
Office: 770-955-3655

You may need a good foreclosure cleanup business to help out, but it's worth a peek.

Good luck!

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Check back often for leads on Cheap Atlanta Foreclosures and information on purchasing Cheap Atlanta Foreclosures!
Blog by Cassandra Black


Follow Cassandra Black on Twitter: http://twitter.com/foreclosuredirt
Cheap Atlanta Foreclosures