Cheap Atlanta Foreclosures: Leads on Foreclosed Atlanta Homes under 50K

Wednesday, August 26, 2009

10 Cities Leading the Market Recovery

10 Cities Leading the Market Recovery

Here’s more evidence that housing is turning around. Forbes magazine identified 161 of the country’s largest metro areas where sales activity has increased compared to 2008, and where foreclosure sales as a percentage of total sales, are low.

The magazine considers these markets as on the road to recovery.
1. Miami-Ft. Lauderdale, Fla.
2. Lincoln, Neb.
3. Colorado Springs, Colo.
4. Salem, Ore.
5. San Luis Obispo, Calif.
6. Bremerton, Wash.
7. Denver, Colo.
8. Redding, Calif.
9. Santa Barbara, Calif.
10. San Jose, Calif.

Source: Forbes, Matt Woolsey. Via Realtor.org.

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

Tuesday, August 25, 2009

FHA Program Offers Purchase, Renovation Aid

FHA Program Offers Purchase, Renovation Aid

The Federal Housing Administration is encouraging use of its little-known 203(k) loan program.

The 203(k) lets an owner-occupant borrow money for both the purchase and renovation in one loan, and put down only 3.5 percent.

The program requires the use of credentialed contractors and can include cosmetic improvements as well as major renovations like replacing plumbing or electrical. Completing the application process requires patience, says Nancy Hammock, an associate with RE/MAX Properties in Western Springs, Ill.

But in this lending environment, more homebuyers are finding 203(k)s worth the hassle. In fiscal 2008, the government insured about 6,700 of the 203(k) loans. This year, more than 11,000 loans have already been insured, according to the Office of the Comptroller of the Currency.

Source: Chicago Tribune, Mary Ellen Podmolik (08/14/2009) via Realtor.org.

Monday, August 24, 2009

Foreclosure, Depression Go Together

Foreclosure, Depression Go Together

Nearly half the people going through the foreclosure process reported symptoms of depression and 37 percent met screening criteria for major depression, according to a study at the University of Pennsylvania School of Medicine.

“The foreclosure crisis is also a health crisis,” says lead author Dr. Craig E. Pollack, an internist at Penn. “We need to do more to ensure that if people lose their homes, they don’t also lose their health.”

Authors of the study say that losing a house is equivalent to losing a piece of the American dream. “When this happens, there is reason to worry not only about the health of the home owner but also that of family members and the broader community they live in,” says co-author Julia Lynch, assistant professor of social sciences.

Source: University of Pennsylvania School of Medicine (08/18/2009) via Realtor.org.

Sunday, August 23, 2009

3/2 in Lithonia for under 10K, HOT, HOT, HOT!

Wow, I had to do a double-peek when I came across this listing. A three bedroom, two bath in Lithonia this handsome for under 10K. Check out details below:

THE PARTICULARS:
Price: $9,900
Address: 7665 CONYERS ST, LITHONIA 30058
Subdivision: NONE (even better!!!)
County: DEKALB
Bedrooms: 3
Full Baths: 2
Half Baths: 0
Type: Single Family
Style: Bungalow
Lot Size:
Year Built: 1920
Annual Taxes: $731 (2008)

Want to Peek Inside and Put in an Offer?

Not sure what the inside looks like, but to get inside, contact Tommy below:

Agent: Tommy Blackwell
Phone: 770-209-0595
Office: RE/MAX SUBURBAN ATLANTA INC
Address: 4989 PEACHTREE PARKWAY, S-100, NORCROSS
Office: 770-447-5558

Let me know what happens! This one seems like a steal!