Foreclosures, Foreclosures! They played a huge part in bringing down the housing market and they’ve seemingly been hanging like dark storm clouds over the market ever since. And remember that ‘shadow inventory’? Millions of homes were going to drop out of the sky and flood the market at anytime. But the truth […]
The number of foreclosures in Georgia and Atlanta fell again in April versus the same time last year according to new numbers from RaeltyTrac. It’s a trend we’ve been seeing for awhile here at the Homes in Atlanta blog. Overall in Georgia foreclosures were down a whopping 42% from a year ago and 5% […]
Foreclosure notices in the Atlanta metro area fell to their lowest level in four years this month, which included a 30% drop from July to August. Some of the reason for the drop is a new law which tightens the documentation requirements for lenders that are processing the foreclosure. That may be a reason […]
We continue to see improvement in the Atlanta housing market and here’s another sign. Metro Atlanta foreclosures fell over 6% year over year in July (that’s July 2012 vs July 2011) according to this study from RealtyTrac. They also fell over 9% from June to July. This is no surprise to us because we’re seeing […]
The number of homes that were foreclosed on and the number of homes approaching foreclosure fell significantly last year according to this article from Real Estate Economy Watch and statistics from Corelogic. So great news, right ? well, let’s just wait. The numbers over the next four months will tell us more. Are foreclosures down […]
Wow, foreclosures decreased 34% in 2011 from 2010 according to a new report by RealtyTrac. It’s the fewest number of foreclosures since 2007. Now this doesn’t just mean that fewer owners are in distress. Some of the decrease is due to banks delaying foreclosure due to problems with paperwork and the robo-signing mess. There are […]
A new report from AJC.com shows here in Atlanta our housing recovery will take some time. We’re still working through all the foreclosures and short sales. These make up about 40% of current sales. But it’s a strange market, indeed. Currently there are only about 38,000 homes on the market in Atlanta. This is […]
This article from MSNBC really illustrates well the difficulties dealing with banks on loan modifications. I’ve helped clients with short sales and this story sounds all too familiar. Banks asking for documents, then asking for the same documents, then dragging their feet for so long that you now have to send them updated documents because […]
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