Mon., April 15, 2013 9:00am
Nationwide data compiled by Zillow identified the worst 1 percent of ZIP codes for mortgage debt exceeding home value. Georgia has nearly a quarter of the ZIP codes. Michigan is second. Many of the Georgia ZIP codes make a crescent around Atlanta's southern flank.
Thu., December 20, 2012 4:03pm
A tax exemption for struggling homeowners could expire at the end of the year. The Mortgage Forgiveness Debt Relief Act keeps the I-R-S from taxing mortgage debt a lender forgives. According to Realty Trac, 31 percent of Georgia property owners owe more on their loans than their property is worth.
Thu., December 6, 2012 5:02pm
Georgia led the nation in foreclosures during the three months that ended Sept. 30. That’s according to data released Thursday by RealtyTrac, which monitors defaults. Experts say many Georgians lose their homes as they try unsuccessfully to re-negotiate their mortgages.
Mon., August 6, 2012 11:58am
A court ruling in Georgia could force those foreclosing on homes to disclose who actually owns the loan. The ruling last month said that the name of the owner of a mortgage must appear in foreclosure filings and notices sent to delinquent borrowers.
Mon., July 2, 2012 4:09pm
A state law that went into effect on Sunday allows cities and counties to set up vacant and foreclosure property registries. They’re a tool for tracking down owners of neglected properties.
Thu., June 14, 2012 3:48pm
Georgia is now first among states in foreclosures. The online service RealtyTrac says, the state leaped into the top spot in May with about one-in-six-hundred homes in foreclosure. Atlanta is second among metro areas only to Riverside, California. Tom Merkel of the non-profit housing consultancy The Impact Group says, the data comes as banks step up efforts this year to collect on unpaid mortgages.
Wed., June 13, 2012 7:10pm
This week the Federal Reserve reported families’ median net worth fell almost 40% between 2007 and 2010. The Fed reports the biggest contributor to the drop in family net worth was the housing collapse. It hit middle income families the hardest.
Thu., May 31, 2012 10:01am
Sales of foreclosed homes accounted for nearly half of all home sales in Georgia during the first three months of the year. That’s according to a report that found foreclosures are on the rise following a moratorium last year.
Thu., May 17, 2012 3:06pm
A new analysis by credit counseling group CredAbility found Georgians are still struggling with high unemployment and low home values, and only people in Nevada feel more stretched financially than we do.
Thu., April 12, 2012 10:00am
For the first quarter this year, Georgia had more than 34,000 foreclosure filings. That means one in every 119 homes in the state has a filing now. Both numbers are in the top 10 in the nation.