We live in a small town , so our newspaper is only published once a week. At the back of the paper every week is the listing of foreclosures.
I live in the North Georgia mountains and it is a very pretty place to live. We have a lot of move up people coming here from Atlanta and from Florida. About 5 years ago, the housing boom really took off up here.
Because you did not have to be licensed to be a builder, everyone became builders! WE have about 500 subdivisions, or more, in out small county of population 19,000. (up from 7000 20 years ago)
The list of foreclosures started about 1 1/2 ago and every week it seems to get longer and longer.
I am amazed at how many names I recognize in the paper. I feel so sorry for them. Many of the names are of prominate business people.
I was hopping that things would be better by now, but I read a magazine article that says things will get even worse in 2011 because many arm mortgages will get reset to a higher rate in 2011.
I can't tell you how much safer I feel, having a paid for house.
foreclosures
April 18th, 2010 at 07:22 pm
April 18th, 2010 at 07:35 pm 1271619316
April 18th, 2010 at 08:52 pm 1271623964
April 19th, 2010 at 02:52 am 1271645556
April 19th, 2010 at 01:51 pm 1271685097