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Fulton County to Host a First Time Homebuyer Session

Fulton County to Host a First Time Homebuyer Session

COLLEGE PARK, Ga. -- First time homebuyers can learn the best strategies for buying a home during a workshop on Tuesday, Apr. 28.

The 6:30 p.m. workshop will be held in the College Park Branch Library located at 3647 Main Street. Topics to be discussed include:

• Fulton County Home Ownership Program
• What is needed to purchase a home

For more information, contact Audra Pender at 404-612-3024 or Audra.Pender@fultoncountyga.gov.

Citizens in need of reasonable accommodations due to a disability including communications in an alternative format should contact the Disability Liaison in the Department of  Housing and Community Development at (404) 613-7944. For Georgia Relay Access, dial 711.

First-time home buyers' information session on Oct. 7

First-time home buyers' information session on Oct. 7

COLLEGE PARK, Ga. -- The Fulton County Housing and Community Development Department will host a first-time home buyer information session on Tuesday, Oct. 7 at 6:30 p.m.

The session will be held in the College Park Branch Library located at 3647 Main Street in College Park.  Participants will learn about the Fulton County Home Ownership Program and requirements that must be met to purchase a home.

For more information, contact Audra Pender at 404-612-3024 or email audra.pender@fultoncountyga.gov.

Citizens in need of reasonable accommodations due to a disability including communications in an alternative format, please contact the Disability Liaison in the Department of Housing and Community Development at (404) 613-7944 at least 48 hours in advance.  For Georgia Relay Access, dial 711.

For more information, call 404-613-7944.

Fulton County to Host Information Workshop for Future Homeowners

Fulton County to Host Information Workshop for Future Homeowners

Fulton County residents with dreams of owning a home are invited to attend a “Do You Dream of Owning Your Own Home?” information session on Tuesday, June 26, 2012.  Future homebuyers can learn more about all eligibility requirements of the Home Ownership Program (HOP) and the Neighborhood Stabilization Program (NSP).  The workshop hosted by the Department of Housing and Human Services Office of Housing and Community Development will be held from 6:30 p.m. – 7:30 p.m. at the South Fulton Service Center.  The Service Center is located at 5600 Stonewall Tell Road in College Park, Georgia 30349.

Fulton County to Host Information Session on How to Prevent Foreclosure

Fulton County to Host Information Session on How to Prevent Foreclosure

November 16 Workshop is the final information session for 2011

Fulton County residents can take advantage of the final information session for 2011 on how to save their homes from foreclosure.  An information workshop will be held Wednesday, November 16, 2011, at the Southwest Branch of the Atlanta- Fulton County Public Library from 1:00 p.m.

Fulton Co. hosting foreclosure prevention fair Sept. 24

Fulton Co. hosting foreclosure prevention fair Sept. 24

ATLANTA -- The Fulton County Department of Housing and Human Services' Office of Housing and Community Development are hosting a foreclosure prevention fair on Saturday, Sept. 24.

The fair will be held at Atlanta's Westlake High School from 9 a.m. to 4 p.m. Counselors will be on hand to provide foreclosure counseling and assistance. The counselors will help homeowners assess their current situation and determine if the homeowners qualify for the Obama Administration's Making Home Affordable program.

The Making Home Affordable program helps homeowners get refinancing or loan modifications to help them stay in their homes.

Participants need to bring two copies of the following documents to obtain assistance at the fair:

Metro Atlanta foreclosure rate 16th highest in nation

Metro Atlanta foreclosure rate 16th highest in nation

ATLANTA -- Metro Atlanta's foreclosure rate slowed by the middle of 2011, but remains among the metros with the highest rates.

Atlanta had 44,1560 foreclosure filings from January through June, down about 16 percent from the first half of 2010. This gave Atlanta the 16th highest rate of foreclosures, according to RealtyTrac, which publishes the largest list of foreclosures in the country.

The company defines a foreclosure as default notices, scheduled auctions and bank repossessions. 

Real Estate has a Long Road to Recovery

 

The next years of real estate are not going to be positive for homeowners. In fact, it’s estimated that in 2012 over 60% of all home sales will be foreclosures or short sales. This means that the banks will control the pricing of more than half the real estate market and we can expect continued declining values. This idea may not sit well with many after the mortgage meltdown and moral hazard issues we had over the past five years.

Further, we at Sellect Realty believe that it will be another five to seven years before we see home values near their previous peaks and then we expect a plateau for several years to follow before growth. Currently our market is still declining. Despite month-over-month gains we have had another drastic decline in home values over the past 12 months. According to the recent statistics released by Realtor.com the average listing price decreased by 11.42% from June 2010 to $250,933.