Foreclosures down in Metro Atlanta




Information provided by Data Intelligence Corporation

  The chart above shows data for the metropolitan Atlanta area.  It charts the number of properties involved in foreclosure notices; the number of foreclosures; and the number of bank-owned sales. 

As you can see, the number of foreclosure notices as well as the number of foreclosures is down dramatically from a high of 12,739 and 6,097, respectively, compared to September of last year.  

Trash to treasure in one easy loan

This home was dirty and had been stripped! It was missing the entire kitchen, the 2 AC compressors, 17 interior doors, one furnace, the pull down attic stairs, lots of electrical fixtures, 1/2 of the master bath vanity, the hall bath vanity. And, it had termites.

YOU DID WHAT?!?! Five ways to disapprove your own mortgage

As most of us know, there are several basic criteria that are used to approve or disapprove a mortgage application. These include income, employment history, credit rating, debt-to-income ratio, property appraisal, etc. In metro-Atlanta, the typical mortgage application takes 3-6 weeks to process and, during this period, it is crucial that borrowers fully understand the process. If they don’t, they could inadvertently undermine their own application. Here’s how.

There are three principal players at the mortgage company – the loan officer (or mortgage originator), the loan processor and the underwriter. The loan officer takes the initial mortgage application from the borrower, reviews the credit report and other basic qualifications, provides information regarding loan programs, interest rates, etc. and advises the buyer of their loan options.

Once the application is complete, the packet is passed to the loan processor. This person is responsible for verifying information provided by the borrower, analyzing documentation, obtaining missing documents and generally ‘packaging’ the file. When the file is fully ‘packaged’, it is then sent to the underwriter.

The underwriter represents the final, and sometimes the most difficult, hurdle in the process. While all lenders want to lend (after all, it’s how

MCDonough



McDonough Courthouse with
Park in the Square in foreground.

 McDonough has matured to become one of the largest cities in Henry County. It is a city in which to live, work, play and worship. We are proud of our excellent schools, medical facilities (Henry Medical Center and a plethora of specialists located a stones throw from the hospital) and outdoor activities for the entire family. McDonough is also honored to have been designated as a "City of Character" and a City of Ethics" by the Georgia Municipal Association.

Strolling through the historic "square", you will find quaint shops as well as fantastic restaurants. Don't miss the annual Geranium Festival in May!



Henry County Justice Center
built in '2007



McDonough is the county seat for Henry County and is the location for our county courts.

 









McDonough City Hall - built in about 2005



Just off the McDonough Square,  you'll find the City of McDonough city hall.  One thing's for sure, a trip to the McDonough Square and it's surrounds will yield a ton of great and useful places to visit!

There are three outstanding golf communities in McDonough, Cotton Fields, Lake Dow and Eagles Landing (the former home of the ladies LPGA).  Check back for pictures of these areas.

McDonough is served by two zip codes - 30252 and 30253.

To find your dream home in the north-east part of McDonough, click here

To find your dream home in the southern part of McDonough, click here