The listed below details is reprinted by approval. It is the special copyrighted residential or commercial property of the Fulton County Daily Report, Incisive Media © 2008. All rights booked.

Foreclosure notices might appear tough to read and even more difficult to comprehend. In truth they include details homeowners, areas, property buyers and investors need to know. Monthly, as Fulton County’s official legal paper, the Daily Report releases hundreds upon hundreds of foreclosure notices.

How Foreclosure Works
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When a person borrows money to purchase property, such as a home or condominium, the loan is called a mortgage and needs monthly payments. In Georgia, if the residential or commercial property owner falls behind in making those payments, the loan provider can step in and sell the house at auction to settle the debt. Doing so is understood as foreclosing on a residential or commercial property.

These auctions take location the first Tuesday of on a monthly basis (or the first Wednesday if the first Tuesday falls on a holiday) in between 10 a.m. and 4 p.m. on the steps of the county courthouse. For residential or commercial property situated in Fulton County, the auctions take location in downtown Atlanta on the front steps of the Fulton County Courthouse at 136 Pryor Street.

Georgia law allows loan providers to carry out an auction without needing to go before a judge on one condition: The loan provider needs to provide the debtor - and the general public - proper, legal notice of its strategies to foreclose. Proper notification indicates marketing in the county’s official legal paper. In Fulton County, that official newspaper is, naturally, the Daily Report. The loan provider must promote its intent to foreclose once a week for the four successive weeks leading up to the “very first Tuesday” sale date. To auction off a residential or commercial property the very first Tuesday of March, for instance, a lender needs to have published a foreclosure notification throughout each of the 4 weeks of February.

How to Use the Information

Residential Or Commercial Property Owners: Protect Your Interests During the weeks leading up to the court house auction date, many residential or commercial property owners are able to work things out with their lending institutions, seek insolvency security or line up other arrangements to prevent the bank from selling their homes. If your loan provider has actually begun foreclosure procedures versus your residential or commercial property, these listings supply you with an e alert - over and above the official notice published completely in the Daily Report - to take action. Neighbors: Know What’s Going On Use these listings to stay notified about your area. By law, and for important factors of public policy, foreclosure notices are for the public to see. They can inform you whether you have a neighbor in requirement. They can help respond to questions you might have about abandoned or improperly kept residential or commercial property near you. They can offer you insights into residential or commercial property worths in your community. Indeed, a foreclosure happening in your neighborhood can impact your own residential or commercial property worths. Homebuyers, Investors: Find a Bargain Foreclosure notifications offer important result in prospective homebuyers and real estate financiers. Houses facing foreclosure typically opt for deal costs. These listings, organized by postal code and street address, can help you spot those prospective bargains. The summary details, of course, is simply a starting point - a lead for you to act on with your own research study and initiative. In addition to bidding for a house on the court house steps, there are methods to buy the residential or commercial property in advance of foreclosure by dealing directly with the loan provider’s attorney or the residential or commercial property owner, both typically noted on this web site. But be warned: Buying a home dealing with foreclosure is not for the faint of heart. In general, you must purchase the residential or commercial property as lacks chance for inspection. You have to pay with money or certified check. And all sales are final. To state the least, make certain you do your homework, do a complete title search, speak with an expert and, above all else, reconsider. Lenders: Protect Your Interests Many residential or commercial properties are subject to more than one loan, such as a home equity loan or 2nd mortgage. If the loan provider holding the first mortgage offers the residential or commercial property off at foreclosure, the rights of the secondary lenders might well be eliminated. If you have actually lent someone money against his or her residential or commercial property, or if you hold a lien, these listings supply you with an e alert - in addition to the main notice released completely in the Daily Report - so that you can take action to safeguard your interests.

Words of Caution

Neither the Daily Report nor The Atlanta Voice is accountable for any errors or omissions in these listings. The information appearing on this web website is neither main nor complete, however simply an abstract of the very first - run foreclosure notifications appearing in the Daily Report. For the complete and main notification of foreclosure, consult the printed Daily Report. Information in the official notifications comes straight from the loan providers without any independent verification. These listings do not include any subsequent cancellations or subsequent corrections loan providers might have made to their notifications.

Even if a residential or commercial property is promoted for foreclosure does not necessarily indicate it remains in foreclosure or that the owner is in defaults. Some notifications result from misunderstandings. Oftentimes matters are exercised (or stopped) well in advance of the auction date but after the notification has been submitted for publication. Even if a residential or commercial property isn’t noted here doesn’t imply it’s not in foreclosure. Again, these listings are by no indicates the official notification.

The person listed as owner may not always be the present victor. Mortgage value info merely reflects the amount of the original loan amount as listed in the foreclosure notice, not the balance due and not the value of the residential or commercial property.

Neither the Daily Report nor The Atlanta Voice is accountable for any investment decisions based upon this details. Neither do they make any representations regarding title or the existence of any liens or encumbrances. Readers of these listings should do their own research and consult a estate, legal or investment specialist.