Cobb foreclosures down 10% from Nov. 2011
by Geoff Folsom
October 12, 2012 12:57 AM | 2501 views | 1 1 comments | 8 8 recommendations | email to a friend | print
MARIETTA — Cobb County continues to see a decline in foreclosures compared to last year.

Listings indicate 924 houses are set to go up for auction on Nov. 6, down 10 percent from the November 2011 auction’s 1,031. Overall, the 9,755 foreclosures so far this year in Cobb are down 17 percent from the 11,740 reported at this time in 2011.

The foreclosure auction begins at 10 a.m. on the first Tuesday of each month on the steps of the Cobb Justice Center.

Legal notices must be published for four consecutive Fridays before a property can be sold at auction. Not all properties advertised end up at auction.

In September, Georgia ranked sixth in the United States for foreclosures with 7,691, according to the RealtyTrac foreclosure market report. Cobb had the second most foreclosures in the state for the month, behind only Fulton County, according to the report.

Christi Trombetti, an agent with Keller Williams Atlanta North Realty in east Cobb, said she is noticing sales picking up, particularly for homes priced under $150,000 that are in good condition.

“If the kitchen is already up to date (and) the house doesn’t appear to need any work, it may move better than one that may be a perfectly good house but it doesn’t have the ‘wow’ factor,” she said.

Trombetti, a member of the Cobb Planning Commission, said several zoning cases have recently come before the panel in which developers want to build new homes in the Pope, Walton and Lassiter high school attendance zones in east Cobb.

“It’s kind of the same with resale homes, not that there aren’t great homes in other school districts,” she said.
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October 12, 2012
We've already had a foreclosure in Willow Point Subdivision in Walton district and now they are wanting to change the covenant again so they can control work on property, tenants and pets etc..With all the people unable to sell their homes, why a few controlling people would want to take homeowners freedom away when home values have dropped a third of their value is beyond me. There is going to be even more foreclosures if the subdivision doesn't stop treating the residence like an apartment complex.
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