Swamped mortgage holders prolong metro Atlanta’s real estate slump (Atlanta Journal-Constitution)
Random Feed wrote an interesting post today on
Here’s a quick excerpt
Last March, investor John Clark approached a lender with a $110,000 offer for a potential rental property in Stone Mountain. “They said ‘we are working on it, we are working on it,’” Clark said. “For whatever reason they could never get it together.” The mortgage holder eventually foreclosed.
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