Carl Martens's (carlhmartens) Blog

Chimney Lakes The Chimney Lakes community consists of 350 + homes which are located in East Cobb, Georgia. The community physically resides in Cobb County, but has a Roswell address. As such, residents have lower property taxes and have access to the premium rated schools in East Cobb: Shallowfo...

Each week we're planning to provide an example of a successful short sale in metro Atlanta. They come in all shapes and sizes. For the homeowner, it means avoiding foreclosure and being able to move on with their life without the damage that foreclosure can cause. 2006 Kensington Green Drive, Smy...

Vinings Pointe is a highly sought after swim/tennis neighborhood in Smyrna Vinings. You'll love this brick tradtional with open floor plan and lots of natural light. Potential Short Sale! Wonderful brick traditional home in highly sought after swim/tennis neighborhood in Smyrna Vinings. The home...

Aaron Hofmann | Keller Williams | 770-653-9601 1208 Bickham Way, Smyrna, GA Updated Brick Traditional in Popular Swim/Tennis - Potential Short Sale 4BR/2.5BA Single Family House offered at $300,000 Year Built 1999 Sq Footage Unspecified Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 2 C...

Foreclosure rates in metro Atlanta range from 9.9 percent in Clayton County to 3.7 percent in Cobb County, according to HUD. By the Numbers NSP Allocation; Local foreclosure rate; Local abandonment risk; Statewide foreclosure rate Georgia total; $77,085,125; 5.2%; Medium; 5.2% Atlanta; $12,316,08...

Atlanta is among the nation’s hardest-hit markets for foreclosures according to a Harvard University scholar.  The large numbers of subprime loans, extensive mortgage fraud, and large quantities of housing stock are the identified causes of this current increase. Mark Duda, the Harvard researcher...

One of the best guides to the danger ahead is Whitney Tilson. He’s an investment fund manager who has made such a name for himself recently that investors, who manage about $10 billion, gathered to hear him last week. Tilson saw, a year ago, that sub-prime mortgages were just the start. “We had t...

Up until recently, homeowners who are upside down on their mortgage had little recourse other than foreclosure. That’s not a good option because a foreclosure remains on your credit record for at least 10 years. To avoid going into foreclosure, many experts are now advocating a short sale.  In a ...

The home mortgage crisis is spreading across Georgia like wildfire as the state’s economic woes get worse. One in eight Georgia mortgage holders were either behind on their payments or in foreclosure in the fourth quarter of 2008, according to a survey released Thursday by the Mortgage Bankers As...

If you’ve watched the 60 Minutes video on our website titled, The Mortgage Meltdown you understand what an Option ARM is.  For those that haven’t, its quite simple.  Thousands of mortgage loans were set with initial interest rates as low as 1%, but these rates were set to later reset at higher ra...