I recently had a question from a seller in a neighborhood with a lot of foreclosures on how to help improve the situation. I thought would share the response with you:
Communities that have high involvement of neighbors tend to have a slightly lower rate of foreclosure. Get organized and get involved with the HOA. You can get the word out that there are other options.
CNN recently stated that every foreclosures is 1% hit on your property’s value. So you have incentive to help out.
You can direct them to good connected Realtors who might refer them to loan modification programs, or short sales (which hurt everyone but not as bad as a vacant foreclosures).
Some things are inevitable, but keeping up your home and helping others is a great way to build your community.
You can search for all the foreclosures in Georgia at my website.
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