Sprawl Begets Foreclosure

Apropos of recent debates about suburban sprawl — do we encourage it through bad incentives or are the suburbs just gosh darn nice places to liveThe New York Times reports on rising home foreclosures in Atlanta (albeit, without mentioning the area’s runaway growth, acknowledged by just about everyone concerned about contemporary cities, even Georgia’s former governor, Roy Barnes).

There’s been a 212 percent increase in forclosures in Atlanta’s Fulton County, and 13 counties in the metro region have been in violation of the Clean Air Act. It’s a landscape bad for pocketbooks, bad for the environment, and great for the auto and oil industries.

2 thoughts on “Sprawl Begets Foreclosure

  1. John

    Hi, nice blog. Pretty informative. But,before you start signing papers with a broker, it is important to discuss fees. Brokers work on a commission basis and often receive lender fees. The broker is usually paid by the buyer or lender. You can pay the broker with cash, rebates, or proceeds from your loan. The fees are added to your total amount.

    thanks, john http://www.thejohnbeck.tv

  2. John

    Once homeowners start missing payments on the old house, the foreclosure process will start (especially if they planning on letting it go into foreclosure and are doing nothing to gain foreclosure advice or seek out options to save their home). The bank will sell the house at a sheriff sale, and the new owners will be able to evict the foreclosure victims and anything that is left in the old house. Purchasing a new house after this process has begun will be impossible due to the foreclosure status of the old house and the negative effect on one’s credit after several mortgage payments go unpaid.


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