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The listed below information is reprinted by authorization. It is the special copyrighted residential or commercial property of the Fulton County Daily Report, Incisive Media © 2008. All rights reserved.

Foreclosure notices may seem hard to check out and even more difficult to understand. In they include details property owners, areas, property buyers and investors require to understand. Each month, as Fulton County's official legal paper, the Daily Report publishes hundreds upon hundreds of foreclosure notices.

How Foreclosure Works

When a person borrows cash to purchase property, such as a home or condo, the loan is called a mortgage and requires monthly payments. In Georgia, if the residential or commercial property owner falls back in making those payments, the lender can action in and sell your house at auction to settle the financial obligation. Doing so is called foreclosing on a residential or commercial property.

These auctions take place the very first Tuesday of on a monthly basis (or the first Wednesday if the first Tuesday falls on a vacation) between 10 a.m. and 4 p.m. on the actions of the county courthouse. For residential or commercial property situated in Fulton County, the auctions take place in downtown Atlanta on the front actions of the Fulton County Courthouse at 136 Pryor Street.

Georgia law enables lending institutions to perform an auction without needing to go before a judge on one condition: The lending institution must provide the borrower - and the general public - appropriate, legal notice of its strategies to foreclose. Proper alert indicates advertising in the county's main legal paper. In Fulton County, that official paper is, of course, the Daily Report. The loan provider must promote its intent to foreclose once a week for the four consecutive weeks leading up to the "first Tuesday" sale date. To auction off a residential or commercial property the first Tuesday of March, for instance, a loan provider must have published a foreclosure notice during each of the four weeks of February.

How to Use the Information

Residential Or Commercial Property Owners: Protect Your Interests During the weeks leading up to the courthouse auction date, numerous residential or commercial property owners are able to work things out with their lenders, seek personal bankruptcy protection or line up other arrangements to avoid the bank from selling their homes. If your lender has actually begun foreclosure procedures against your residential or commercial property, these listings supply you with an e alert - over and above the official notice published in complete in the Daily Report - to take action. Neighbors: Know What's Going On Use these listings to remain informed about your neighborhood. By law, and for crucial factors of public law, foreclosure notifications are for the general public to see. They can inform you whether you have a next-door neighbor in need. They can assist respond to questions you might have about abandoned or poorly maintained residential or commercial property near you. They can offer you insights into residential or commercial property values in your neighborhood. Indeed, a foreclosure taking place in your community can impact your own residential or commercial property values. Homebuyers, Investors: Find a Bargain Foreclosure notifications provide important leads to prospective property buyers and real estate investors. Houses dealing with foreclosure typically go for bargain rates. These listings, arranged by postal code and street address, can help you identify those prospective deals. The summary information, obviously, is just a beginning point - a lead for you to act on with your own research study and effort. In addition to bidding for a home on the courthouse steps, there are methods to purchase the residential or commercial property in advance of foreclosure by dealing straight with the lender's attorney or the residential or commercial property owner, both typically listed on this web website. But be cautioned: Buying a home facing foreclosure is not for the faint of heart. In general, you should purchase the residential or commercial property as is without chance for evaluation. You have to pay with cash or licensed check. And all sales are last. To say the least, ensure you do your homework, do a complete title search, talk to an expert and, above all else, think twice. Lenders: Protect Your Interests Many residential or commercial properties are subject to more than one loan, such as a home equity loan or second mortgage. If the loan provider holding the first mortgage offers the residential or commercial property off at foreclosure, the rights of the secondary lending institutions might well be cleaned out. If you have lent someone money versus his/her residential or commercial property, or if you hold a lien, these listings offer you with an e alert - in addition to the official notice published completely in the Daily Report - so that you can take action to protect your interests.

Words of Caution

Neither the Daily Report nor The Atlanta Voice is accountable for any errors or omissions in these listings. The details appearing on this web website is neither main nor complete, but merely an abstract of the very first - run foreclosure notifications appearing in the Daily Report. For the total and official notice of foreclosure, consult the printed Daily Report. Information in the official notifications comes directly from the lenders with no independent confirmation. These listings do not include any subsequent cancellations or subsequent corrections lending institutions may have made to their notifications.

Just due to the fact that a residential or commercial property is marketed for foreclosure does not always indicate it is in foreclosure or that the owner is in arrears. Some notices arise from misunderstandings. Oftentimes matters are worked out (or stopped) well in advance of the auction date but after the notice has actually been sent for publication. Just due to the fact that a residential or commercial property isn't listed here doesn't imply it's not in foreclosure. Again, these listings are by no indicates the official notice.

The individual listed as owner might not necessarily be the present title holder. Mortgage worth details merely reflects the amount of the original loan amount as listed in the foreclosure notice, not the balance due and not the worth of the residential or commercial property.

Neither the Daily Report nor The Atlanta Voice is accountable for any financial investment decisions based on this info. Neither do they make any representations relating to title or the existence of any liens or encumbrances. Readers of these listings must do their own research and seek advice from a realty, legal or financial investment professional.