Temple center among foreclosures

By SARAH FAY CAMPBELL
sarah@newnan.com
The grocery-anchored shopping center on Temple Avenue is among April’s foreclosure legal advertisements.
It is one of 162 foreclosure-related advertisements in today’s edition of The Newnan Times-Herald. All properties are set to be sold on the steps of the Coweta Justice Center on May 1.
According to the listing, the foreclosure is related to a promissory note granted to Wachovia Bank on March 7, 2011, in the amount of $1,659,227. The owner is K.L. Enterprises Investment, L.P.
Also listed are three acres owned by Fischer Crossings Development Corp., and the strip center located at the intersection of Georgia Highway 34 East and Ruth Drive.

The Fischer Crossings property being foreclosed upon is on the same main tract as the Sam’s Club at Georgia Highways 34 and 54, but does not include the Sam’s Club property, or an additional half-acre tract on the parent tract.

According to the advertisement, the foreclosure is being done to secure a “balloon promissory note” dated April 19, 2011, in the amount of $1,832,143.

The Highway 34/ Ruth Drive shopping center is owned by Carlos Vargas, and the foreclosure is to secure a promissory note of $1.17 million.

Also included in the listings are two commercial properties that had been previously listed.

Springhill Suites, at 1119 Bullsboro Drive, was listed in February and March.

Property owned by Diplomat LLC, located behind Lowe’s between Bullsboro Drive and Lower Fayetteville Road and previously intended as a large shopping complex, was also listed in March.

Most of the remaining 162 foreclosures are single-family homes.

This month’s foreclosure total is down slightly from March 2012, when there were 164 listings, and it is up slightly from April 2011, when there were 159 listings.

MONTH-BY-MONTH LOOK AT LOCAL FORECLOSURES
• May 2011 — 183 (down from 198 in 2010, or -7.5 percent).
• June 2011 — 166 (down from 236 in 2010, or -29.6 percent).
• July 2011 — 153 (down from 178 in 2010, or -14 percent).
• Aug. 2011 — 211 (down from 253 in 2010, or -16.6 percent).
• Sept. 2011 — 120 (down from 199 in 2010, or -39 percent).
• Oct. 2011 — 154 (down from 237 in 2010, or -35 percent).
• Nov. 2011 — 242 (down from 307 in 2010, or -21 percent).
• Dec. 2011 — 155 (down from 199 in 2010, or -22 percent).
• Jan. 2012 — 199 (down from 217 in 2011, or -8.3 percent).
• Feb. 2012 — 165 (down from 227 in 2011, or -27 percent).
• March 2012 —164 (down from 235 in 2011, or -30 percent).
• April 2012 — 162 (up from 159 in 2011, or 1.8 percent).




More Business

Industry Spotlight

Yokogawa Corporation of America

How long has Yokogawa been in Newnan? Yokogawa Corporation of America moved its operations from New York to Newnan in 1980 and was among th ... Read More


Business Briefs

Naturopath speaking at BWFCC meeting Naturopathic Doctor Rachel Smartt will speak to the Business Women of Fayette and Coweta Tuesday, Oct. ... Read More


The importance of presence

Blue Moon owner talks vision and being available

Never forgetting who you are is always good advice. For Gay Koran, maintaining her identity has helped guide her success in the business rea ... Read More


Shared Wisdom

Elements of a Successful Campaign

From my 15 years of fundraising, listed below are lessons I have learned: FOLLOW THE PLAN Select a campaign chair--an influential, rainmaker ... Read More


Coweta celebrates Manufacturing Day

Coweta County industries and educators came together again as part of National Manufacturing Day to explore ways of promoting modern day man ... Read More

Manufacturing Day

Keeping Coweta’s workforce ready

As of early 2014, Coweta County’s manufacturers employed 5472 people. Service industries, including healthcare, retail trade, food ser ... Read More