51 May foreclosures include mobile home park
by Sarah Fay Campbell
Coweta County foreclosure numbers continue to be extremely low.
In today’s edition of The Newnan Times-Herald, there are just 51 foreclosure-related advertisements. That number is slightly down from April’s 56, and just over March’s 49, which was the lowest number since at least 2005.
Current records only go back to 2006. The properties listed are set to be sold on the steps of the Coweta Justice Center Tuesday, June 3, starting at 10 a.m.
However, in some cases, issues are resolved before the sale actually takes place. There are two commercial properties listed, as well as the Sweetbriar Mobile Home Park in Palmetto.
Twenty-one Jackson Street in downtown Newnan is listed. The house, which was most recently 21 Madison Design Studio and was Gus’s Jackson Street Grill for many years, is owned by Avondale Jackson II LLC. The advertisement states that the original principal amount of the loan was $450,000.
The other commercial listing is for a section of Ashley Park. The same advertisement has run several times in the past few months.
The Sweetbriar Mobile Home park is located off Tingle Lane, near Interstate 85, and is adjacent to the South Oaks Mobile Home Park.
The rest of the advertisements are for residential properties.
Home prices continue to rise, according to property information and analytics provider CoreLogic.
Nationwide, home prices in March increased 11.1 percent over March of 2013, and 1.4 percent over February. Georgia is listed as one of the top five states for home price appreciation when “distressed sales” are included.