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Weldon Road property at I-85 among foreclosures

by Sarah Fay Campbell

There are 108 foreclosure related advertisements in today’s edition of The Newnan Times-Herald — the second lowest since July 2007. 

There were 102 foreclosure-related advertisements in December, but December numbers tend to be artificially low, as many banks tend to cease or at least slow down foreclosure actions during the Christmas season. 

An 81-acre, commercially-zoned tract on Weldon Road at Interstate 85 in Palmetto is among the properties listed. 

The property was originally foreclosed in December 2009, when United Community Bank acquired it from Weldon Park Investors. The original owners had planned a commercial development on the property.

The current owners, Asset Holding Company 4 LLC, bought the property from the bank on April 30, 2010. 

Another foreclosure in the Palmetto area is the 2-acre tract at 19 Johnston Circle in the North Coweta Industrial Park owned by LSB Holdings LLC. 

Other properties include the apartments at 204 Jackson Street and 9 Dixon Street owned by Wood Properties and Investments, and several lots in The Preserve subdivision owned by The Knight Group and Knight Development Inc. 

...................

Foreclosure numbers for Coweta County over the last year are:

• May 2012 - 214 (up from 183 in 2011, or 16.9 percent).

• June 2012 - 185 (up from 166 in 2011, or 10 percent).

• July 2012 - 224 (up from 153 in 2011, or 46 percent).

• Aug. 2012 - 160 (down from 211 in 2011, or 32 percent).

• Sept. 2012 - 163 (up from 120 in 2011, or 35 percent).

• Oct. 2012 - 165 (up from 154 in 2011, or 7 percent).

• Nov. 2012 - 140 (down from 242 in 2011, or -58 percent)

• Dec. 2012 - 102 (down from 155 last year, or -34 percent)

• Jan. 2013 - 115 (down from 199 in 2012 or -57.8 percent)

• Feb. 2013 - 166 (up from 165 in 2012, 0.99 percent)

• March 2013 - 178 (up from 164 in 2012, or 7.9 percent)

• April 2013 - 108 (down from 162 in 2012, or -33 percent)

(Source: The Newnan Times-Herald legal advertising department.)



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