Foreclosures up from January listings

By SARAH FAY CAMPBELL
sarah@newnan.com
A commercial outparcel in the Newnan Station development, owned by Outmed LLC, is one of the properties listed for sale on the courthouse steps in the foreclosure advertisements running in today's legal section of The Newnan Times-Herald. 
The 1.0775-acre tract includes outparcels E and F in Newnan Station, according to the foreclosure advertisement. It is being sold to satisfy a debt of $875,000 contained in a security deed issued Nov. 24, 2003. 
There are 166 foreclosure-related advertisements for February. That's a significant jump from the 115 advertisements in January, and it's the second month of rising numbers after a steady decrease that began in October 2012.
This month's 166 foreclosures is the highest monthly total since July 2012, and one more than February 2012.
There are some commercial foreclosures that are re-runs from previous months, including property at the Newnan-Coweta Airport at Whitlock Field owned by Fourth Quarter Properties, the company of developer Stan Thomas; the AAMCO transmission shop on Tower Place owned by Nel-Pad and Subsidiaries; and multiple lots in the Summerlin and Woodland Oaks subdivisions owned by Lichty Brothers Commercial Construction. 
Another notable foreclosure involves several lots in various subdivisions, being sold to secure a $2 million debt of The Chattahoochee Mortgage and Investment Corporation. The security deed was dated June 28, 2011. The advertisement includes lots in the Mineral Springs, Avondale, and Belmont Park subdivisions.
.........................
COWETA FORECLOSURE LISTINGS DURING PAST YEAR
• March 2012 - 164 (down from 235 in 2011, or -30 percent).
• April 2012 - 162 (up from 159 in 2011, or 1.8 percent).
• 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 in 2011, 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) 
(Source: The Newnan Times-Herald legal advertising department.)



More Local

Is former city manager back in the running in Grantville?

Johnny Williams is back in the hunt to reclaim his old job as Grantville city manager. The move to rehire Williams might prove difficult as ... Read More


UPDATE

Body in creek: No sign of foul play

After a preliminary investigation Friday, authorities do not believe Willie Jerel Stargell’s death was a homicide. On Thursday, Starge ... Read More


Locals react to new take on Cuba

On Wednesday, President Barack Obama announced his plans to renew and normalize relationships between the Unites States and Cuba. Although U ... Read More


First Fill the Stocking checks presented

The first checks for the Fill the Stocking campaign for 2014 have been presented – helping to meet needs of families and children duri ... Read More


Schools ask for input on 2016-2017 calendar

The Coweta County Board of Education is seeking public input and comment for the revisions to the proposed 2016-2017 school calendar. The pu ... Read More

Christmas gift ideas at local businesses

Looking for the perfect present? Look no further than Coweta’s small businesses. They offer great gifts at affordable prices. Here&rsq ... Read More