Georgia's Lake Country - Oconee & Sinclair
For those of you who are unfamiliar with this area I must say, you don't know what you're missing. This is truly one of the most beautiful areas in the southeast and with championship golf and a 5 star Ritz Carlton nestled up next to to local dairy farms.
There's definately something for everyone here. Million dollar lake front homes, starter homes, historic homes in various stages of remodel, doublewides on small acreage tracts and gentlemans' hunting tracts with the full gamut of lodge accomodations. It's here and we'll find it.
So far this area hasn't been as hard hit with foreclosures as nearby Atlanta, Gwinnett, Rockdale, & Henry counties. A few here and there and we are now seeing some activity in the condo sector. Many of this area's foreclosures have washed through the system as the subprime first exploded. There is still a steady stream of low-end subprime that investors are snapping up for rental. The million dollar lake front properties have been slower coming but there is more activity in this market now.
It's an interesting market here and never dull. If you are in the area look me up and referrals are cheerfully paid!
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Some time ago they listed two contracts at the FDIC web site to brokers to aid get rid of these assets, but to date from what I hear the FDIC has not given them one asset.
I called my Congressmens office to see if he had heard any rumor that was worth anything and his aid told me "everything is in flux".
I suggest looking at the FDIC web site. Sometime they list the name of the bank who was taken over and the person in charge. I will warn you they change that sites content all the time so maybe you will get lucky maybe not.
Thanks for connecting here on REO pro! Sounds like you're an experienced real estate pro, that is great to have you on board here.
This is a great site that Jesse has put together here, some really awesome resources. Be sure to check out the list that Jesse put together here at:
http://reopro.ning.com/page/partners-1
See you soon!
Regina P. Brown
Real Estate Broker, Realtor®, e-Pro
California Coast & Country
web: www.CaCoastCountry.com
Home Retention Consultant
book: www.Stop-Foreclosure-Fast.info