Trans Union has reported that late payments on mortgages have dropped nationwide in the first quarter. The first time since 2006. The delinquency rate dropped from 6.89 to 6.77 percent. Still high from a year ago when the percentage was reported at 5.22. Trans Union is estimating the figure to drop even further to around 6.3%. This is a good indication that we are on the path of recovery. Other great indicators for the county include builders snatching up foreclosed developments. One of the most popular to date is the subdivision off Melody Mizer in South Forsyth that was built on top of an inert landfill. If you do not remember, the site was tested and reported high explosive levels of methane gas. Right now a developer is working with the county and the bank to purchase the property and clean it up. A huge bonus for the area. Activity has for sure increased in Forsyth County. Currently there are 449 homes pending closing. Thats a lot of homes. So turn off your tvs and listen to the experts that are great things happening all around us.
Its a great time to buy a home. We are commited to working for you. Contact us today to learn how we can possibly save you thousands off the purchase of your next home. Its going to be a hot one this summer in Atlanta/Cumming Ga. Time to Sell? Ask about our free home warranty program.
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