Foreclosures, Frustration Define Clayton’s Market

[Oscar Knight]

"Foreclosures, frustration define Clayton’s market"

Dec. 20, 2010

www.ajc.com/news/news/local/atlanta-property-taxes-foreclosures-frustration-de/nQn4r/

[Oscar Knight]

Underwater Property Values In Clayton County

.....Clayton County is rated on the High Mark as # 7 in the Nation, out of 386 other counties. Homes in Clayton County has reached a all time low, since I have been living here in 1973. The investment of buying a home in Clayton County, at dirt cheap prices, might not be worth the money & labor to invest.

www.usatoday.com/money/economy/housing/2011-02-04-under-water-chart_N.htm

"Clayton County is Seventh-Worst in the Nation"

(WSB Radio) -- A new survey shows just how bad the mortgage crisis has become in Georgia. Three of the nation's hardest hit counties are just outside Atlanta.
Clayton County is seventh-worst in the nation when it comes to people whose mortgages are higher than their homes are worth.

wsbradio.com/localnews/2011/02/metro-counties-hit-hardest-by.html

...The poor economy had nothing to do with the high foreclosure rates in Clayton County !!!

....At Least Clayton County is Prospering as a bottom feeder in our State and Our Nation !!!!


...Is this is how our mortgage crisis began in Clayton County, Ga. ?

How HUD Mortgage Policy Fed The Crisis

www.washingtonpost.com/wp-dyn/content/article/2008/06/09/AR2008060902626.html

Minority Subprime Borrowers

October 2002

www.consumersunion.org/finance/minority-rpt1002.htm

......I can only wonder how many of these new homeowners could actually comprehend the words, on these contracts, that they was signing and agreeing to.