30310... will it ever be the same!?

I remember not too long ago when this zip code comprised of historic beautiful homes. Not too long ago this area flourished with home owners that were proud of the history this area possessed.

That was then, this is now!

My company works with home owners in dealing with pre-foreclosure issues. Needless to say, this area has had our company busy as ever! It's not to say we didn't see this coming. Last year the values in this zip code sky rocketed to heights unknown. I've seen sales prices that exceeded $300,000 consistently. How is it that lenders thought those values would be founded for this area of SW Atlanta?

The sad thing is most of these purchases were Investment deals. What sane person would buy a house for $300,000 (plus) and think it could be a rental property with Section 8 renters? I'm sure you all are nodding your heads at this point?!

Now we're are at this point in time. Almost every home is boarded up and Lenders are giving these homes away consistently below $100,000 as R.E.O's.

I can only hope that this area has some hope in the distant future. It's going to take a commitment from lenders, the community and prayer. But anythings possible....right?

This could be such a great part of Atlanta not too far from lovely Downtown and marked with the Grand History of Atlanta!