Winder, GA

Property land and bank auction-100 acres of land: Borrow County, Ga. PROPERTY: Land to be sold absolute at a bank auction of over 100 acres of land in Barrow County, Ga. The bank ordered the auction of 100 acres of land has waterfront and river access. The property is located in the North East Section of Barrow County, Ga. with a high hilltop in the middle of the property. Land in this section of Georgia is perfect for cattle farms or you can build a nice country home with a barn already on the property. Lots of road frontage with fencing along Double Bridges Road. Call the Auctioneers. Farms in this community with 100 acres of land or more is harder to com by than in other parts of Georgia. Property and Land will be offered divided with high bidder having the choice to pick which part of the farm they desire. In the last 60 days activity has continually increased with Auction Day drawing near. The final day will be June 11th and the Auction will start at 10 AM and the Auctioneers will be on site in Barrow County on Double Bridges Road. Prime opportunity to buy land ay Auction and pay the price you want. Excellent Real Estate Investment---

Are ABSOLUTE Real Estate Auctions REAL? Farms sale at AUCTION almost daily and a lot of the Auctions are ABSOLUTE. Absolute means that the property will sell with no reserve, the seller has no right to refuse any bid. In the case of an ABSOLUTE AUCTION the seller has made an offer to sell at the best bid, the sale is complete when the Auctioneer has identified the highest and best bidder with the acceptance. The final gavel call will put everyone on notice that the sale will be complete when the hammer falls. The bidders must be prepared with financial capabilities and have the cash to pay the deposit and close the transaction in a specified amount of time. The farms that sell at auction are normally well attended and achieve a fair market price. With this in mind all bidders need to insure all inspections are done prior to bidding because all properties will sell as is with no warranty for repairs. Most of the tome marketable title is given, however be cautious and read the terms and conditions prior to the bid placement. Watch the video of this ABSOLUTE FARM AUCTION

Foreclosures in Barrow & Jackson Counties rose in September. Barrow County topped 205 for the month of September making it the third highest month ever. Year to date in Barrow County, there's been 1,595 foreclosure actions. Cities like Winder are noticing the inventory increase.

In Jackson County, the new monthly record is now set at 150 for September. Total foreclosures for the year in Jackson is up to 1,053, already more than all of last year.

The FDIC appointed a receiver of the First Piedmont Bank in Winder Georgia today. This makes the 15 banks failure in Georgia since 2008. We also had major bank failures here in GA in 2007 with the failure of NetBank in September 28, 2007 that makes 16 bank failures here in less that two years. At the time NetBank failed, it was considered the 4th largest bank failure in US history. Georgia has the highest bank failure rate in the nation to date in this economic crisis that seems far from over. According to FDIC announcement, First Piedmont Bank of Winder, GA will have its assets assumed by First American Bank and Trust of Athens GA.

FDIC BANK FAILURE LIST

Okay, today's edition of What You Get for the Money is a home that sold in the price range of $200,000 to $299,000. In case you missed Part I of this series, you can view it here: Part I: What You Get for the Money-$100,000

As we all know, home sales have been way down, so I only had two homes to choose from that had sold in the past two months in this price range. One was a rustic log cabin built in 1983 on over 14 acres in Bethlehem, Georgia. And when I say rustic, I mean it! The inside walls were logs, the columns and ceiling were wood beams and the floors were hardwood. Nothing was painted, no color, just brown wood everywhere. If you really want your privacy, I guess this would be the place for you.

I decided to show y'all the second home instead. So here's what you can get in Barrow county, Georgia for $200,000:

This bank-owned and never-been-lived-in property was built in 2006 and is in the city of Winder, Georgia. It's a ranch-style home with hardi-plank and stone accents. The home has 3 bedrooms and 2 full baths. You get 1.23 acres, a 3 car garage and a full basement. In the kitchen there are granite countertops, black appliances, cherry cabinets and hardwood floors. The master is on the main level and there's a bonus room above the garage.

It closed November, 2008 for $217,900, although it was originally listed for $284,900.

*Based on information provided to and compiled by GAMLS.com GAMLS.com does not guarantee or is in any way responsible for its accuracy.

Okay, tag...you're it! I want to see what you can get for the $200,000 price range in your part of the country! Check back on Monday for the next installment of this series--the $300,000 price range.

Thanks for reading!