Exurbs were hit hard during the housing crisis, including in Georgia. Sale prices in these less-densely populated communities around the country fell 31 percent from their 2007 peak as compared to urban areas, which saw a drop of 24 percent. While prices in urban areas recovered by 2015 and are now 22% higher than they were before the recession, exurb prices took an extra two years to recover and are now only 7% higher.
Is Mediation Right For Your Case?
Mediation is a way of resolving legal disputes outside of the courtroom. If both parties agree to mediation, neither must appear in court. The mediator serves as a facilitator of the negotiations, offering legal information so that the parties can reach an agreement on their disputes.
What to do when behind on a mortgage
Homeowners in Georgia may experience difficulty making payments on their mortgages. At this point, it may make sense to sell the home and get out from the expensive home loan. The good news is that an individual can generally sell the home even if he or she is behind on the mortgage. As long as the lender hasn't foreclosed on the home, the current owner can still attempt to sell and use the proceeds to satisfy the loan balance.
