Asked by Jeff, 30047 • Sat May 24, 2008
I am aware that this is a bank owned condo and know that the foreclosure was partly the result of the builder not being able to make delivery on presold units. I am also aware that the bank is sustaining the HOA (for now until 80% of the units are sold). How many units are still unsold and how is this property doing compared to similar new condo sales in the Bedford Pine area and in the mid-250s and up to 300K? How is this specific neighborhood doing with respect to crime, safety, property price stability and growth? What kind of risks am I assuming in a foreclosure sale like this? Comparatively speaking this property appears at face to be a good value. Agree/Disagree? We are a couple with no children in our early 60s, own our current home in Gwinnette County and are concerned about Fulton County management and taxes. I work at Atlanta Medical Center and the location, from that standpoint, is ideal. Please advise.
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