Georgia Foreclosure Homes

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REDC_auction

It’s that time again.

REDC, one of the nation’s most reputable and successful real estate auction companies, will conduct public foreclosure sales from this Saturday (Oct. 10) through Thursday (Oct. 29) in several states, including Alabama, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.

It’s six more consecutive days of super sales on condominiums and townhomes, as well as single- and multi-family properties. All told, 467 properties combined must be sold in less than one week.

Bids can start as low as $500 because everything must go!

If you’re looking to take advantage of the best real estate deals in these areas then definitely check out REDCs foreclosure lender auctions.

Here are the locations (For complete details click here):

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Lisa-Wu-Hartwell

Lisa Wu Hartwell, who is featured on Bravo’s “The Real House Wives of Atlanta” reality television program, is denying a report from TMZ.com that she and her family were “booted from their multimillion dollar Georgia mansion” for defaulting on their home loan.

In fact, Hartwell — who is married to National Football League (NFL) free agent linebacker Edgerton Hartwell — claims in an interview today with People.com that the couple attempted to restructure the $2.9 million loan, but it did not work out.

It eventually resulted in a short sale ($1.9 million) to a new buyer … not a foreclosure.

Here are her thoughts on the situation:

“We chose to move, we were not evicted…. It was decision that we made and not one that was made for us. But we were not put out.”

The Hartwell’s apparently “downsized” to a nearby home that sits on 10 acres.

If you’re curious or interested to see how it all went down be sure to tune in to the current season of “The Real Housewives of Atlanta.” It airs every Thursday at 10 p.m. ET on Bravo.

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With just one day to spare, the 54,000-square-foot mansion of former four-time heavyweight professional boxing champion, Evander Holyfield, in Atlanta, Ga., has been rescued from a public foreclosure auction that was scheduled for tomorrow (July 7, 2009).

Holyfield has been fighting to keep the 109-room home, which includes 17 bathrooms, three kitchens and a bowling alley, among other luxurious amenities, for almost a full year.

It now appears that he has struck a deal with mortgage holder JP Morgan Chase & Company to stay put; however, he must pay back the entire $10 million loan on the 104-acre estate no later than Aug. 4, 2009.

Holyfield has made millions throughout his career as a prize fighter.

In fact, he pocketed a cool $34 million just to go toe-to-toe with Mike Tyson back in 1997 in what is now referred to as “The Bite Fight.” All told it is estimated that Holyfield earned an estimated $250 million in the ring throughout his career, which excludes endorsements, sponsorships, appearance fees, etc.

His agent, Jerry Schaffer, recently informed 11Alive.com that his client “is working on several projects right now, including a comeback fight,” details of which should be announced in the next 60 days.

The 46-year-old slugger — who has also faced a public battle over late child support payments in the past (he has 11 offspring) — doesn’t appear to have that much time … especially if he doesn’t have $10 million at his fingertips.

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It was fourth and long for Funari Realty this week and the real estate company may have given up a sack.

That because one of its high profile listings — the eight-bedroom, 20,000-square-foot mansion of former National Football League (NFL) superstar and current Fort Leavenworth prison inmate, Michael Vick, in suburban Atlanta, Ga. — hit the auction block yesterday to little fanfare.

In fact, just two curious buyers showed up but did not place the minimum bid of $3.2 million to become a new homeowner in the upscale Sugarloaf Country Club community, according to CNN.com.

Narender Reddy of Metro Brokers/GMAC Real Estate was one of those interested in the sale because a client of his offered the same amount as the minimum bid two months ago. Funari Realty, however, passed on the offer, according to the article, thinking more could be made in an auction format.

Now he intends to advise his client to offer less than the original $3.2 million after the luxurious Gwinnett County residence, which has been on the market for more than one year, attracted so little interest this week.

Vick lived in the home while he played quarterback for the Falcons. He was forced to vacate it and serve a 23-month sentence at the federal penitentiary under terms of his plea for running a major dogfighting operation in late 2007.

He has since struggled to repay creditors and filed for bankruptcy while incarcerated. The sale of the Atlanta home, which he more than likely no longer needs since he was released from the Falcons after his arrest, and other assets will be put toward paying off debts the 28-year-old athlete has amassed.

Vick is scheduled to be released in May to serve the final two months of his sentence under home confinement at another property he owns in in Hampton, Va. He has expressed an interest in returning to the gridiron; however, he will have to receive the stamp of approval from the league commissioner before that can happen.

We’ll pass along additional news on Vick’s home in Duluth as it becomes available.

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The eight-bedroom, 20,000-square-foot mansion of former National Football League (NFL) superstar and current Fort Leavenworth prison inmate, Michael Vick, is scheduled to hit the auction block for a minimum bid of $3.2 million on March 10.

Bidding is set to begin at $25,000 increments until a bid of $3.3 million is reached. Bids will then be done in $10,000 increments, according to an MSNBC.com report.

NFL Fan House has a little slideshow of the luxurious Gwinnett County residence, which is near Atlanta and where Vick plied his trade as quarterback for the Falcons until he was sentenced to serve a 23-month sentence at the federal penitentiary under terms of his plea for running a major dogfighting operation.

During that time he has struggled to repay creditors and has filed for bankruptcy. The sale of the Atlanta home, which he more than likely no longer needs since he was released from the Falcons after his arrest, and other assets will be put toward paying off debts the 28-year-old athlete has amassed.

Vick is scheduled to be released in May to serve the final two months of his sentence under home confinement at another property he owns in in Hampton, Va. He has expressed an interest in returning to the gridiron; however, he will have to receive the stamp of approval from the league commissioner before that can happen.

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