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Arielle Kass
Latest from Arielle Kass
Foreclosures too easy, Georgia Supreme Court says
Foreclosures in Georgia are too easy, the state Supreme Court said Monday, but it added in a ruling that changing the process is up to the legislature and not the court. The ruling, which came in the case of a pair of Suwanee residents who lost their home, effectively upheld ...
Foreclosure notices remain at 2007 levels
Foreclosure notices in metro Atlanta are staying at six-year lows for the sixth consecutive month, a continued sign of improvement in the region’s housing market. There were 4,751 foreclosure notices filed in 13 metro Atlanta counties in May, according to data from Kennesaw’s Equity Depot. That’s down 50 percent from ...
Synovus acquires failed bank
Synovus, the second-largest banking company based in Georgia, acquired three branches of a Valdosta-based bank that failed Friday. It was the state’s third bank failure this year. Sunrise Bank, which had branches in Valdosta, Atlanta and outside Macon, was told by federal regulators in January 2012 that it had to ...
Low inventory puts housing market in a frenzy
When Hilary Quirk put her East Cobb home on the market one Monday in April, she wasn’t sure it would sell. Imagine her surprise when it went under contract the next day. “I thought it would take two months,” Quirk said. “I was absolutely shocked.” For days after the contract ...
Primerica profits slip
The term life insurance business of Primerica, the Duluth financial services firm, continues to grow, the company said in a Tuesday news release. Term life sales were up 11 percent in the first quarter, and investment and savings product sales rose 9 percent. Primerica’s total revenue was up 8 percent ...
DocX president sentenced in Michigan
The former president of Alpharetta mortgage processor DocX was sentenced to up to 20 years in prison in Michigan, that state’s attorney general said. In February, Lorraine Brown, 51, pleaded guilty to racketeering for her role in authorizing the fraudulent signing of Michigan mortgage documents. She was sentenced Thursday to ...
End may be near for tax-free online shopping in Georgia
Online shoppers could soon start paying sales taxes for the first time on many purchases, delivering hundreds of millions of dollars to Georgia’s state coffers, under a bill that easily passed the U.S. Senate on Monday. The bill’s chances remain unclear in the Republican-run House, as some influential conservative groups ...
Housing supply dwindles as market shakes out
If you were shopping for homes in metro Atlanta a year ago, you might have had your pick of houses in any number of neighborhoods. Not anymore. There are barely enough homes for sale in metro Atlanta to meet the demand of the people who want to buy them. “It ...
Metro Atlanta home prices regain lost ground
Metro Atlanta home prices have climbed back to the highest point in 18 months, as inventory drops and more buyers hit the market. Prices rose 16.5 percent in February from a year earlier, according to the S&P/Case-Shiller home price index, a widely watched barometer. The latest report was released Tuesday. ...
Metro Atlanta housing prices rise steeply
Metro Atlanta home prices recovered three years of value in 12 months, rising steeply in a closely watched metric. The increase is a further sign that the housing market is improving in the region. But the area’s prices remain below 2000 levels. Local home prices were up 16.5 percent year-over-year ...
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