AJC Quotes Philip Skinner

Philip G. Skinner was quoted in the Atlanta Journal-Constitution in an article titled, “Prominent Properties Get Foreclosure Notices, Portend Trend,” which was also mentioned in the Atlanta Mortgage News from the Peachtree Mortgage Services, Inc., blog. The article details the growing trend of foreclosure notices on commercial properties and predicts an increase in 2010. Mr. Skinner discusses how owners postponed the foreclosures as long as possible but no longer have any options. Georgia’s bank failings have only worsened the problem because new owners hold the loans, leaving no room for leniency due to good past relationships. To read the full article, please click here.