Saturday, May 18 2013 11:42 PM EDT2013-05-19 03:42:57 GMT
A Lowndes County man is behind bars after deputies uncovered nearly half a million dollars of marijuana. Deputies responded to a complaint at Jose Sanchez's house on Highway 129 North Friday. AuthoritiesMore >>
A Lowndes County man is behind bars after deputies uncovered nearly half a million dollars of marijuana.
Saturday, May 18 2013 11:42 PM EDT2013-05-19 03:42:03 GMT
Hundreds of people came out to Lake Blackshear Saturday to support law enforcement and the Crisp County Sheriff. It was the first annual pigs in the park event, put on by the Georgia Narcotics Officer'sMore >>
Hundreds of people came out to Lake Blackshear Saturday to support law enforcement and the Crisp County Sheriff.More >>
Saturday, May 18 2013 9:47 PM EDT2013-05-19 01:47:12 GMT
Thomasville Police are looking for two men who attempted to rob a store, scaring customers and clerks. Police say they responded to the Dollar General on West Jackson Street around 9:15pm Friday. EmployeesMore >>
Thomasville Police are looking for two men who attempted to rob a store, scaring customers and clerks.
Saturday, May 18 2013 6:59 PM EDT2013-05-18 22:59:02 GMT
Dougherty County police are searching for a motorist who hit a pedestrian and then fled the scene. Authorities say it happened around 11pm Friday near the 3900 block of Radium Springs Road. PoliceMore >>
Dougherty County police are searching for a motorist who hit a pedestrian and then fled the scene. More >>
Saturday, May 18 2013 6:58 PM EDT2013-05-18 22:58:50 GMT
It's graduation time for high schools in Dougherty County and students are ready to embark on their next journey. 230 graduates received their high school diplomas from Westover Comprehensive High SchoolMore >>
230 graduates received their high school diplomas from Westover Comprehensive High School this Saturday morning.More >>
ALBANY, GA (WALB) - Clayton Holton says he is a victim. " I have been robbed because my house is paid off, and the equity in my house has gone down."
"With home equity, you may not have as much as you had before because of the foreclosures in your neighborhood," said loan officer, Wanda Bowles. And homeowners in Southwest Georgia are some of the better off in the state. "It is not as bad as the Atlanta area, but there are certain areas in Albany that do have a lot of foreclosures," said Bowles.
The banks that have taken over these mortgages are selling these homes at bargain prices. "Your appraised value goes by what sales in the neighborhood. If their is a house down the road that is valued for $150,000, but they are selling it for $100,000, your value is going to go down," said Bowles.
"I think that is an injustice to the honest people who live and work to pay off their houses and have their houses devalued," said Holton.
And properties are not only less valuable, but harder to refinance. "The credit criteria has changed a lot. Especially with all of the foreclosures. You will find it harder to qualify for loans even if you have a lot of assets. We are finding some of the loans being turned down," said Bowles.
Lenders are looking further into your credit history. "Before they wouldn't look at anything past 24 months. Now they are going back and taking hits on those. If you have late mortgage payments you will find it difficult," said Bowles.
They are making it tougher to keep the mortgage meltdown from getting worse. Loan officers say you need a credit score of at least 640 if you want to refinance your home.