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Follow-up foreclosures. (Atlanta real estate foreclosures)
FOLLOW-UP FORECLOSURES
FOLLOW-UP FORECLOSURES. Two projects that the Atlanta Business Chronicle reported were under threat of foreclosure last month have come to just that.
Georgia Federal Savings Bank has foreclosed on the 123-acre Auto World Over Georgia because its owner defaulted on a $5.2 million loan.
Auto World Over Georgia L.P., of which Columbia Equities is general partner, is the owner of the planned auto mall near Six Flags.
The project never got off the ground because of a slumping car-sales market, the owners said.
The second project foreclosed on is Gulfstream Development of Georgia Inc.'s Seven Oaks northeast Fulton …
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