One big problem facing the Atlanta housing market is the number of foreclosed homes and REO (real estate owned) properties. Thus, many banks find themselves in possession of a plethora of incomplete projects. These have a negative impact on the market because they can permanently devalue the property and surrounding homes that are complete. So, Jim Chapman Communities has decided to take matters into their own hands by launching a new company, Jim Chapman Construction Services, which will assist banks and investors by completing these foreclosed homes and REO properties. This is a tremendous help for the Atlanta housing market since it will keep the value of homes from drastically depreciating. (more…)

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