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Name:	John C -	Reply
Subject:	600 LM 4closures Can B Wrong
Date:	7/10/2009 1:06:55 PM

Interesting gossip I hear sometimes...

here are 3 reasons why I think it is bunk that 600 foreclosures are "about to hit the market" - one I forgot was that right now there are about 530 waterfront properties for sale, so that would more than double the inventory and make it over 50% foreclosure.

To put it into perspective, that would be cataclysmic and put us the #1 worst market in the country. In the worst markets around the US, 1 in 4 or so are foreclosures.

URL: 600 Lake Martin Foreclosures Can Be Wrong

Name:	lucky67 -	Reply
Subject:	600 LM 4closures Can B Wrong
Date:	7/10/2009 8:01:44 PM

i am not hearing anything like that--must be an auctioneer trying to spook the market--as a lender, i have never been busier with purchases on the lake--most are looking in the $500k-$2 mill range, vs. $3-$5mill years ago

Name:	JustAGuy -	Reply
Subject:	Most Active Mill
Date:	7/10/2009 11:49:49 PM

Someone told me that there is only one mill in the state of Alabama that is running full shifts, 24 hours a day, and 7 days a week. It is the rumor mill at Lake Martin. :)

Name:	JustAGuy -	Reply
Subject:	Oh Yeah
Date:	7/10/2009 11:52:07 PM

Alan Jackson, Courtney Cox and Brad Pitt are all buying the Scrushy mansion. They are turning it into a burger and wings joint. Still waiting to hear if there will be an accompanying Cat House. :)

Name:	FIB5900 -	Reply
Subject:	Oh Yeah
Date:	7/11/2009 6:45:13 AM

Yep, and the first thing Cat should do is have a special on installing superchargers, he can have flyers and bumper stickers that say, "come to Cathouse and get blown cheap"

Name:	lucky67 -	Reply
Subject:	Oh Yeah
Date:	7/11/2009 9:31:23 AM

wrong--obama is buying scrushy's place

Name:	Barneget -	Reply
Subject:	Oh Yeah
Date:	7/11/2009 9:48:40 AM

There goes the neighborhood.

Name:	Little Talisi -	Reply
Subject:	Oh Yeah
Date:	7/11/2009 12:20:14 PM

and hes buying it with our money. Think we will be welcome?

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