Kings Lake Development, LLC Plans To Hold Free First Time Home Buyer Seminars

(EMAILWIRE.COM, April 17, 2007 ) Atlanta, Georgia -- Kings Lake Development, LLC (www.kingslaketh.com) announced TODAY to offer Free First Time Home Buyer Seminars for their new 125-town homes development in Austell, Georgia. The seminars are scheduled to start in June of 2007 and will educate future homeowners on purchasing and financing practices. Kings Lake Town Homes is located at 129 Six Flags Parkway Austell, Georgia 30168.The State of Georgia has come under pressure for having high foreclosure rates, metro Atlanta ranking in the nations top percent. “In 2006 Georgia had the second-highest foreclosure rate in the United States and January of 2007 Georgia had the third-highest foreclosure rate for the fourth month in a row,” according to RealtyTrac U.S. Foreclosure Market Report. Additionally, the report stressed, “Georgia had one new foreclosure filing for every 372 households and a total of 8,328 new foreclosure filings in January of 2007. A 13 percent jump from January 2006 and a 29 percent increase from December 2006. Atlanta metropolitan area 28-county ranked third-highest metro foreclosure rate for January 2007. Reporting one new foreclosure filing for every 214 households and 6,791 new foreclosure filings in January with a 25 percent increase from December.” “We believe that taking a hands on approach to educate homeowners on purchasing and financing responsibilities will produce more responsible homeowners,” Stated Derrick Harris, Kings Lake Development, LLC Managing Partner.” Homeowners must be educated properly about financing obligations.” Kings Lake Town Homes have organized Coldwell Banker Cascade Realty, Home America Mortgage, Inc, and HomeBanc Mortgage Corporation to work together to provide purchasing and financing education. Kings Lake Town Homes First Time Home Buyer Seminars are open to the public, groups, and organizations. For registration information and to find out more about Kings Lake Town Homes please contact Barbra A. Price at (678) 945-1345 or visit their website at www.kingslaketh.com. Media Contact: CR Ransom postmaster@mosnarcommunications.com Mosnar Communications, Inc. 925B Peachtree Street #402 Atlanta, Georgia 30309 Tel: (404) 696-4833Website: http://www.kingslaketh.com### This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

Prabhu Balakrishnan

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