Appraisers join to create The Ganem Group
Alan Clark, a certified general real estate appraiser in Georgia and South Carolina, has acquired the Johnnie Ganem Appraisal Co. and, with Ganem, has formed The Ganem Group, which will continue to operate as a local valuation and advisory firm.
Ganem will focus on brokerage and select valuation assignments while Clark will concentrate on oversight of the valuation practice.
“It was important to me as I transitioned into my retirement that the clients who have been served by Johnnie Ganem Appraisal Company Inc. continued to receive the highest level of customer service and invaluable direction,” Ganem said.
Clark said being able to acquire a company with the reputation that Johnnie Ganem has achieved is an opportunity he doesn’t take lightly.
The Ganem Group is at 340 Eisenhower Drive, Building 800. For more information, visit www.theganemgroup.net.
Donor fund contributes to local nonprofits
The Savannah Community Foundation Inc. has announced $90,333 will be distributed to three nonprofit organizations in 2015 from the Robert C. Tripp Fund, a donor designated fund of the foundation.
The recipients:
• Virginia Military Institute Foundation to fund a dean’s scholarship: $46,146;
• St. Peter’s Episcopal Church, Skidaway Island, for general purposes: $18,066.58;
• Hospice Savannah, for general purposes: $26,120.
With no surviving spouse or descendants, Tripp established the Robert C. Tripp Fund before his death on July 7, 2012. Tripp, who was a native of Detroit, practiced dentistry in that area until he retired and moved with his wife, Anne Huber, to The Landings on Skidaway Island.
Foreclosure Rates in Savannah decrease
Foreclosure rates in Savannah decreased for December over the same period last year, according to newly released data from CoreLogic, an international property information reporting firm.
The CoreLogic data indicates the rate of Savannah area foreclosures among outstanding mortgage loans was 0.77 percent for the month of December 2014, a decrease of 0.28 percentage points compared to December of 2013 when the rate was 1.05 percent.
Foreclosure activity in Savannah was lower than the national foreclosure rate, which was 1.47 percent for December 2014.
Also in Savannah, the mortgage delinquency rate decreased. According to CoreLogic data for December 2014, 4.13 percent of mortgage loans were 90 days or more delinquent compared to 4.83 percent for the same period last year, representing a decrease of 0.70 percentage points.