The children of Atlanta’s own Martin Luther King, Jr are entering into a court battle. Dexter King has asked a judge to force Bernice King to turn over their mother’s personal papers, including love letters central to a now-defunct $1.4 million book deal.

Martin Luther King, III and Bernice King complained that their brother Dexter King was derelict in not holding a shareholders meeting, which they said was another example of his lack of openness in handling their father’s Atlanta Homes estate.

There had been no shareholders’ meeting of the corporation since 2004, something that Dexter King blamed on the distraction caused by the deaths of his mother and sister. Judge Ural D. Glanville ordered a meeting, which was held sometime last week in the Atlanta homes of the siblings..

There was a September court hearing, Judge Glanville, who will preside over the trial in Fulton County Superior Court, also expressed some concern about Dexter’s management of Dr. King’s estate.

The Atlanta judge issued an order saying “the court is extremely troubled” in regards to what he was seeing in the initial filing by the siblings.

Dexter is the majority shareholder, and carries significant power in the corporation because he holds 80 percent of  all its shares. The judge warned all three of the siblings that any failure to comply with the Georgia Corporation Code could result in the dissolution of the corporation and that would cause some serious problems in Atlanta for the King siblings. More Atlanta homes news in each of the weekly blog posts.

Technorati Tags: atlanta home, Atlanta homes, Atlanta homes for sale, atlanta real estate

They offer you the ability to customize your new home and choose a floor plan from hundreds of modular home specs and manufactured homes. These Clayton homes and manufactured homes that are precision built in state of the art facilities throughout the U.S. This allows for on time delivery of your Atlanta Home and eliminates weather delays and construction costs due to wastefulness. Clayton Homes has a highly engineered building system that is almost a science and certainly the future of home building. As the nation’s largest home builder, the modular home and manufactured home industry offer a very unique value for every pricepoint imaginable.

Seeking to domino the success of this trend Clayton homes just announced a partnership with a big homes contractor to create a new green, multi-family housing design. This concept will be tested and applied to the construction of six housing building at Raintree Apartments in Knoxville near the U.T. campus.  The construction estimate for completion is set for December 2009. I’m hoping to see this green concept take off and be apart of the Atlanta homes community.

Technorati Tags: atlanta home, Atlanta homes, Atlanta homes for sale, atlanta real estate

Technorati Tags: atlanta home, Atlanta homes for sale, atlanta real estate

“A worldwide recovery is materializing, led by the developing economies of East Asia and India,” According to Lockhart The FED RESERVE BANK CEO from Atlanta. “Data released last week indicate that global trade increased at its fastest pace in five years. Foreign demand is expected to add about 1.3 percentage points to the U.S. gross domestic product once the final numbers are calculated.” Global trade is a “surprisingly positive factor” in the U.S. economy, Dennis Lockhart, president and CEO of the Federal Reserve Bank of Atlanta.

Mr. Lockhart did caution, however, that the uptick in global economies may not be a solid as U.S. trading partners cut back on government economic stimulus spending. He spoke  to a packed room big crowd, the Fed executive painted a mixed picture of the U.S. economy. “Unquestionably, the economy is improving,” Mr. Lockhart said. “But the vital signs – as captured in macroeconomic data – are mixed. There are pluses and minuses, positives and negatives. It’s not a uniform picture. Optimism is warranted but should be tempered by awareness that this an economy temporarily buttressed by a large number of temporary government support programs.”

The housing market is the key to an economic recovery in Atlanta and nationally. We’ve got to see this respond in order to have any sustained long term economic recover. He noted that housing has been helped by government programs, including a first-time homebuyer’s tax credit, which expires Dec. 1. Mr. Lockhart expressed concern about commercial real estate, saying the downturn in that sector could cause a setback in banking. “I see as uncertain the time required for the housing market to return to health, the potential commercial real estate drag on the financial system, the sustainability of recovery in the absence of government supports and the resurgence of private demand,” he said. “I see all those as uncertain.”  There are so many great opportunities to find your dream Atlanta home in this market.

Technorati Tags: atlanta home, Atlanta homes for sale, atlanta real estate