Hello neighbors,

there's good news and bad news. Here's the bad news first :

Corus Bank, a leading lender in the Atlanta condo market, was seized by federal bank regulators last week. This marks the 90th bank failure nationwide in 2009. The Atlanta Business Chronicle has the full story on this recent development.

Now, here's the good news :

As a result of the feds' seizure of Corus, Atlanta condo-buyers should keep an eye on the former lender's largest local developments, including The Atlantic on 17th St. and One River Place in Powers Ferry. Who knows? There might be some extremely well-priced condos coming on the market in the weeks and months ahead.

And, of course, we'll keep you posted as this and other situations develop.

-Zac