Real estate a trap for metro Atlanta couple
When housing was hot and credit easy, Nadege Adam and Jude Valles gorged.
Together and separately, the couple bought a five-bedroom house in Smyrna, a condominium in Smyrna for his mother and another condo at an intown development that was creating a lot of buzz at the time — Atlantic Station.
Atlantic Station was so popular in 2005 and 2006 that a lottery was used to sell homes. Adam got lucky, she thought, and purchased a two-bedroom condo at Twelve for $387,700.
The couple’s gung-ho approach to real estate turned out to be an enormous mistake.