Atlanta Foreclosures for Sale
Despite record lows in 30 year fixed mortgage rates, and record refinancing waves ...Atlanta foreclosures are still on the rise! This is a great time to buy not just any foreclosure but to pick the best properties! Better hurry when there are still a lot of good choices. Foreclosed properties occur when the money that was lent buy a lender to a borrower is not repaid. Then the lender has the right under the law to repossess that property and sell it for the deficiency. Usually the lender is a bank. In the real estate industry they are referred to as "REOs" Real estate owned. Then we have tax sales from non payment of taxes. There are also Atlanta new homes foreclosures, condos for sale and foreclosed Atlanta townhomes for sale from builders that have gone into bankruptcy. Wow that makes for a lot of Atlanta foreclosures!
Search Atlanta foreclosures listings - Atlanta Foreclosure real estate specialist for Atlanta and suburbs. Atlanta foreclosures homes for sale. Find Atlanta foreclosed government, and bank owned foreclosures for sale in Atlanta. Government foreclosures and bank owned foreclosure properties and real estate for sale. When most persons are afraid to buy is the perfect opportunity to purchase Atlanta foreclosures!
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Jim,
Haven't seen you on the blog airways much recently. Hope the bleeding can stop with the Atlanta foreclosures. Yet, this appears pandemic to most markets.
Colorado Springs Realtor - Cherise Selley (Selley Group Real Estate, LLC) I've been major busy with other projects. I am sure the rest of the nation is not just doing a whole bunch better...
No Jim the rest of the nation is very similar. Until we get people back to work there is no way things will improve.
The percentage of loans I have done lately that are foreclosures is astounding. It may have a little to do with the fact that I do the FHA 203k streamlined loan and allow up to $35k in upgrades and that I do the HUD $100 down loans but it's still amazing the percentage of the home mortgages I'm doing is so high towards bank owned properties.
Jim: that's great news for buyers. Just got an accepted offer on a foreclousre today. People love getting deals.
Sorry to hear about Atlanta's woes. But the rural smaller priced, low crime markets with lower cost of living are not tanked, following suit. We don't wrestle with $750,000 mortgages in "Mayberry" and double up on payments to own places free and clear plus have very cautious spending, get real value or don't buy attitude all the time.
Jim, when do you predict the market will change for Atlanta? I don't feel we have hit bottom yet.
OK. Good to see you back and fine.
Jim As you know all is not rosey in Northern Virginia, either
John Walters (Licensed in Slidell, Louisiana) (Slidell, Pearl River, Lacombe) I agree, we need jobs ...yesterday!
Ken Cook, 678-439-8683 I know....Atlanta has way more than its share....
Matt Grohe Remax Des Moines (RE/MAX Real Estate Concepts) Yes they do, however we need a healthy balance here.
Andrew Mooers | Northern Maine Real Estate / Aroostook County Broker (MOOERS REALTY) I agree Andrew. Most of the nation does not even know the concept of "Free and Clear!" That is the way a healthy economy moves forward
Kay Van Kampen, CDPE, Broker, Springfield Missouri Real Estate (RE/MAX Solutions) Kay it will not be near term. It will take quite a while for things to level out. There was way too much speculation and easy credit.
J. Philip Faranda (J. Philip LLC) Westchester County NY Thank you very much! I have been preoccupied with many other projects.
Karen Kruschka - Prince William, Fairfax ,Stafford County VA Real Estate Service (RE/MAX Olympic Realty) I know all too well. It is not easy being in real estate these days!