| Where are the buyers for all the Georgia foreclosure | | | | the dormitory urban areas of Atlanta. Foreclosures |
| homes? Real estate teams in the Atlanta metro area | | | | are found throughout the state but Fulton (Atlanta) |
| have reported a pick up in sales over the last two | | | | and Dekalb counties lead the state in filings numbers. |
| months, but noticeably in the higher priced home | | | | Chosen astutely and bought well, they represent a |
| market. Low priced one bedroom units sales have | | | | solid investment for the home buyer prepared to |
| languished. And yet the demand for affordable rental | | | | stay in the home for the next 5 to 7 years, by |
| units is very great. Wary investors are not yet | | | | which time most predictions are that prices will be |
| attempting to realise the bargains that could be had | | | | rising and markets warm once more. The buyer |
| by buying from swollen stocks of bank and other | | | | prepared to put in the time and determination |
| lender owned property. With evictions so much on | | | | required to research and analyse the pre foreclosure |
| the rise where are the unfortunate to be housed? | | | | listings and auction sale notices, the total value of the |
| Georgia has been particularly hard hit by delinquent | | | | liens against each property and the level of equity |
| home loans this year. As well as recording foreclosure | | | | either existing or to be obtained by negotiating with |
| filings rates among the highest in the United States, | | | | lien holders will be rewarded well for that effort. The |
| the Peach State now records the highest Chapter 13 | | | | greatest reward is most likely now as the housing |
| bankruptcy filings rate. Georgians are forced to file | | | | slump nears the bottom of the curve; the buyer is in |
| for bankruptcy to try to avoid losing their homes to | | | | pole position. And if the time to auction is too short |
| foreclosure when, unable to refinance, they face not | | | | for him, there is always that opportunity to make a |
| only a cold seller's market but also a swift foreclosure | | | | canny all cash offer to the lender immediately after |
| timeline; the out of court process can end in a sale in | | | | the auction sale when bidding has not reached the |
| two months. | | | | reserve price. Expect bank foreclosures in Georgia to |
| The Georgia real estate market includes a little of | | | | become more attractive as a field to weed! |
| every style, price bracket and lifestyle choice, from | | | | Philip Smith is the writer of Your Source of Georgia |
| historic homes in Savannah to basic starter homes in | | | | Foreclosure Homes online. |