Simply mind boggling how many properties that are offered in some type of distress. Foreclosures, Short-Sales, REO sales, etc. It's only getting worse(or better based on your outlook). There have been over 1,000,000 properties taken through the bank through foreclosure in 2010, which number should be even higher in 2011. And also the amazing part of Atlanta is the fact that many of these homes are selling for 50% of their selling price in 2006-2007.
There are multiple kinds of distressed properties. Foreclosures is a property that's along the way to be taken back by the bank or has already been taken back by the bank. An REO is a home that's already owned through the bank through foreclosure or another legal action. Along with a short-sale is a negotiated settlement with the bank in which the bank agrees to take less for the home than they're owed.
The combination of low interest, and many more homes being offered than you will find buyers available makes this almost a perfect time to buy. All of the properties I'm going to list below are in the $10-50k range, and therefore are very economical for every buyer.
Below you will find a short list of the homes for sale currently for between $10-50k in Atlanta as a short sale or foreclosure.
375 RALPH MCGILL BLVD, ATLANTA, GA 30312, $50,000
-4540 SPRING VALLEY PKWY, COLLEGE PARK, GA 30349, $50,000
-6346 CHURCH ST, UNION CITY, GA 30296, $49,900
-2676 BAYROSE CIR, EAST POINT, GA 30344, $49,900
-107 BAGBY CT, FAIRBURN, GA 30291, $49,020
-4106 ROBIN CIR, COLLEGE PARK, GA 30349, $49,000
-5029 LOWER ELM ST, ATLANTA, GA 30349,
-2201 SPRINGDALE CIR SW, ATLANTA, GA 30315, $45,000
-3645 PEACHTREE RD NE, ATLANTA, GA 30319, $40,000
-1402 GRAHAM ST SW, ATLANTA, GA 30310, $40,000
-2027 SHIRLEY ST, ATLANTA, GA 30311
-605 WAYNES CT, ATLANTA, GA 30354, $39,900
-335 MACEDONIA RD SE, ATLANTA, GA 30354, $25,000
-3181 LAKEWOOD AVE, ATLANTA, GA 30310, $22,500
-1255 EPWORTH ST, ATLANTA, GA 30310, $22,000
-2466 HILLCREST DR, EAST POINT, GA 30344, $19,900
-208 ADELINE AVE, ATLANTA, GA 30314, $19,900
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If you're searching to purchase a cheap short sale or foreclosure home be sure you work with a company you never know what they are doing since it makes all the difference in the results.
Author Resource:
Terrence Bixby is an accomplished free-lance article author, that is currently writing useful articles for Atlanta Short Sales Professional Realty 1st. If you'd like more info about our Stop Foreclosure Service In Atlanta kindly visit our website, or contact us at 678-739-4327.
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