Atlanta Short Sales In The Week of February 15th, 2011
Simply mind boggling how many properties that are offered in certain form of distress. Foreclosures, Short-Sales, REO sales, etc. It's only getting worse(or better depending on your outlook). There were over 1,000,000 properties taken by the bank through foreclosure this year, which number ought to be even higher in 2011. And the amazing thing in Atlanta is the fact that several homes are selling for 50% of their value in 2006-2007.
Just in case you don't what it really is for a property to become considered distressed. You will find multiple definitions.
1. Foreclosure: a property that has been taken through the bank, or sometimes is in the middle of this process.
2. REO: Is really a property that is owned through the bank, after setting it up in a foreclosure.
3. Short-sale: It becomes an agreement between the bank to consider less for any house than what is owed about the mortgage.
If you're looking for a house for the long-term there isn't any better time to buy than with rates low, and buyers having all the power in the relationship. And as these properties are priced within the $10-50k they're very affordable for most families.
Below you will find a brief list of the homes being sold currently for between $10-50k in Atlanta like a short sale or foreclosure.
198 PONCE DE LEON AVE, ATLANTA, GA 30308, $50,000
-707 ROSWELL LANDINGS DR, ROSWELL, GA 30075, $50,000
-6346 CHURCH ST, UNION CITY, GA 30296, $49,900
-4106 ROBIN CIR, COLLEGE PARK, GA 30349, $49,000
-5029 LOWER ELM ST, ATLANTA, GA 30349,
-248 MARGARET ST, FAIRBURN, GA 30213, $45,000
-2169 CROSSRAIL DR, ATLANTA, GA 30349, $45,000
-585 SE MCWILLIAMS RD, ATLANTA, GA 30315, $45,000
-7210 CONNELL RD, ATLANTA, GA 30213, $45,000
-5707 ROCKAWAY DR, UNION CITY, GA 30291, $37,000
-2740 RANDALL ST, ATLANTA, GA 30344, $22,000
-997 NEAL ST NW, ATLANTA, GA 30314, $15,000
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There's no reason to buy a foreclosure home if you are not getting a deal. Make certain you're dealing with an educated company that will show you through the process to help you make a good deal for you and your family.
About the Author
Terrence Bixby works as a freelance author, that writes useful articles or blog posts for Atlanta Short Sales Professional Realty 1st. If you would like more info about our Short Sale Services In Atlanta kindly visit our website, or contact us at 678-739-4327.