Buying foreclosed homes in Atlanta is the best way to invest in affordable properties in your area. Regardless of the type of property you are looking for, our Atlanta foreclosure listings will help both first time home buyers and real estate experts find the ideal property. Explore our database today and find amazing foreclosed properties for sale in Atlanta, GA.
ForeclosureDeals offers a solid database of Atlanta bank owned foreclosure homes and Atlanta government foreclosed homes for sale from federal agencies such as: HUD, VA, FHA, Freddie Mac, Fannie Mae, USDA. These Atlanta repossessed homes can be found in a number of ways, such as pre foreclosures, short sales, foreclosure auctions, flipping homes, bankruptcies and home foreclosures for sale in Atlanta, GA. Our up-to-date real estate foreclosure listings in Atlanta offers cheap distressed properties for buying & investing, in a great variety of properties like commercial & residential, multi & single family homes, lands, condos and apartment foreclosures in Atlanta area.
Atlanta is truly a green city, featuring a mix of densely populated apartments and commercial real estate while simultaneously offering a wide array of uniquely designed single family homes and condos for sale as well as foreclosures that invite tremendous investment opportunities for first time and seasoned buyers alike. The real estate in Atlanta mimics the incredible history and diverse communities that populate its sprawling suburbs. You will be drawn to the visual richness of the people and culture. Although real estate prices may be cheaper than you expect, you can expect the best from Atlanta real estate. Take advantage of these opportunities and start searching for foreclosed homes for sale in Atlanta, GA now!
Real estate investment opportunities abound in the U.S., from the bustling metropolitan areas of the Atlantic Coast to the sun-soaked cities on the West Coast. These opportunities are often found in metro areas because real estate is all about location - and locations are defined by jobs, entertainment, standards of living, and other characteristics common to a big city.
Atlanta, Georgia - the capital of Georgia and Queen of the South - is one such city. Atlanta is one of the fastest-growing metropolitan areas in the South and boasts the 9th-largest metro area population, with one of the most diverse populaces in the country. It is a center for finances, telecommunications, and transportation, especially with the world's busiest airport, Hartfield-Jackson Atlanta International, located next to the city. Plus, the city has a rich and vibrant cultural and social life that make it one of the most desired big cities in the nation.
Atlanta and its suburbs have a low median home price compared to other big cities, typically averaging $153,000 for all properties. This includes $95,000 for one-bedroom properties up to $287,000 for four-bedroom homes. This means that housing prices in the area are far lower than in other cities of comparable size, making Atlanta a destination for low-priced real estate opportunities. Atlanta has a value per square foot of just $96, with a low of $30 in Washington Park and a high of $250 in the Peachtree Battle Alliance neighborhood.
Another strong feature of Atlanta real estate, besides its affordability, is the abundance of great places to live and invest. There are dozens of neighborhoods and suburbs to choose from, each with its own characteristics and strong points.
One important factor is how centrally located an area is - especially for those who work downtown or in the city itself. Commuting in Atlanta can involve long drive times if one lives too far from the city (although that may be an acceptable trade-off for some). Some of the best areas that are centrally located and have stable housing prices, low crime rates, and proximity to amenities include Ansley Park, Buckhead, Castleberry Hills, Druid Hills (home to Emory University), Grant Park, Midtown, Suwanee, and Vinings.
Foreclosure rates constitute another factor. Typically, the area with the lowest foreclosure rates at any given time is northeast Atlanta, including areas like Buckhead and neighborhoods like Brookwood, Castlewood, Brookhaven, Peachtree Hills, Tuxedo Park, and Wildwood. Generally speaking, the northern half of the city has fewer foreclosures than the southern half.
Georgia features both non-judicial and judicial foreclosures, although non-judicial foreclosures are most commonly used. If a Power of Sale clause is included in the deed of trust or mortgage (and most of the time, one is included), lenders can initiate foreclosure proceedings without going through the courts. The process begins by a foreclosure notice being sent to the homeowner no later than 15 days before a foreclosure sale is to take place. But, the notice must be published in public for at least four weeks before the sale, so in effect, Georgia homeowners have roughly a month before a foreclosure sale can take place. The timeline for a non-judicial foreclosure, then, can be relatively quick, often around 90 days.
For a judicial foreclosure, a lender must petition the court and file a suit against the homeowner. The lender can also pursue a deficiency judgment against the borrower for the remainder of the loan owed after the foreclosure sale.