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Hot Foreclosure Homes in Albany, GA

Foreclosure Home in Albany, GA, 31701,  S CLEVELAND ST ID: F4561721
Dougherty County, Albany, GA 31701
GA - 31701
3 2
Foreclosure Home in Albany, GA, 31707,  AVALON AVE ID: F4547687
Dougherty County, Albany, GA 31707
GA - 31707
2 1
Foreclosure Home in Albany, GA, 31701,  JOHNNY W WILLIAMS RD ID: S70275007
Dougherty County, Albany, GA 31701
GA - 31701
2 1
Foreclosure Home in Albany, GA, 31705,  CRESCENT DR ID: S70265200
Dougherty County, Albany, GA 31705
GA - 31705
3 3
Foreclosure Home in Albany, GA, 31705,  CHRISTOPHER COVE RD ID: F4545784
Dougherty County, Albany, GA 31705
GA - 31705
3 2 About Our Listings

Buy Foreclosure Houses, Apartments & Condos in Albany

ForeclosureDeals offers a solid database of Albany bank owned foreclosure homes and Albany government foreclosed homes for sale from federal agencies such as: HUD, VA, FHA, Freddie Mac, Fannie Mae, USDA. These Albany 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 Albany, GA. Our up-to-date real estate foreclosure listings in Albany 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 Albany area.

Albany, Georgia - Real Estate in The Good Life City

Albany City

Real estate opportunities for the savvy real estate entrepreneur are diverse and varied across the country, particularly in the hotbeds of American living - metro areas. One does not have to travel to New York, Chicago, Atlanta, Houston, or Los Angeles for great value, either; sometimes some of the best buys are found in smaller cities that nevertheless have something to offer.

Albany, Georgia is one such city. With a population of just under 78,000 and a metro area population of roughly 157,000, Albany is the county seat of Dougherty County in southwest Georgia. The city is a hub for commerce in that part of the state and serves as a center for manufacturing, retail, healthcare, and transportation in the local area. The Marine Corps Logistics Base Albany is one of the city's largest employers, as are Procter & Gamble, Albany State University, Miller Brewing Company, Georgia Pacific Corp, and others.

Combining the growing population of an American Sunbelt city with the charm of a small Southern town, Albany is a bright spot for its residents and potential investors alike.

Median Home Prices

Median home prices in Albany fluctuate but usually hover around $90,000. The city has a low value per square foot, typically around $54, and a vast majority of homes - around 64% - are sold for a gain. In a state known for foreclosures, Albany's foreclosure rate is relatively low, roughly one out of every 500 units compared to one out of every 331 units in the state.

Best Places for Investment

Albany has a fairly stable housing market due to the relatively high percentage of jobs in the area that are supplied by the government, higher education, healthcare, or other sectors with large employers and stable employment. This means that Albany is full of locations that are well suited for investment.

Areas and neighborhoods that are best suited for investment include Country Club Estates, Downtown, Grove Park, Lansing Park, Radium Springs, Ragsdale, and Sherwood Park. East Albany is typically an area with lower economic activity than other parts of the Albany area, with low rates of home ownership.

Georgia's Foreclosure Process

Georgia is a state that uses both a judicial foreclosure process and a non-judicial foreclosure process, although non-judicial foreclosures are typically more common. These foreclosure cases all involve mortgages that have Power of Sale clauses in them that allow the mortgagor or trustee to initiate the foreclosure process. The owner does not have to be notified of the beginning of the process, but must be informed by the leader of the date at which the sale will occur at least 30 days in advance. Owners do not have rights of redemption in the process. From beginning to end, steps required for completion of a foreclosure vary in terms of time; Georgia has one of the fastest processing times, of roughly 60-90 days.