Atlanta Foreclosures

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The City of Atlanta is a vibrant world-class destination that is also one of the wealthiest in the South – but even this flourishing city has not been completely immune to the distressed housing market that has been growing across the nation. Today, an increasing number of Atlanta foreclosures are appearing on the area’s real estate listings, and buyers are quickly gaining awareness of the potential of investing in discounted properties.

When a homebuyer is unable to pay his or her mortgage and defaults on the loan, the lender – typically a bank – will start foreclosure proceedings. This effectively repossesses the property, and next the bank puts it up for sale in order to move the property off its books and recover its equity as soon as possible. Interested buyers end up finding properties with heavily reduced prices, beyond what they could typically expect in a regular real estate transaction. Finding the foreclosures is easier than one might think. The banks hire local agents to sell the foreclosures for them. The Atlanta foreclosure agents will market these foreclosures and sell them for less than market value to home buyers. Buyers can still get a normal mortgage for the purchase and can inspect the home thoroughly prior to making an offer.

Atlanta Georgia Foreclosures

Finding the best Atlanta Georgia foreclosures requires a superlative resource. Michael Brock has specialized in distressed properties like foreclosures and alternatives like Short Sales and REO properties for several years. He is aware of all the ins and outs of investing in a foreclosure; allow him to guide you through the process, avoid common pitfalls and identify and secure the foreclosures with the most potential. In some cases, Michael Brock will even know about Atlanta foreclosures prior to them being listed for sale, which is advantageous when trying to purchase a foreclosure prior to other buyers knowing about it. Michael also knows the lenders who offer mortgages on Atlanta foreclosures. Whether it be a Homepath loan for a Fannie Mae REO, a FHA 203k loan on a home that needs some renovations, or conventional financing, Michael can introduce you to the lenders who specialize in foreclosures.

To find out more about Atlanta foreclosures or to search for distressed properties on the market of Marietta foreclosures, connect with Michael Brock today.