The City of Decatur is one of the gems of suburban Atlanta. This historic and prosperous city offers a solid economic base, a highly developed infrastructure and many local attractions and amenities. However the real estate market is showing how the global economic downturn has taken its toll on even the best local communities. Lately, there has been an increase of Decatur foreclosures, which is an unfortunate sign for homeowners – but for homebuyers this can be a promising venture.
What is a foreclosure? It is when a lender is put in a position to have to repossess a home from an owner that has defaulted on their mortgage. The home is then put on the market in order to recover as much equity as possible, and sold for prices that can be a fraction of the actual market value. Decatur foreclosures offer the same types of properties as the traditional market – single-family homes to townhomes and estates – and are generally regarded as high quality properties that will not disappoint.
Decatur GA Foreclosures
Foreclosures do require a heightened level of knowledge and research, as buyers are required to follow a strict procedure that is difficult to understand without an experienced Realtor®. Prior to looking into Decatur foreclosures or even any type of property in the area like Atlanta Short Sales, remember to partner with a professional that has first-hand experience with real estate markets throughout the region and will show you the best available homes today.
For more information about Decatur foreclosures, connect with REO, foreclosure and short sale specialist Michael Brock.
