Georgia #7 for Foreclosures in August
October 9, 2010 by Aaron Hofmann
Filed under Real Estate
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
According to RealtyTrac, Georgia continues to rank among the states with the highest foreclosure rates in August. August foreclosures increased 30 percent over July and equated to one for every 246 households.
Obviously, this isn’t great news for a lot of homeowners who are struggling to make payments. And if you are one of those Atlanta homeowners, we can definitely recommend seeking assistance through ShortSalesCentral.com, a service dedicated to helping distressed Atlanta homeowners.
The flip side, is that foreclosures do offer opportunities for savvy homebuyers. We continue to see some great deals in the current Atlanta market. Combined with historically low interest rates, it really is a great time to purchase Atlanta real estate. If you are looking for a bargain, contact us today and we can do a home needs analysis and put you on our foreclosure alert system. Our foreclosure alert system allows our clients to be notified as soon as a hot property hits the market.
In the meantime, here are some great Atlanta foreclosure opportunities.
Georgia Ranks Eighth in Foreclosures
October 5, 2010 by Aaron Hofmann
Filed under Real Estate
Foreclosures continue to impact Georgia homes. According to RealtyTrac, 27.4% fo all homes sold in the second quarter in Georgia were foreclosure sales. While this is an improvement from the second quarter of 2009, we still have a long ways to go in this process.
Georgia ranked 8th for foreclosures nationwide, behind Nevada, Arizona, California, Rhode Island, Massachusetts, Florida and Michigan.
So many homeowners feel hopeless when faced with the possibility of foreclosure, whether it be depression, embarrassment or just plain uncertainty. You do have options to foreclosure. There are a variety of programs available to incentivize banks to reduce the number of foreclosures, which include loan modifications, deeds-in-lieu of foreclosure and short sales.
If you need assistance and aren’t sure what to do, keep in mind that inaction has never solved anything. Check out ShortSalesCentral.com for some great information on short sales and contact us if you have any questions. Remember that we can’t help you, if we don’t know that you have a problem. All of our consultations are confidential.
