Now is Best Time To Invest in Atlanta's Foreclosure Market

With Atlanta having the fourth-highest number of foreclosures in the third quarter according to a recent market report released by RealtyTrac, now is the best time for investors. Metro Atlanta had 21,695 foreclosures in the third quarter of 2007, a 49.1 percent increase from the year's second quarter. Although tighter lending regulations has slowed down the investment market, savvy investors can reap huge profits from the massive wave of foreclosures.

The Atlanta real estate market is flooded with bank owned homes selling at huge discounts, sometimes as low as 50 to 60 cents on the dollar. Banks are also more willing to negotiate short sales rather than losing the home to foreclosure all together. Often times, many of these homes are in move-in condition and require little to no repair work. For those properties that would require a bit of sweat equity, the payoff may still be beneficial in the end. A good search would also reveal upscale and luxury homes lost to foreclosure. Nevertheless, buyers shouldn't shy away from the real estate market, despite media and market reports that may suggest otherwise.

Contact:

Fabiola Fleuranvil, MBA
Re/Max Marketplace
(404) 437-0078
www.ATLHomeForSale.com
info@ATLHomeForSale.com