Over 8400 Metro Atlanta Foreclosures Set For Auction
Atlanta Real Estate News, Tina Fountain Realtors News
According to an article running in today's Atlanta Journal Constitution (aka The AJC) there are over 8400 properties slated for the courthouse steps auction next month. Each metro Atlanta county conducts foreclosure auctions on the first Tuesday of each month, next month is scheduled for February 3rd.
Fulton County Has 1838
The county with the largest amount is Fulton with 1838 properties on the books, followed by Gwinnett and DeKalb. The county with the fewest is Fayette, located south of Atlanta, with only 128.
The new number of 8400 sets an all-time high (or low) for the number of foreclosures scheduled for auction, the previous high was 7967. Which was established just this past September.
Looking For Atlanta Foreclosures?
Our home search feature offers the ability to search only properties that are in foreclosure. Read our How To Find Atlanta Foreclosures and Short Sales blog.
If the entire process of foreclosures is new to you try our How To Capitalize on Atlanta Foreclosures blog.
For more information on metro Atlanta Real Estate contact Tina Fountain Realtors at 404.842.1555
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Date: Tuesday, January, 13th 2009 @ 08:48:36 AMViews: 2000
This blog entry currently has 9 comments posted.
Bend Real Estate
Wow! 8400 foreclosures. Our foreclosure rate is pretty high as well, but not many are selling at the courthouse steps. Are you seeing multiple offers on foreclosures? We are seeing the banks pricing homes lower and receiving multiple offers.
- Dylan Darling
Tina Fountain
Dylan, we're running into that with the banks as well. Many banks are pricing the homes for a quick sell and we're getting offers that are over the list price.
Thanks for visiting our blog.
Real Estate Marketing
Wow, that is a lot of foreclosures - it's sad to think that many people have lost their homes, but its also an excellent opportunity for buyers. One of my friends just grabbed an unbelievable deal on a foreclosure here...he probably wouldn't have been able to afford a home otherwise.
- Chelle
Portland Real Estate
that is an astonishing number! so are the people losing their homes moving into rentals? are rents on the rise?
- Greg @ Portland Real Estate Cafe
Tina Fountain
Greg, many are vacant and sitting empty. Another recent stat came out, and Atlanta was 3rd in the country for vacant properties. It's a great time to be a buyer!
Thanks for visiting.
AV Homes
That's an phenomenal amount of foreclosures. It sounds like a homeowner's nightmare and an auction buyer's dream. I hope you're seeing an improvement in your market since you posted the statistics. Good luck Tina.
- Susan
Real Estate in the Antelope Valley
Hi Tina,
It is interesting to look back at this article and see these numbers. I wonder how they compare now?
I understand they went back up again this month.
- Chris Ronk
Morristown NJ Real Estate
Welcome to the Do Follow revolution.
Great looking site and blog you have. Atlanta is lucky to have you.
- James Boyer