Archive for July 11th, 2007
Atlanta Foreclosure Home Deals
From the NY Times:
“ATLANTA — Despite a vibrant local economy, Atlanta homeowners are falling behind on mortgage payments and losing their homes at one of the highest rates in the nation, offering a troubling glimpse of what experts fear may be in store for other parts of the country.
“The real estate slump here and elsewhere is likely to worsen, given that most of the adjustable rate mortgages written in the last three years will be reset with higher interest rates, said Christopher F. Thornberg, an economist with Beacon Economics in Los Angeles. As a result, borrowers of an estimated $800 billion in loans will be forced in the next 12 months to 18 months to make bigger monthly payments, refinance or sell their homes.”
This is a great opportunity for any home buyer in the market now, as there are a many discounted homes from foreclosures, pre-foreclosures, divorce sales, relocation sales etc. You can get a free list from here: http://www.AtlantaForeclosureDeals.com
Atlanta home prices will eventually stabilize within the next few months, as Atlanta is the fastest growing Metro Area in the nation.
Referenced article: http://www.nytimes.com/2007/07/09/business/09auctions.html
Also check out: http://calculatedrisk.blogspot.com/2007/07/atlanta-foreclosures.html
July 11th, 2007
| Sales Statistics |
| Realist’s most recent recording date for this county is 06/25/2007 |
| Single Family Residence |
| May 2007 |
1,203 |
$187,700 |
| May 2006 |
1,327 |
$185,000 |
| Apr 2007 |
1,024 |
$178,000 |
| Apr 2006 |
1,271 |
$179,000 |
| 2007 YTD |
5,685 |
$177,900 |
| 2006 |
15,521 |
$172,900 |
| Condominium |
| May 2007 |
131 |
$186,900 |
| May 2006 |
147 |
$175,000 |
| Apr 2007 |
145 |
$217,900 |
| Apr 2006 |
182 |
$165,550 |
| 2007 YTD |
671 |
$211,500 |
| 2006 |
2,219 |
$191,900 |
Sales have dropped a little, but home values are holding up well. Remember that 2005-2006 were had record home sales.
Atlanta is now the fastest growing Metro Area in the country. More than 110,000 people moved to the Metro Atlanta Area last year.
We specialize in locating homes priced below value for our clients. You can get our current list of homes from our website at http://www.AtlantaForeclosureDeals.com
July 11th, 2007
Sales Statistics
for GWINNETT County GA |
| Realist’s most recent recording date for this county is 06/28/2007 |
| Single Family Residence |
| May 2007 |
1,492 |
$202,000 |
| May 2006 |
1,902 |
$189,000 |
| Apr 2007 |
1,438 |
$195,000 |
| Apr 2006 |
1,808 |
$190,000 |
| 2007 YTD |
7,470 |
$198,400 |
| 2006 |
20,828 |
$190,000 |
| Condominium |
| May 2007 |
131 |
$154,400 |
| May 2006 |
327 |
$221,000 |
| Apr 2007 |
174 |
$157,550 |
| Apr 2006 |
343 |
$223,100 |
| 2007 YTD |
1,125 |
$177,300 |
| 2006 |
4,362 |
$218,000 |
These fingures show that home sales and values have remained strong Atlanta Home or Foreclosure Sales in Gwinnett County despite the nature of the market in other parts of the country.
We specialize in finding homes priced below value for our clients.
Do you want to save tens of thousands when you buy that next home?
Get a list of homes priced below value in Gwinnett and other counties in the Metro Atlanta Area at http://www.AtlantaForeclosureDeals.com
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July 11th, 2007
The Camp Creek area has witnessed a boom in real estate development activity over the past few years. this boom in Atlanta Homes in Camp Creek really started increasing after completion of the Camp Creek Market Place. The area is a magnet for many middle class people moving into the Atlanta area. New Home prices there range from the high $100’s to multi-million dollar homes. The Camp Creek area is very close to the Cascades and the popular Sandtown Area, located on the southside of Atlanta in South Fulton
This is a nice suburb with easy access to Downtown Atlanta and the airport. There are many good schools in the area including some of the top private schools in the Metro Atlanta Area.
The number of foreclosures in the Atlanta area has increased over the past few months. Camp Creek area home owner have also been affected. There are some good deals in the area: divorce sales, foreclosure homes, estate homes and many homes not even listed in the MLS system, priced tens of thousands below value.
You can get a list of some of these homes from our website at http://www.AtlantaForeclosureDeals.com. We specialize in locating homes priced below value for our clients
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July 11th, 2007
The number of Atlanta homes going into foreclosure has skyrocketed. In addition, the number of scam artists out there trying to make a buck or two off of these unfortunate home owners going into foreclosure is increasing. These scam artists show up infront of the desperate home owner promising to help them save their homes. Most of their victims call phone numbers from signs that read like “get money to get out of debt”, or “get money to save your house”. These unfortunate home owners don’ t know that they can do a lot to help themselves.
The first step is fit the a Atlanta home owner facing foreclosure to call their lender first. Banks are in the business of lending money, and NOT owning real estate. Banks do a very poor job managing real estate, so there are very motivated to work with you the borrower/home owner to do a shortsale. You will need a knowledgable real estate professional by your side to help you work with the bank to sell your home fast.
We put such homes on our email list and send them out to hundreds of potential buyers. These homes are sold fast at a significant discount. This is a win-win situation for all three parties. The home owner avoids going into foreclosure, which would otherwise ruin their credit. The bank doesn’t have a keep a home they cannot manage, and the new home buyer buys a nice home at a significant discount. This is a great way to buy a home for a savy buyer who is in the market for a home now as an owner occupied property or as investment property.
Visit our website at http://www.atlantaforeclosuredeals.com to buy one of these Atlanta Homes.
July 11th, 2007
