Free Article: Atlanta Foreclosures

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Purchasing Atlanta Foreclosures
By Myles Johnstone

The Local Law

The local laws concerning Atlanta foreclosures are quite simple and take less than two months to complete in most cases; most of the proceedings are actually complete in about a month. A listing must be made in the local news paper featuring the pertinent details of the property and the date, time, and location of sale, plus the owner of the property and the name of the lender.

Availability

There are thousands of Atlanta foreclosure properties available, in every size and style a person could want; there are savings available from twenty to fifty percent, and there are virtually no limits on the size or quality of the property.

Million dollar homes are available for purchase as readily as small one bedroom condos; Atlanta foreclosures are listed for sale as soon as the “Notice of Trustee Sale” is completed. These early listings enable buyers to investigate the property and to bid on the property at the court house; bidding at the courthouse can lead to a lower price than purchasing from the highest bidder after the proceeding.

Places To Find Atlanta Foreclosures

Atlanta foreclosures must be listed in local paper for four consecutive weeks according to the Georgia state law; there for the local news paper is a good place to begin looking for foreclosed property. There are also exclusive foreclosure publications and lists available at most locations which sell news papers and magazines.

The internet is full of sites which have foreclosure listings for the entire United States, and some which are even specific to Atlanta foreclosures; many of these internet sites will give limited information for free.

After the free information is received a membership fee is often required to view all the details of the Atlanta foreclosure; before the customer is required to pay the fee a free trial is often offered. Potential customers should be aware that these free trials still require a credit card or banking account number; also that the service must be cancelled within the trial period to avoid charges to their credit card.

Many realtors also deal in foreclosed homes as well, either homes which were purchased as investments from a foreclosure proceeding or as defaulted property which they still retain the rights to.

Buying Atlanta foreclosures is a less expensive way to purchase a first home, investment property, or to upgrade a current home; some foreclosures can be had for little or no money down besides catching up the payments of the property.

 

About the Author
Myles Johnstone writes exclusively for business & finance related sites about such subjects as commercial mortgages and foreclosures

Source: Business Articles

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