Foreclosures Still Plentiful In Georgia, From commercial properties to multi-million dollar mansions down to small 2 bed, 1 bath cottages, it appears that there are still plenty of foreclosures and thus potential investment properties available across metro Atlanta and the entire state of Georgia.
Using Zillow’s handy mapping capability, a search for all properties for sale as foreclosures yielded over 46,000 results. While I have no doubt that some of these entries may be duplicates or multiple listings on a single property done at various times. In any case this is still a hefty number of properties. Homes sales are also down significantly across much of metro Atlanta, as I reported in an article here several weeks ago.
I also checked southernREO.com which is one of Atlanta’s premier REO brokerages, and they had 200 listings, many of which appeared to be realistically priced and not surprisingly most of those listings in the preferred areas such as Alpharetta, Roswell, Sandy Springs, and other close-in communities on the northern side of town were either under contract or being negotiated. There were still plenty of properties available or coming online soon. The big REO brokers in Atlanta are still very busy and still carrying hundreds of listings on a regular basis.
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