Foreclosure Houses for Sale in Atlanta Ga: Here’s a detailed overview of some foreclosure properties currently available in Atlanta, GA, along with a guide on what you should know about buying these types of homes:
| Address | Price | Beds | Baths | Square Footage | Type |
|---|---|---|---|---|---|
| 4160 Alveston Dr, Atlanta, GA | $265,061 | 4 | 2.5 | 2,364 sqft | Foreclosure |
| 3112 Elmwood Ct, Atlanta, GA | $325,500 | 4 | 2.5 | 2,952 sqft | Foreclosure |
| 126 Claire Dr SE, Atlanta, GA | $155,000 | 3 | 1.5 | 896 sqft | Foreclosure |
| 393 New Hope Rd, Fayetteville, GA | $290,287 | 4 | 2.5 | 2,462 sqft | Foreclosure |
| Altaview, Atlanta, GA 30354 | $70,400 | 3 | 1 | 1,526 sqft | Pre-Foreclosure |
| Joseph E Lowery, Atlanta, GA 30314 | $74,360 | 3 | 1 | 3,091 sqft | Pre-Foreclosure |
| Magnolia, Atlanta, GA 30344 | $82,788 | 2 | 1 | 942 sqft | Pre-Foreclosure |
| Peeler, Atlanta, GA 30360 | $93,149 | 4 | 2 | 2,049 sqft | Pre-Foreclosure |
| Cheney, Atlanta, GA 30344 | $99,534 | 2 | 2 | 1,150 sqft | Auction |
Types of Foreclosure Listings:
- Pre-Foreclosure: Properties in this category are at risk of foreclosure, but the owner still retains control and may be trying to sell to avoid further legal actions. These can often be purchased at lower prices if negotiated early.
- Foreclosure: These homes are owned by the bank (REO – Real Estate Owned) after the owner failed to pay the mortgage. They are typically sold as-is, and prices may be discounted to facilitate quick sales.
- Auction: Properties sold at auctions have usually gone through the foreclosure process. Buyers must often have cash ready, as financing can be more complicated for auction purchases.
What to Know About Buying Foreclosures:
- Condition: Many foreclosure homes are sold “as-is,” meaning the buyer is responsible for repairs. It is crucial to inspect the property beforehand.
- Financing: Although some bank-owned homes may allow for traditional mortgages, auction properties often require cash payments or pre-approved financing.
- Market Potential: Atlanta’s foreclosure market presents opportunities for those looking to invest or find a home at a discounted price. Prices can range significantly based on location, property condition, and local demand.
For those interested in exploring more foreclosure properties or getting a detailed view of listings, platforms like Realtor.com, HomeFinder, and specialized foreclosure sites offer extensive resources and options
These properties can be an excellent investment for the right buyer, but it is essential to conduct thorough research and consider potential repair costs when evaluating a deal! 🏠📉