Atlanta Foreclosures Drying Up

Atlanta Foreclosures Drying Up

From 2007 to 2010 there were a sad rise of repossessions and foreclosures of homes across the US, peaking in 2010 with over 13,000 foreclosures in a single month. Thankfully those days are behind us as the number has now dropped to below a third of the 2010 peak even though the current foreclosure rate is still higher than it needs to be.

As a buyer this can mean some cheap options to consider, though foreclosures are typically “as-is” sales and rarely does anyone leave their house willingly. For sellers, these types of home sale can significantly lower the comparable price for your home when it comes to price evaluation.

Read the full article at AJC: Foreclosure notices at lowest level in years

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