Atlanta Foreclosures For Sale
The search will pull everything listed as Atlanta foreclosures for sale in the FMLS. It's the fastest and easiest way to search foreclosed homes for sale in Atlanta. For advanced and custom foreclosure searches, please visit our Atlanta MLS search page. From the advanced search, you can create your own custom search which you can name and save.
Listing information last updated on April 5, 2020 at 5:45 AM EST.
The Atlanta Foreclosure Market
Foreclosures in Atlanta are far and away the most sought after properties in the market today. There truly are exceptional properties, many barely lived in, that have come on the market as a result of the subprime lending in the past several years. Navigating through the inventory and finding properties that demonstrate an exceptional value may not be as easy as looking at a price for a home and viewing the photos as it looks online. We are hear to help you to determine what properties do represent exceptional values.
Recommendations on Buying Foreclosures
Foreclosures sometimes represent better value than other comparable properties, but, the process for buying a foreclosure is not the same as purchasing a resale home from a homeowner. Most often, foreclosures are sold "as is", but, there are items which we may be able to negotiate for you to try and protect your interest. If you want to buy a foreclosure, do not even begin looking in earnest until you have been pre-approved with a lender. It is a requirement to submit your proof of funds or a prequalification letter with your offer. Sometimes, foreclosures require that you prequalify with their preferred lender. This does not mean that you must use their lender, but, they want to ensure that you truly are a qualified buyer. You might be better served by choosing a lender that you feel comfortable with rather than their lender. You have that option. It's also not uncommon in today's market to place an offer on a foreclosure only to find that there are already several additional offers on the home. Choosing professional representation can save you time, money and the headache often associated with a process that can become very long and drawn out as banks are inundated with inventory.
Foreclosures are Real Estate Owned (REO) Properties
This is not to be confused with what is called a "short sale". Foreclosures are properties that have been taken back by and owned by the bank and are ready for sale.