In escalating number of foreclosure homes in Georgia is definitely not the type of news that the residents of this state would be happy to hear. Yet, the year 2007 saw an unprecedented rise in foreclosure filings offering no respite to the homeowners who were already battling a series of forclosure filings in 2006. Now there is a wide choice of home foreclosures in Georgia State than ever seen before!
As Georgia forclosures climb steadily up the ladder, there is hectic foreclosure activity in various parts of the state including in cities such as Atlanta, Georgetown, Dalton, Washington, Albany, and Brunswick. On the list of foreclosures by state, George can now count itself among the top 10 across the nation in not only the number of foreclosures filed, but also the rates.
Whether it’s a bank foreclosure or any other type of foreclosure, property investors and buyers looking to make an investment now, will be spoilt for choice. The best place to start looking for foreclosed properties are the foreclosure listings websites or the lists issued by financial institutions such as banks.
With Georgia having recorded a staggering rate of one foreclosure for every 332 households, residents of the state can expect to choose from over 11,400 foreclosures. As we speak, Georgia has notched the 4th spot in the Top 10 highest forclosures rates list in America. The sudden spurt in foreclosure activity has been followed by a lull in the property market, forcing experts to believe that it could be the silence before the storm.
It wouldn’t be incorrect to say that at the moment, these exploding inventories of foreclosure houses for sale in Georgia present a good opportunity for new homebuyers and investors.
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