An area of 59,441 square miles, Georgia is divided into four distinctive geologic regions called the ridge and valley, the Piedmont, the Blue Ridge and the coastal plain. The state is blessed with nature's bounty where 250 species of trees are protected and is inhabited by 160 species of bird and is home to the deadly rattlesnake, cottonmouth and the copperhead snakes. It enjoys a sub tropical climate and a history that can be dated back to the 14th century.
Who wouldn't want to buy a home foreclosure in Georgia when the state speaks loud about its deep cultural roots, and is surrounded by 48 state parks and numerous wildlife reserves? Of course, first you will need to find the right home. For that you can consult a real estate professional or find a copy of Georgia foreclosure listings. These listings are available with online real estate companies who update it on a regular basis so that you can get the latest information on Georgia foreclosures for sale. The lists also have vital information and description of each and every home that has been foreclosed anywhere in the country. Imagine having the opportunity to choose from 500,000 homes. That is quite a lot!
Foreclosure Activity in Georgia
The foreclosure rates have not been stable and dipped in December last year to rise again in January. Georgia reported that 7,342 properties were in some stage of foreclosure in January 2006. As a result, it had the highest foreclosure rate in the country in January with one in every 422 homes. This means that there are many more Georgia foreclosed homes ready for auction this year. Although you have a lot to choose from but it is always important to first identify your requirement. If you are single then there's no point buying a 4-room bank foreclosure in Georgia as it will be more expensive and not of much use.
Once you have identified your requirement the next thing to do is find a matching home from the listings. Don't select just one home; choose a handful of them for comparison purposes. The next step is to physically check these homes. As a part of Georgia bank foreclosures, you will always get a home as you see it. This means that if any repair work is required then that will be your responsibility as a homeowner. If you check the homes before bidding then the chances of your finding and buying the right home will be much higher.
Once you find the right home, you need to find a lender. It is always recommended that you have a lender at hand before bidding. You can get a Georgia foreclosure home for as high as 25% discount but whatever the discount is, it is always going to be worth buying a home in the peach state of Georgia.
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