Wednesday, May 6, 2009

3BR/1BA Home for $47.48 per Month, East Point, GA

EXTRA! EXTRA! EXTRA!
CHEAP ATLANTA FORECLOSURE LEAD!


Home for $9,900 in East Point (Atlanta, GA area). It's a 3BR/1BA and is listed with STEWART BROKERS (Paul Stewart), 770-439-9999.

Address: 2604 CHENEY ST, EAST POINT 30344

Directions to this pink cutie: I-285 SOUTH, TO LANGFORD PKWY EXIT 5A, TO RIGHT ON DELOWE DR, TO LEFT ON HEADLAND DR, STAY STRAIGHT TO GO ONTO NORMAN BERRY DR, SLIGHT RIGHT ONTO RAMP, LEFT ON CHENEY - AND YOU'RE THERE, HOME BABY!

If you take a peek, tell 'em you found it on our blog.

We know you want the math: put down 20%, and, at say 6%, 30 years, you'd be looking at $47.48 per month as mortgage payment.

Not bad, not bad! SUUUUPPPPERRR!!! Go for it! Psst: consider offering 25% less and coming to table with hard, cold cash. Mortgage payment? Zero!

Happy investing!


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Monday, May 4, 2009

Atlanta Georgia Foreclosures

In today's real estate market, the practice of purchasing foreclosure properties has gained popularity and considerable steam. Investors and flippers love foreclosure properties for the rock-bottom prices and fast availability.

If you are interested in becoming involved in the Atlanta Georgia Foreclosure market, the first step is to learn how to find suitable properties. One commonly held belief is that foreclosures are only available in depressed real estate markets.

While it may be true that the number of available foreclosures rises when the overall market takes a hit, it is worth mentioning that foreclosures can be found even in burgeoning markets - so, while there will certainly be more properties available in a falling real estate market, there is no such thing as a bad time to look.

One of the best and most fruitful ways to find suitable foreclosure properties is through a licensed real estate agent. This industry professional will have your best interests in mind when hunting for properties - and help from a real estate agent can reduce the chance that you will wind up with a lemon.

A real estate agent can help locate Atlanta Georgia Foreclosures by utilizing the full benefits of a Multiple Listing Service to pull up foreclosed properties. You can locate an agent who focuses on foreclosures through old-fashioned methods: ask around, make some calls, and drive through neighborhoods. Look for "for sale" signs that say "foreclosed," "bank-owned," or "bank repo" - and call the agent listed on the sign.

Even if you're not interested in the property you've seen, contacting this person can be a great way to find foreclosures: the agent might have information about new foreclosures that have not yet been listed because bank management staffs are in the process of approving listing prices on foreclosed properties.

You can also uncover available foreclosure properties through a variety of other means. One way is through bank websites. Many national banks, for example, include a list of bank-owned properties on their websites. Outside of banks, look to asset management companies for listings: these corporations are hired by lenders to handle foreclosures on properties owned by the lender.

For more Atlanta Georgia Foreclosures, you can also consider checking with government agencies (like HUD, Fannie Mae, the Department of the Treasury, and the Small Business Association) or a variety of auction houses.

Another route is to use a web-based foreclosure company that provides lists of Atlanta Georgia Foreclosures for a subscription fee. These companies do all the work of searching and can possess a staggering amount of knowledge on a local level.

Any of the above methods can be a great way to find available foreclosure properties - but always remember that it's smart to complete your foreclosure purchase with the assistance of a qualified realtor who will have your best interests at heart.

Via Article Source: http://www.articlesnatch.com.

About the Author:
A real estate agent can help locate Atlanta Georgia Foreclosures by utilizing the full benefits of a Multiple Listing Service to pull up foreclosed properties. You can also uncover available foreclosure properties through a variety of other means. One way is through websites. For more Atlanta Georgia Foreclosures, you can also consider checking with government agencies.



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States with Highest Foreclosures are Warm States

According to an article on CNNMoney.com, 26 of the areas with the highest foreclosure rates are concentrated in the states of Nevada, California, Florida and Arizona. These are traditionally warm states, hot! RealtyTrac, an internet marketer of foreclosures, states that metro areas in these four states topped the foreclosure filing list for the first quarter of 2009. Las Vegas topped the list altogether.

It's peculiar that the states with the highest foreclosure filings are in tropically warm cities. Ever wonder why? Here are a few personal theories:

I'd have to guess one reason is that older individuals flock to warmer climates for retirement, many purchasing homes. We've all heard rumblings throughout the years of senior citizens being taken advantage of by predatory lending practices. Foreclosure rates have skyrocketed in warmer climates where many seniors reside. I wonder how many of these foreclosure filings are due to unrealistic arms, predatory refinancing, reverse mortgage, and the like.

Another gander is second homes. Many people buy second homes, “vacation” properties, in warmer climates. Miami, baby! I'd love to own a condo on the beach near Sunny Isles one day, but the maintenance fees and other monthly carrying charges have kept me simply salivating at the window. But many people have jumped into purchasing second homes in states like Florida, only to see the market take a dive.

We've seen more than a few harsh hurricane seasons on the Floridian peninsula over the last decade. I wonder how many condo associations have suffered because the property insurance wasn’t adequate to cover hurricane damage, which means condo owners likely had to dig into their own pockets to make up the difference. It’d be interesting to know how many condos in this scenario contribute to the foreclosure crisis. Just something to make you go, "Hmmmm..."

Further, the hot states that hold these secondary homes, vacation rentals, are not as busy with tourists as they used to be re: a recession riddled with increasing layoffs and deep cutbacks. Lack of disposable income is simply keeping people close to home. And, in reality, an investor's second home is also likely to be an investor's second priority when it comes to making a mortgage payment on the heels of a job loss or small business shutdown. Many investors are walking away from their vacation homes in an effort to save their primary residence.

"I'd bet my bottom dollar a large number of foreclosures in areas like Las Vegas are second homes," said Cassandra Black of Foreclosure Cleanup, LLC in Atlanta. Las Vegas led the pack with one in every 22 homes receiving a foreclosure filing during the first quarter of 2009. That’s more than seven times the national average. Merced, California ran a close second with one in every 24 homes. Wow!

Other metro areas on the top 10 list were in the Golden State of California in areas like Riverside-San Bernardino, Modesto, Bakersfield, etc. , along with the Sunshine State's Port St. Lucie and Arizona's Phoenix.

Across the board, there are varying reasons why foreclosure rates have peaked in certain areas, but these are just a few theories why foreclosure rates have skyrocketed in "hot" areas.

To view the full list of areas with the highest foreclosure rates, visit http://www.ForeclosureCleanup.biz and click on Foreclosure Rate Data.

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Video Released Via YouTube Show No End Insight for Atlanta’s Foreclosure Crisis

“Kyle Ransom tours metro Atlanta foreclosure communities and predicts foreclosure crisis show no end insight.”

FOR IMMEDIATE RELEASE

PRLog (Press Release) – Atlanta, Georgia) – Ransom Enterprizes, LLC an Atlanta company reveals an inside look into metro Atlanta’s foreclosure crisis. Displaying a live video tour released via YouTube about which areas in Metro Atlanta, Georgia have the highest foreclosures and how foreclosures are impacting Atlanta communities.

According to Kyle Ransom, President of Ransom Enterprizes, LLC Metro Atlanta’s foreclosure crisis ground zero is The West End Historic District (http://www.nps.gov/nr/travel/atlanta/whd.htm). Revealing lenders have zoned The West End Historic District area as high risk and refuse to loan money in this area.

The Mortgage Bankers Association released a report in March of 2008 announcing that the State of Georgia foreclosure rate was ranked as 23rd in the nation. Equity Deport, tracked 13 metro Atlanta counties and presented that metro Atlanta’s foreclosure rate increased by 45%, compared to 2007.

In February of 2008, RealtyTrac ranked Georgia in the top 10 for foreclosure filings and foreclosure rate. Revealing Georgia had a total of 7,631 foreclosure filings, default notices, auction sale notices, and bank repossessions.

To view Ransom Enterprizes, LLC video via YouTube go here:
http://www.youtube.com/watch?v=JNIEPyQMVSM
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Kyle Ransom is the president of Ransom Enterprizes, LLC. He has been actively working in the Metro Atlanta Georgia's real estate industry for over 10 years. Ransom professional credits include real estate mortgage broker, investor, and developer. He speaks to public audiences about real estate trends and practices.



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Welcome to Cheap Atlanta Foreclosures


Welcome to Cheap Atlanta Foreclosures! Good blog to come to for leads (many under 10!) and foreclosure investing information.



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