Atlanta is a Growing Foreclosure Market
"Atlanta — the capital of Georgia — is a city in Fulton, Georgia. The city is the most populous in the state and the center of the ninth most populous metropolitan region in the U.S. It has a total population of 483,108 and a median household income of $51,482. The Atlanta metropolitan area has a total population approaching 5 million. ...
... Buying foreclosed real estate is an alluring idea in Atlanta. With a growing population approaching 500,000 people, Atlanta is a growing foreclosure market."
Data Above About Atlanta and Foreclosed Atlanta Homes provided by RealtyTrac.com.
Uncle Sam No. 1 buyer of foreclosures
"Uncle Sam has become the top buyer of Atlanta’s foreclosed homes.
During the last six months, federal agencies were the largest purchasers of metro Atlanta foreclosures, accounting for 66 percent of 5,434 foreclosed home purchases in that time frame, according to new home sales data for fourth-quarter 2008 and first-quarter 2009 compiled by Marietta real estate research firm Data Intelligence Corp.
The data show that during the same period, 1,596 foreclosed homes were bought by individuals and 253 were bought by corporations."
Data Above About Atlanta and Foreclosed Atlanta Homes provided by Atlanta Business Chronicle, as Reported Friday, May 15, 2009.
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Blog by Cassandra Black
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