Georgia Foreclosures & Foreclosed Homes For Sale

Interest rates are low, foreclosed properties are plentiful, and it’s a buyer’s market – so, should you buy a foreclosed home? Dan Immergluck, a professor of city and regional planning at the Georgia Institute of Technology’s College of Design, estimated in an unpublished research paper that a firm like Harbour could generate an annual return of at least 28 percent based on the way it prices homes. Now when you go to buy these homes there are several of the institutions that will require you to be represented by a real estate agent.

Homes that reach the real estate owned (REO) phase of foreclosure are often in the worst structural condition. It’s also not unusual to hear of homes sold to buyers in other states and countries, with purchase prices rising with every flip. This process involves the sale of the property by the mortgage holder without court supervision (as …