Atlanta Ranked 35th in Foreclosures

Foreclosures in Atlanta

Atlanta Foreclosures

Atlanta ranked 35th in foreclosures for the first half of 2009, according to an article in the Atlanta Business Chronicle.  There were 42,799 foreclosure filings in through June 2009, which was an 11.5 percent increase over the same period in 2008.

Georgia ranked 6th in foreclosures according to RealtyTrac’s mid year market report. There were 56,391 foreclosure filings statewide, which represented a 16 percent increase over the same period in 2008.

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2 Responses to “Atlanta Ranked 35th in Foreclosures”
  1. Cesar Butsos says:

    Hi my name is Cesar Bustos I am the owner of Cetian Investments LLC I am in San Diego Ca. and I would like to invest in Atlanta Ga. foreclosures residential property’s; I have been doing a lot a market research in the area neighborhoods, zip codes, retail prices ARV, rent prices etc.. as well as exit strategies ,and I found that Atlanta is an excellent market to do business right know and my deal LTV is not going to be more then 55% so I would like to get info. from you I look forward to do business with you guys
    Thank you.

  2. Atlanta Hard Money Loans says:

    Hi Cesar,

    I would be happy to speak with you regarding our hard money loan program. We’re seeing an increase in activity with real estate investors picking up bank owned foreclosures (REOs) in the Atlanta area.

    The good news is that these investors are rehabbing and flipping the properties for nice profits.

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