The state of Georgia is ranked as the 8th top state where there are home foreclosures. It is estimated that annually, there is a 5% rise in the volume of foreclosures in the state. This is the reason why the inventory for Georgia foreclosure homes has always been on the rise. Consequently, prices of such foreclosed homes drop when they are sold, mostly through auctions.



There is another reason these days why mortgage lenders and banks seem desperate to dispose the repossessed homes in their portfolio. A recent study of foreclosures in Georgia shows that the state is one of the markets where homeowners with mortgages simply owe more to the lender that what is the actual worth of their homes. This makes the housing and mortgage industry in the state cloudier.

Particularly, Atlanta foreclosure homes are sold like cheap pies through auctions. It is getting more obvious that mortgage lenders are swooning and are hurrying to sell Georgia foreclosure homes. Such lenders end up selling the homes at about 20% to 50% off the market value, just to collect cash so they could recover any loss in investment they may incur from lending to homeowners.

This provides a streak of opportunity to homebuyers and investors. Now is the right time to buy Georgia foreclosure homes. You should underpin the piling inventory, the significantly low prices and the market opportunity. After all, Atlanta foreclosure homes, or those in other parts of the state, are always a good investment.