Georgia Sees Huge Increase in Foreclosure Homes Volume

The state of Georgia has long been an extremely desirable place for potential homebuyers and real estate investors to look for purchases, and now the market for foreclosures is offering all kinds of deals at a remarkable value. Like the rest of the country, Georgia has seen its foreclosure rate skyrocket over the past few years due to sub prime mortgages and other housing market factors. Recently, Georgia was ranked 8th among state with the highest rates of forclosure, and while this is bad news for state homeowners, it has attracted a new breed of home purchasers looking for savings: the every day foreclosure investor.

Foreclosed homes offer special chances for savings, but in the past they were usually only sought out by experienced investors looking for the best deals. But with foreclosure homes getting more attention these days, more and more people are learning about the incredible savings they offer. The result of a homeowner's default on their mortgage loan, foreclosures are unique properties sold through public auction as a means of recovering a debt. However, since they are available through non traditional means they often go for non traditional prices, often ranging anywhere from 10 to 50% off their actual market value.

Georgia is an excellent place to find value in forclosures, as the surplus of Georgia foreclosure listings is creating rock bottom prices across the board. Learning more and investing in a foreclosed home could be a great way to save on a winning investment that could pay off big down the road.