Where are the buyers for all the Georgia foreclosure homes? Real estate teams in the Atlanta metro area have reported a pick up in sales over the last two months, but noticeably in the higher priced home market. Low priced one bedroom units sales have languished. And yet the demand for affordable rental units is very great. Wary investors are not yet attempting to realise the bargains that could be had by buying from swollen stocks of bank and other lender owned property. With evictions so much on the rise where are the unfortunate to be housed? Georgia has been particularly hard hit by delinquent home loans this year. As well as recording foreclosure filings rates among the highest in the United States, the Peach State now records the highest Chapter 13 bankruptcy filings rate. Georgians are forced to file for bankruptcy to try to avoid losing their homes to foreclosure when, unable to refinance, they face not only a cold seller's market but also a swift foreclosure timeline; the out of court process can end in a sale in two months.
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