Government Foreclosures. Foreclosed Homes, Properties & Real Estate Auctions

Georgia Foreclosures

Athens, GA Foreclosed Homes and Houses for Sale

Tempting Choices in Consolidated City-County

The Athens-Clarke County foreclosure auctions currently have a range of only 56 foreclosed homes and houses for sale. These have the median listed price of just $129,900. There are a much larger number of 1,917 other MLS and FSBO houses for sale at the Athens real estate listings auctions in the coming days. These properties carry the median asking price of a relatively higher $159,900. It can be concluded that though the number of foreclosed homes in Athens is very low, their average price is inviting enough to attract intending homebuyers keen to grab magnificent properties at lucrative discounts.
Eric Orbock, Larry Dillard, Larry Toole, Howard Scott and Chris Bell are prominent property brokers among the umpteen who function in the city. You would be advised to invest your money at the property auctions only in accordance with prudent guidance from an expert real estate agent. The present market times are especially tempestuous and only a seasoned property broker can be trusted to safeguard your financial interests adequately.

Athens-Clark County is a consolidated city-county in the US state of Georgia. The erstwhile city of Athens had developed around the University of Georgia. The unified Athens-Clarke County was formed in 1991 and is the hub of the Athens-Clarke County MSA {metropolitan statistical area}, which also includes the counties of Oglethorpe, Madison and Oconee. In the US, a unified city-county refers to a city and a county that have merged under a single jurisdiction.
The suburbs of Athens-Clarke County include Colbert, Bogart, Lexington, Comer, Watkinsville, Hull, Winterville, Danielsville, Ila, Crawford, Colbert, North High Shoals, Carlton, Arnoldsville, Maxeys and Bishop.

Foreclosure Auctions’ Popularity among Buyers

The pricing of the foreclosed homes in Athens-Clarke County underscores the fact that seized homes are offered at attractive discounts by the auctioneer. The auctioning agency could variously be Fannie Mae, Freddie Mac, VA, HUD, Sheriff or banks. The lending bodies foreclose homes upon the owner being consistently unable to meet her mortgage payments. Hence, these seizing bodies auction such properties with the sole intention of recovering the balance loan amounts due. The foreclosure auctions represent an opportunity to buyers to acquire fabulous residences at amazing discounts at the hapless dispossessed owner’s expense. It’s a win-win situation for both the auctioneer and the buyer. The spate of government foreclosures in the US in recent years has, therefore, proved to be a boon to potential homebuyers. The ensuing foreclosure auctions in every city and town throughout the US has enabled buyers to purchase properties that they would normally have found beyond their reach.

There are other equally cogent factors that explain the popularity of foreclosure auctions among aspiring homebuyers. These may briefly be summarized as: the reliability of the auctioneering agencies, the clear titles of the properties, the simplicity and transparency of the auction procedures, the easy home finance available from mortgage companies, and the updated information pertaining to the foreclosure auctions in various websites on the internet.

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