Buying Foreclosed Properties Still Viable in Metro Atlanta

by cassy82 | February 8, 2010 at 04:33 am

143 views | 10 Recommendations | 0 comments

Buying foreclosed properties in metro Atlanta is still viable both in the residential and commercial sectors as foreclosure activity is still rising in both sectors. Recent multifamily foreclosures include properties owned by Dawson Co. Meanwhile, residential foreclosures involved nearly 79,000 in 2009.

Buying foreclosed properties in metro Atlanta is still viable both in the residential and commercial sectors as foreclosure activity is still rising in both sectors.

The number of condo buildings, multifamily complexes, commercial centers and office properties is still rising, as shown in the recent foreclosure of properties owned by development firms like Dawson Co., John Williams, Barry Real Estate Companies and University Village Partners LLC.

Jones Lang LaSalle, one of the biggest commercial real estate firms in metro Atlanta, said that commercial foreclosures will still continue this year because of the rising vacancy rate in office buildings. The rate is now approaching 25 percent, according to the firm.

By Cassiano Travareli