The recent increase in the number of Canton foreclosures is indicative only of the national housing crisis, not of anything to do with this flourishing and popular city. This wealthy area presents an exceptional quality of life that is ideal for pursuing a career or settling down to raise raising a family. Purchasing a foreclosure can actually be a big advantage, as it can extend one’s buying power and net a home that may have previously been outside your budget limit.
The market of Canton foreclosures offers the same range of homes that are on the traditional real estate market; however foreclosures are properties that have been repossessed by a lender after an owner has defaulted on his or her mortgage. In order to get the property off the books quickly and recover as much equity as possible, these homes are sold for dramatic discounts that are not seen anywhere else, even in the short sale or REO markets. Buyers can pick up a luxury home for half the cost, a fixer-upper that will still be cheaper than a new home after repairs are completed and many reduced properties that can show dramatic increases in value over the years.
Canton GA Foreclosures
A misconception with Canton GA foreclosures is that they may require extensive repair. While some foreclosures do require repairs, most only need new paint and carpet. Another misconception is that foreclosures do not have clear titles. In fact, these Canton GA foreclosures are sold with insurable title and most buyers purchase title insurance the day of their closing. With proper guidance, beginner mistakes can be avoided. Choosing the right Canton and Atlanta foreclosures is best aided by a professional that has a longstanding perspective of the market and direct knowledge of all of the homes in the area.
To start your search for Canton foreclosures, connect with the best foreclosure, REO and short sale resource working today – Michael Brock.
