Another's Loss Could be Your Gain… Foreclosures on the Rise

As the foreclosure rate steadily increases, The Home Source 'Home Team' is helping buyers find affordable foreclosure homes in Atlanta's 'Southern Crescent'.

Peachtree City, GA (PRWeb) February 4, 2007 -- In the not so distant past, everyone was jumping on the bandwagon ready to gobble up the low interest short-term and interest only mortgages flooding the market. Now as interest rates continue to rise, many of these loans are coming due with a "balloon" or "must refinance now" clause for which many homeowners didn't bargain for, forcing banks to take back these properties through foreclosure.

Atlanta Homes South's 'Home Team' of Kem & AC Roda are now approved agents for a major player in the home mortgage industry and are authorized to market and make available to the public properties taken back through foreclosure. Simply navigate to http://www.AtlantaHomesSouth.com or http://www.Atlanta-Foreclosures.com to preview these homes.

Many of the homes finding their way into foreclosure are generally in good condition and typically do not need major repair, contrary to what most people associate with homes in foreclosure. However, to ease the qualification process, the owner banks make an extra effort to assist buyers through special financing and incentives for those who qualify.

As the list of properties changes regularly, it's a good idea to bookmark www.Atlanta-Foreclosures.com and check back often. In addition to the homes offered on the site, the 'Home Team' has access to all listed foreclosure homes in the Atlanta area. If the home is located in Atlanta's Southern Crescent, a 'Home Team' member is happy to assist; however, if the home is located elsewhere in Atlanta, a qualified affiliate agent will facilitate the purchase.

Similar to traditional home purchases, the bank owner allows for a 7-day due diligence period for buyers to have the property thoroughly inspected. If at the end of the 7-day period the buyer chooses to terminate the agreement, they can do so without penalty and receive a full refund of the earnest money.

The owner bank and the 'Home Team' encourage anyone interested in foreclosure properties to view the homes listed at http://www.Atlanta-Foreclosures.com and contact a 'Home Team' member to make an offer. Regardless of the listed price, all reasonable offers will be considered. For more information, contact Kem, AC, or Linda at 678-234-1239.

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