Banks Must Unload 12,000 Houses

Nearly 1 in 5 homes for sale in metro Atlanta is being sold by a bank that acquired it via foreclosure. Atlanta has 12,309 bank-owned foreclosed homes for sale in the five-county metro area, out of 71,148 homes for sale, as of Oct. 3 according to RealtyTrac.com, a national foreclosure research company.

Here is a breakdown by county...

Fulton - 4,407
DeKalb - 3,145
Gwinnett - 1,831
Clayton - 1,553
Cobb - 1,373

Because banks must be aggressive sellers, the flood of bank-owned properties onto the market threatens to soften homes prices across metro Atlanta after years of solid growth.

Atlanta Business Chronicle, October 5, 2007

FREE SHIPPING on all real estate supplies

Need additional supplies to assist in the marketing/sale of your property? MLSmart Realty is offering FREE SHIPPING on all real estate supplies ordered online at www.MLSmart.com during the month of October!

Shop the MLSmart Store online at www.MLSmart.com for signs, brochures, lockboxes, books & much more! No need for a discount code, simply shop as much as you want until October 31, 2007 and you will not be charged shipping.