Midtown Atlanta Condominium Foreclosures

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That this is the time to buy real estate when prices are low and discontent and uncertainty are in the air, recalls the story of one of the great Rothschild bankers who lived in 1871.

It is told of this Baron Rothschild that in the days following the defeat of France in the Franco-Prussian War, when the mob ruled Paris, that a friend went to him and said “What are you going to do to protect your interests in this dreadful hour?” The Baron said to him, “Can you keep a secret?” He said, “Yes,” and the Baron said, “Well, if the truth must be told, I am protecting myself by buying real estate.” His friend said, “Do you mean to say you are buying real estate with the gutters of Paris running with blood and the city in the hands of a mob?”

Rothschild said, “Yes, my friend, I mean that very thing, and that is the only time, when the gutters are running with blood, that you can buy real estate at 50 cents on the dollar.”


While perhaps not as catastrophic as Paris in 1871, we’re certainly living in  challenging times.  There are some tremendous deals out there, in particular in markets that saw the most dramatic surge of boom-time overbuilding.

If you’re interested in browsing condominium distressed sales (foreclosures and short sales), click here.  The link leads to page of up-to-the-minute condominium listings in Midtown, Atlanta.

Edit Credit: The Big Apple

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Jon Effron is widely regarded as one of the leading Realtors in Atlanta, working with both buyers and sellers throughout the metro area to maximize their real estate investments. In 2014, Jon was the #1 individual agent at Keller Williams Intown, one of the largest brokerages in Intown Atlanta. Prior to becoming a Realtor, Jon was the Vice President of Development at Tujay Group, an Atlanta real estate development firm. His career pre-real estate included stints at ABCNews.com, eGroups (now Yahoo! Groups) and Elite Traveler magazine, where he served as the Vice President of Marketing.