If you have ever had the good fortune to visit the mountain towns of Ellijay or Blue Ridge, then you know the area as one of the most picturesque in the country. Because of the mountains and National Forests as well as the relatively undisturbed natural scenery it has become the choice for many people to have a vacation home or buy a second property. Tourism is one of the largest driving forces of the economy in the Blue Ridge area, and some of the people that come and visit immediately fall in love with the place and want to own a property there.
Unfortunately for a large number of buyers, the area is so nice that they ended up purchasing properties that were a little bit beyond their means. It has meant that there have been many homes that have been the subject of foreclosures and people have sometimes had to walk away from beautiful mountain cabins.
Occasionally from a bad situation can arise good opportunities. If you have the finances in place to purchase a property in Blue Ridge or Ellijay you can probably get a very good deal on it. Because many of the smaller banks in the area have taken a beating on loans that have gone sour they may be willing to short sell certain properties. You could end up picking up your dream home for much less than the last buyer paid for it.