Yes, there are foreclosures available in Atlanta and the surrounding areas for 50 cents on the dollar.  These properties typically need some work, but it won't necessarily be structural and can be just cosmetic in nature.  The key to obtaining properties for such a discount is being able to spot opportunities and knowing how to get a Low Offer Accepted. Foreclosures won't be listed for 50% of the after repair market value.  Rather,they may be listed for something like 65% of the after repair market value.  Then you need to get your relatively low offer accepted. There are strategies you can employ to increase your chances of getting a low offer accepted, e.g. making an offer towards the end of the year (banks want to unload inventory before year end) and shortening the contract period so that it is more appealing to the bank.

To obtain a list of the best priced foreclosures in Atlanta, click here: http://atlantaspreferredbrokers.com/content/article.html/2518835/