It’s déjà vu all over again for a Lake City, Ga., couple that was featured on Extreme Makeover: Home Edition.

Milton and Patricia Harper are once again in danger of losing their 5,500-square-foot Clayton County home in suburban Atlanta to foreclosure, according to WSBTV.com.

The homeowners first encountered mortgage trouble back in July 2008 when they defaulted on a second $450,000 loan that they took out against the rebuilt mansion to finance a construction business that eventually went belly up.

It appeared that they were able to resolve the situation with their lender when it did not go up for auction. Not for long — now the home is once again headed for the courthouse steps on Tuesday, March 3.

Extreme Makeover: Home Edition involves a team of designers, contractors and several 100 workers who all have just seven days to totally rebuild an entire house — every single room, plus the exterior and landscaping, according to the program’s official Web site.

While the intentions are well-placed it is, unfortunately, not uncommon for families featured on the show to run into problems once the construction and camera crews wrap things up.

Eric Hebert reportedly has little more than 90 days to cure the default or lose his Sandpoint, Idaho, home to the bank after he used the new digs as collateral to pay off an old mortgage. Sadie Holmes of Florida has had to battle code violations as a result of her remodel. And a family in Oak Park, Mich., was only able to stay in their residence thanks to outside donations.

Home values in the 20 largest metropolitan areas located throughout the United States continued to decline, falling to their lowest levels since January 2004, according to the the most recent Standard & Poor’s Case-Shiller Home Price Index.

Fourteen of the areas recorded double-digit declines and none of them posted increases for the time between October and November 2008.

This is, of course, more unsettling news for existing homeowners who need to hang in there until the market rebounds. On the flip side, it’s more good news for buyers and investors — home prices are so low right now compared to just 24 months ago it’s incredible.

These deals of a lifetime, however, are beginning to be gobbled up. We’ve been telling you seemingly forever that foreclosure sales are on the rise across the board. And once again a report today in the New York Times supports that reality.

Here’s the snip:

“… tumbling values because of foreclosure sales and forced sales have also prompted a mini-boom in some parts of the country, where rock-bottom prices have lured buyers back into the market. The National Association of Realtors reported Monday that existing-home sales rose 6.5 percent in December, the largest monthly bounce in years.”

The bottom line is there are buyers out there who are pouncing on the amazing foreclosure deals currently available, striking while the investment iron is red-hot.

And who can blame them? Now is the time to buy and invest in real estate because the long-term profit potential is mind boggling. We’re seeing deals featured on Foreclosure.com that are simply unreal.

For example, check out this gorgeous property in Marietta, Ga., which is now available for more than 60 percent less than its true value. It’s a possible savings of $305,900 or more for a home in a desirable suburban community just north of Atlanta.

That’s just the tip of the iceberg.

Check out all the amazing foreclosures deals in your area today before it’s too late. CLICK HERE.

Former heavyweight professional boxing champion Evander Holyfield is receiving the standing eight count from Fayette County in Georgia, which claims that his $10 million home in Atlanta is headed to a foreclosure auction set for July 1 because he is behind on his mortgage payments.

The 54,000-square-foot mansion comes complete with 109 rooms, including 17 bathrooms, three kitchens and a bowling alley.

But not so fast. The home — located on Evander Holyfield Highway — could be saved after all.

Holyfield had this to say regarding the situation via the Atlanta Journal Constitution:

“Everything is alright with the house now…. I’m not broke. I’m just not liquid.”

The 45-year-old slugger is also apparently behind on child support payments, as well as “running” from a loan worth more than $500,000 that was used to landscape the property in question.

Holyfield has made millions throughout his career as a prize fighter. In fact, he pocketed a cool $34 million to go toe-to-toe with Mike Tyson back in 1997 in what is now referred to as “The Bite Fight.”

That fight cost him a chunk of his ear … this one would cost a whole lot more.

Location: Forsyth County, Georgia
City: Cumming
Price: $344,900
Zestimateâ„¢: $456,404
Difference: $111,504

Note: Other comparable listings in this neighborhood range from $323,568 up to $456,404. For more property details or to talk to a local real estate agent/broker about this listing CLICK HERE.

This massive five-bedroom, four bathroom home is located in a great neighborhood just north of Atlanta. Some other superlatives:

• Full basement
• Bonus room
• Kitchen with granite countertops
• Deluxe master bath
• Two-car garage
• Fenced-in yard

To check out some of the other “Deals of the Day” feel free to visit our archive.

What’s the deal of the day? We comb through our nationwide database of more than 1.2 million distressed real estate listings to showcase some of the best investments available on our Web site each morning. These listings represent just a small fraction of the amazing investment opportunities available at Foreclosure.com. To find more bargains like the one pictured above search Foreclosure.com or sign-up for FREE Email Listing Alerts.