You're going to be living in downtown Atlanta, so always being smart and safe about your surroundings is key. It's not an "unsafe area" but how I define unsafe, may be totally different than how you might describe it. For more detailed crime statistics by going to Atlanta PD's Website: http://www.atlantapd.org/ --- Scroll down this page to find city of Atlanta Zones and search by street, zip, etc...
Now, 2+ bedrooms for $150k in the GA Tech/Midtown area is going to be a little difficult, plus consider that you'll be required to pay $100-$500 a month extra in HOA fees - are you prepared to do that? I could probably find a few options for you in that price bracket with two bedrooms, but you're going to have to be a little flexible because of your price point. Also, it will not take you 3-7 months to into a foreclosure. It all depends on the bank that you're dealing with and maybe your Realtor had a bad experience with closing a foreclosure recently and has an unrealistic perspective of the foreclosure market. I would instead say that it will take 30-60 days to get a foreclosure closed, but hopefully more like 30. It sounds like you should either confront your Realtor with this reality or consider working with a different Agent; because there are a lot of great deals out there right now in the foreclosure/short sale market.
OH - and PROMOVE only does rental properties, so I wouldn't contact them unless you're looking for some rental space.
Good Luck & If I can be of any further assistance, please don't hesitate to contact me.
Sarah Turner, Realtor
Sanctuary Real Estate