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Foreclosure Sales Article
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The Quality of the Neighborhood is an Important consideration when Purchasing a Foreclosure Home
from:When you are prospecting for a foreclosure, home the neighborhood should be taken into consideration. We all want to have a great home, but the neighborhood also plays a big part in the value of the foreclosure home purchase.
Investigate the area:
• What is the surrounding property like? Is it well kept or rundown? Is it a residential area exclusive to homeowners or is there a mixture of homes and rental units sandwiched together?
• Is the community stagnant, deteriorating, or being built up?
• Is there commercial property in the area? Are their retail stores and grocery chains either already in the neighborhood are considering coming into it?
• Will you have easy access to retail outlets without having to use your car each time you need a loaf of bread or and gallon of milk?
• Do you have access to buses and taxis, trains, subways or other public transportation?
• How many for sale and for rent signs are visible? From a foreclosure home purchase standpoint, it is always a more lucrative investment if there are more homeowners than renters or tenants in the immediate area. Property values are higher in an area that caters to homeowners.
• Not only is it important to consider the condition and age of the foreclosure home you are considering, it is also important to look at the age and maintenance level of all the homes in the area.
• Similarly, consider the age and quality of the cars in the area as well as the city maintenance of the roads and streets. Are there quiet residential streets or busy thoroughfares?
• Are the sidewalks clean and litter free, is there a good quality trash collection system, are the public parks well maintained?
• Are there community centers, schools, training centers, career opportunities in the area or close to the area in which you would like to buy foreclosure home?
• How good are the schools rated in the area?
• Consider the noise factor if you will purchase a foreclosure home in the vicinity of a industrial park, opposite an elementary or high school, or within the downtown core where there is traffic congestion, night clubs and various other night life activity.
• What is the level of security in the area? Are there hospitals, clinics, fire stations, and police stations? Is there a neighborhood watch?
• What is the crime rate in the area?
As you can see from the details provided above that purchasing a foreclosure home is more than merely living in a home, it is a community investment. For more tips on community living click on the site U.S. Department of Housing and Urban Development
Foreclosure Sales Specific links
Foreclosure Sales News
Sales of Previously Owned U.S. Homes Probably Climbed in April - Bloomberg
 Bloomberg | Sales of Previously Owned U.S. Homes Probably Climbed in April Bloomberg Home prices rose 0.6 percent in March from the previous month, the first sequential advance since July and the third straight month-over-month gain excluding short sales and foreclosure sales, mortgage data company CoreLogic Inc. reported. |
AMENDED NOTICE OF FORECLOSURE SALE . . . - New Bern Sun Journal
AMENDED NOTICE OF FORECLOSURE SALE . . . New Bern Sun Journal AMENDED NOTICE OF FORECLOSURE SALE 09 SP 199 Under and by virtue of the power of sale contained in a certain Deed of Trust made by Patricia L. Lahti to Kim S. Curtis and Jerry B. Flowers, III, Trustee(s), dated the 22nd day of February, 2007, ... |
Foreclosures tick up in the Buckeye state - WTAM.com
 Business Insider | Foreclosures tick up in the Buckeye state WTAM.com It was also the only metro area in the state with a foreclosure rate below the national average. Banks are putting more and more of their re-owned homes back on the market or selling them through short sale agreements. That's hurting housing prices ... 10 States Where You Can Get Amazing Deals On Foreclosed Homes |
Short-sale aid takes shape - TheNewsTribune.com
Short-sale aid takes shape TheNewsTribune.com Pierce and Thurson counties had relatively few short sales in 2011, according to data from foreclosure listing firm RealtyTrac. They made up just 16 percent of all home sales in Pierce County last year compared with the 26 percent that were sold out of ... |
Vue condo tower hits auction block - Charlotte Observer
Vue condo tower hits auction block Charlotte Observer Clerk of Superior Court Martha Curran signed an order Monday clearing the way for the lender to foreclose on the 409-unit building at Fifth and Pine streets. The entire building and its contents will be sold at once, excluding the condos and parking ... |