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Foreclosure Procedure 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 Procedure News
Foreclosures Hit a Record Low - Zacks.com
Foreclosures Hit a Record Low Zacks.com In the reported month, default notices issued and foreclosure auctions (depending on the state's foreclosure procedure) declined for the first time this year to 97665 properties. Default notices decreased 7% from March 2012 and 2% from April 2011. |
Foreclosures Hit A Record Low - Daily Markets (blog)
Foreclosures Hit A Record Low Daily Markets (blog) In the reported month, default notices issued and foreclosure auctions (depending on the state's foreclosure procedure) declined for the first time this year to 97665 properties. Default notices decreased 7% from March 2012 and 2% from April 2011. |
Florida Supreme Court considering foreclosure appeal - The News-Press
 KGMI | Florida Supreme Court considering foreclosure appeal The News-Press It could also serve as a template for actions in other states where courts play an integral role in the foreclosure process. Attorneys representing the homeowner, Roman Pino, say the courts have an obligation to step in and punish lenders and their law ... Florida Supreme Court Case Could Overturn Thousands of Foreclosures |
Sheriff's Surprise - Foreclosure Eviction - Florida Times-Union (blog)
Sheriff's Surprise - Foreclosure Eviction Florida Times-Union (blog) Of all the things that can happen to you when you are naked, Foreclosure Eviction is probably not on your list. Foreclosure is supposed to happen along the lines of due process, and part of that due process is proper Service of Process, ... |
No Bidders for Earl Bradley's Foreclosed Lewes Home - WBOC TV 16
No Bidders for Earl Bradley's Foreclosed Lewes Home WBOC TV 16 The former home of pedophile pediatrician Earl Bradley received no bids during a foreclosure auction Tuesday. Opening bids for the property on Savannah Road in Lewes started at $230000. None of the roughly two dozen people in attendance raised their ... |