subject: Reach For The Sky; End Your Foreclosed Home Search In Texas [print this page] Homeownership is a serious undertaking and a crucial decision to make. In fact, many people find it difficult not only to hunt for the best property, but also to select the most appropriate location for a dream house. In addition to searching for the cheapest prices possible, buyers try to look for a peaceful community and a hospitable neighborhood to raise their families.
Texas, the second most populous and also the second biggest state in the U.S., modestly has both. Besides being tagged as one of the best-performing states by the U.S. Department of Commerce, it also holds one of the friendliest neighborhoods, lowest costs of living, and some of the most inexpensive real estate properties. No wonder that from 2007 to 2011, the U.S. Census Bureau recorded Texas homeownership rate at 64.5%.
Lone Star States Rising Foreclosure Sales
Despite the economic complications involved in owning a house, a number of people in Texas still find it feasible to acquire their own abodes. This has been made possible through the rise of on-sale distressed properties in the state.
As recently reported by CoreLogic, Texas was among the top five states with the highest rate of completed foreclosures for 12 months ending in October 2012. The state reported that a total of 59,000 real estate properties had gone to auction and had been purchased by either the lender or a third party buyer between the said periods. Other states on the CoreLogics list were California (105,000), Florida (95,000), Michigan (68,000), and Georgia (54,000).
At present, about 36,833 foreclosed homes are up for sale and are available for search on Zillow.com. According to most buyers, distressed houses are becoming a much better option than renting due to their sounder benefits and better financial costs. In one report published by Bloomberg from Trulia.com, Texas was named as one of the premier locations that offer the best deals and cheapest home prices for buyers.
Speed Up Your Foreclosed Home Search
Indeed, purchasing a house is one of the most significant investments a person or family may have. Thus, ForeclosureMagic.com, a free membership service can help you obtain significant information for a daunting foreclosed home search. Its combined industry experience of more than 40 years, the companys advisors will ensure that you are one step closer to that much cherished dream of owning a house.
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