Foreclosure Homes USA Listings Available Online
More and more Australians decide to look for foreclosure USA houses due to the low interest rates at and advantageous foreign policy and exchange rate. If you are thinking about buying a house overseas, now is the perfect time to look for foreclosure homes USA cities that offer the best investment options. Foreclosure homes USA are an attractive investments at the moment, simply because properties are owned by banks which are selling them at significantly lower price.
The foreclosure USA homes are properties were taken from the owners because they failed to pay the mortgage on time. The reason the banks are selling the houses for less than their true value is because they only want to cover their expenses – the loan credit. The USA has became an attractive destination for many foreigners, especially Australians, who try to benefit from this once-in-a-life time opportunity. Here are some of the most popular places you can look at for available foreclosure USA homes.
Salt Lake City, Utah
Search for available foreclosure USA homes in Salt Lake City simple because the prices have dropped down for more than 30 % in the past years. Due to the low interest rates, you should be able to find a house for around $195,000. Salt Lake City is an appealing place for investors simple because it is a popular winter tourism destination, which is why the vacation rentals are high. This makes Salt Lake City an ideal place to look for foreclosure USA home.
San Jose, California
Another popular place to look for foreclosure homes USA is San Jose, California. Believe it or not, this place is in shortage of houses due to the decrease in the unemployment rate and increase in open job positions. Until recently, the average price was around $470,000 which is why many rented. However, the huge drop in prices and increasing number of available foreclosure homes USA make San Hose an appealing investment market.
Raleigh, North Carolina
Potential house buyers are quite interested in buying houses in Raleigh, N.C because it is one of the most popular real estate market at the moment. The unemployed rate in this town is below the national average what makes it a golden opportunity for investors like yourself to find cheap foreclosure USA homes. You can find a foreclosure USA home in Raleigh for around $215,000. you will certainly not have a problem to rent the property due to the high demand for rentals.
Even though the unemployment rate in Milwaukee has dropped down to 6.9%, real estate experts firmly believe that the market will rise quickly. Use the advantage of getting cheap foreclosure USA home in Milwaukee for a price of around $175,000.
St. Louis, Missouri
When compared with other real estate markets, St. Louis is so far the best place to look for foreclosure homes USA. The prices are significantly lower what makes St. Louis attractive to many foreign investors. With a thorough online research, you will be able to find available foreclosure USA homes for bargain prices of around $159,000.