ForeclosureDeals offers a solid database of Jacksonville bank owned foreclosure homes and Jacksonville government foreclosed homes for sale from federal agencies such as: HUD, VA, FHA, Freddie Mac, Fannie Mae, USDA. These Jacksonville repossessed homes can be found in a number of ways, such as pre foreclosures, short sales, foreclosure auctions, flipping homes, bankruptcies and home foreclosures for sale in Jacksonville, FL. Our up-to-date real estate foreclosure listings in Jacksonville offers cheap distressed properties for buying & investing, in a great variety of properties like commercial & residential, multi & single family homes, lands, condos and apartment foreclosures in Jacksonville area.
One of the jewels of the sunshine state, Jacksonville offers a bounty of warm, fun-filled relaxation and adventure. Featuring a state of the art convention center, an abundance of fishing charters and a stunning planetarium, Jacksonville offers more to do than visitors and residents can imagine! Bountiful real estate opportunities, including neighborhoods like Riverside and Mandarin, offer savvy investing options of foreclosures for sale. Jacksonville features a massive brewery, several beautiful parks, zoos and a Riverboat, bringing superior value to any single family home, apartment or commercial building development, often found at cheap prices. Take advantage of these opportunities and start searching for foreclosed homes for sale in Jacksonville, FL now!
Real estate investors looking for quality purchases in local markets tend to look first to metropolitan areas, for good reasons. One main advantage of a metro area is economical in nature; big cities tend to have thriving and diverse economies that can not only sustain large populations, but can attract people to their cities each year - which raises demand for local real estate.
Jacksonville, Florida - the River City in the northeast corner of the state - is a prime example of the draw a big city can have on real estate investors and families alike. The largest city in Florida, Jacksonville has a metro area population of 1.3 million people and a city population of 821,000 (good for the 11th most populous city in the country). Jacksonville also has the unique distinction of being the largest contiguous city in the U.S. by land area (as determined by its city limits).
Those looking for strong local economies are drawn to Jacksonville because of its location and the various industries that call the area home. Services - including banking, insurance, logistics, and healthcare - are particularly important to Jacksonville, and the city is also home to the third-largest port in the state of Florida. Tourism additionally is key to Jacksonville's economy. The city is home to a professional sports franchise - the Jacksonville Jaguars - and enjoys roughly $1 billion in tourism revenue each year.
Median home prices for the greater Jacksonville metro area generally hover around $119,000, which makes them comparable to other prices in other cities near Jacksonville's size in Florida (such as Tampa and Orlando). This price typically is slightly undervalued when compared to the national average. Most of Jacksonville's homes - 53% - are sold for loss. The value per square foot for Jacksonville homes is significantly low at $59, suggesting that Jacksonville homes are even more undervalued when compared to other cities in the state and nation.
When investing in Jacksonville, it is best to choose neighborhoods and areas that are centrally located to places of employment and recreation. For the city, this typically means neighborhoods that are relatively close to the port and coast. Investors also, though, want to avoid areas that feature high concentrations of foreclosure properties.
Based on these criteria, some of the best places for investment in Jacksonville include Atlantic Beach, Avondale, Carver Manor, College Gardens, Edgewood Manor, Fairways Forest, Magnolia Gardens, Miramar, Moncrief Park, Normandy, Normandy Village, San Marco, Riverside, Royal Terrace, University Park, and Woodmere.
Florida uses a judicial foreclosure process in which lenders must sue homeowners through the legal system to force an eviction and have a foreclosure sale. The process begins with a lis pendens filing to the county clerk's office. On average, the process takes two years or more. In Duval County (where Jacksonville is located), foreclosures are handled by the Clerk of the Circuit and County Courts office, specifically the Circuit Civil Department. Sales in this county are held exclusively online, each weekday, beginning at 11 AM. The balance of the final bid amount must be paid no later than 4 PM on the date of the auction.