Cheap Sacramento Foreclosed Homes for Sale

Buy Foreclosure Houses, Apartments & Condos in Sacramento

ForeclosureDeals offers a solid database of Sacramento bank owned foreclosure homes and Sacramento government foreclosed homes for sale from federal agencies such as: HUD, VA, FHA, Freddie Mac, Fannie Mae, USDA. These Sacramento 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 Sacramento, CA. Our up-to-date real estate foreclosure listings in Sacramento 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 Sacramento area.

About Foreclosed Homes in Sacramento, CA

If you are planning to start a family and are looking for the ideal place to settle down then you might want to look into Sacramento, CA real estate. The city features a variety of single-family homes for sale and offers a wide price range to fit all types of budgets. If you are hoping to buy a cheap home then you might want to look into foreclosures. To learn more about buying foreclosed homes, consider hiring a real estate lawyer so you will know the steps involved. . If you are looking into investing, there are also numerous condos and apartments around the city. Take advantage of these opportunities and start searching for foreclosed homes for sale in Sacramento, CA now!

Sacramento - Real Estate in California's Capital City

When searching for real estate opportunities for investment, it helps to know what factors are important and which cities across the country possess these factors. For many real estate investors, the city's attractions, economy, and local market are the most important factors in the search, sometimes even more important than the location of the city itself. And within each city, there are neighborhoods and areas that are preferable to others for a wide variety of reasons.

Sacramento, California - capital of the Golden State - is one city that is held in high regard by real estate investors for its attractive characteristics and favorable location. Home to California's state government, the city boasts the 22^nd largest metro area population in the U.S. (with 2.5 million people) and is the 6^th-largest city in California. Sacramento is known as a center for healthcare and health-related research, with one of the world's top research hospitals - UC Davis Medical Center - located in the city. Sacramento is also known for being one of the most diverse cities in the country.

Here is more insight into Sacramento as a city loaded with real estate investment opportunities.

Median Home Prices

The median home price for Sacramento averages $148,000, which is several times lower than that of nearby San Francisco, making Sacramento a cheaper alternative for many residents of Northern California. Homes in Sacramento average $97 worth of value per square foot, ranging from a low of $68 in East Del Paso Heights to a high of $230 in East Sacramento. As far as foreclosure rates are concerned, the city usually reports an average of 25 home foreclosures per 1,000 homes in a given month. Foreclosures are typically concentrated in the northern and southern parts of the city.

Best Places to Live

Determining the best places to live in a city is mostly subjective, as different people will have different opinions and factors that are important to them. For the most part, though, investors prefer areas that have low foreclosure rates and are centrally located to attractions, amenities, and employment opportunities in Sacramento.

Per those criteria, some of the best places to live in Sacramento include Avondale, Curtis Park, East Sacramento, Hollywood Park, Rosemont, South Land Park, and West Sacramento.

California's Foreclosure Process

California, like many other states, has both a non-judicial foreclosure process and a judicial foreclosure process. The path taken by a case will mostly be determined by whether or not the mortgage or deed of trust has a Power of Sale clause in it. With such a clause, lenders can initiate foreclosure proceedings against the homeowner by themselves; without the clause, lenders must go to the judicial system. A lender pursuing a non-judicial foreclosure must wait 60 days after a Notice of Default is filed. After two weeks, a foreclosure sale can be scheduled.

It is also possible to have a judicial foreclosure in California, but these are rare. A lender has to first file a lis pendens filing against the homeowner and have the case reviewed and approved by a judge before a sale can occur.