Cheap Houston Foreclosed Homes for Sale

Buy Foreclosure Houses, Apartments & Condos in Houston

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

About Foreclosed Homes in Houston, TX

Situated in southeastern Texas, Houston is a major city with a small town feel and a big heart boasting major hometown celebrity musicians, athletes and even a former president. With a pedigree like that, it's no wonder that investing in Houston real estate is such an appealing idea for first time homeowners searching for a cheap deal on a single family home or apartment as well as seasoned buyers searching for those perfect opportunities in foreclosures. You might want to consider investing in the incredible theater district, second only in size to New York. Take advantage of these opportunities and start searching for foreclosed homes for sale in Houston, TX now!

Houston, Texas - Real Estate in Space City

Real estate opportunities are plentiful in America, from growing suburbs to expanding metropolitan areas with the employment, housing, amenities, and entertainment that people need and desire. Virtually every metro area in the U.S. has something unique to offer, but they all have one thing in common: a wealth of desirable real estate properties for homeowners and investors alike.

Houston, TX - the state's largest city and fourth-largest city in the U.S. - is a great example of a growing city in the heart of the Sun Belt. Houston boasts the sixth-largest metro area population in the U.S. (6 million people) and is a global center of energy, aeronautics, manufacturing, transportation, health care, and trade. Houston also has plenty of cultural and social attractions, ranging from four professional sports teams to a growing entertainment district, NASA's Lyndon B. Johnson Space Center, and four major universities.

Those looking for real estate opportunities can find them aplenty in Houston.

Median Home Prices

One major factor in finding Houston real estate is the median home price. The median home price in Houston averages $160,000, with an average price cut of 30%. The median value per square foot in the metro area averages $76, and the city's foreclosure rate typically hovers around 1.2%, one of the lowest foreclosure rates for a metro area in the entire country.

Best Places to Live in Houston

Any list of best places to live in a city will be subjective to a large degree; after all, different people have different preferences, needs, and desires. By and large, though, it is possible to determine some of the top, most in-demand areas best suited for investment based off of a few factors, such as:

• Proximity to employment opportunities
• Stable home prices
• Low foreclosure rates
• Low crime rates
• Abundance of school districts
• Entertainment amenities

Based off of these factors (particularly the top three), some of the best neighborhoods and areas to live in the metropolitan area of Houston include Braeswood Place, Bunker Hill Village, Clear Lake, Hunters Creek Village, Neartown, Pasadena, Southside Place, and Sugar Land.

Texas's Foreclosure Process

Texas uses both non-judicial foreclosure and judicial foreclosure, with non-judicial foreclosure being the preferred method. This is because most mortgages and deeds of trust in the state contain a Power of Sale clause that allows them to be initiated and closed without going through the courts. As a result, Texas generally has the fastest foreclosure process in the nation; cases take, on average, 90 days from start to finish. There is no right of redemption, and the Notice of Trustee Sale does not have to be published in a local newspaper (although many still are).