Cheap Austin Foreclosed Homes for Sale

Buy Foreclosure Houses, Apartments & Condos in Austin

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

About Foreclosed Homes in Austin, TX

Austin, TX is one of those cities that have something for everyone. Being the capital of Texas, Austin is a city of hustle and bustle and its real estate industry is a clear reflection of this. If you are looking for cheap houses, there are some homes in Austin that have been put up for sale because of foreclosure. Whether you're single or a young couple focused on career, there are also numerous condos available around the city. Choose a condo that is in the hub of the action so you can be closer to the financial district. If you are thinking of investing in an office space, Austin also features business buildings for sale. Take advantage of these opportunities and start searching for foreclosed homes for sale in Austin, TX now!

Austin - Real Estate in the Heart of Texas

Metro areas in the U.S. always represent terrific opportunities for real estate investment - or simply homes for homebuyers who want great places to live with ample options for employment, entertainment, housing, education, and the works.

Austin, Texas - the capital city of the Lone Star State - is one example of a growing metropolitan area that has a vibe and cultural look and feel all its own. The fourth-largest city in the state and 14th-largest city in the United States, Austin has a metro population of 1.71 million and is known for being a central location for Fortune 500 companies in technology. In addition to being a breeding ground for high-tech companies, Austin is a cultural hot-spot and is called by many the "Live Music Capital of the World".

As one might imagine, Austin has plenty of opportunities for real estate investment and purchasing for investors and homebuyers from all walks of life.

Median Home Prices

Median home prices for Austin hover around $235,000, making the city one of the more prosperous big cities in the state and region. That number breaks out to a median list price of $132 per square foot, with a high of $351 Downtown and a low of $68 in McKinney. Roughly a quarter of all homes are listed with a price cut, and that median price cut is usually around 4%. In other words, median home prices are fairly stable and well-valued compare to other cities of Austin's size.

Most Austin neighborhoods do not usually have serious problems with foreclosure.

Areas for Investment

There are many metrics used to determine what areas make for good investment opportunities in Austin. Of the diverse choices available, location and foreclosure rates are two of the most important. In other words, what areas in Austin have the lowest foreclosure rates and are centrally located to entertainment, employment, transportation, and amenities?

Based offthis criteria, some of the best areas and neighborhoods for investment include Allandale, Anderson Mill, Circle C Ranch, Brentwood, Crestview, Hyde Park, Rollingwood, Rosewood, Round Rock, and Westlake Hills.

Texas's Foreclosure Process

Texas is both a non-judicial and judicial foreclosure state. Most foreclosure properties are a result of the non-judicial foreclosure process, primarily because deeds of trust and mortgages in Texas have Power of Sale clauses that make it legal for lenders to file for foreclosure and evict homeowners. In addition, Notices of Trustee Sale do not have to be published for the public to see, as is the case with many states, even though lenders still choose to do so on a regular basis. Texas is known for having the fastest foreclosure pipeline in the country, with foreclosure properties emerging roughly three months after a homeowner goes into default.