Abundant Choices in Distribution Hub
Fontana foreclosure auctions currently feature as many as 6,090 foreclosure listings and properties in the imminent future. These sport a median asking price of $302,671. Besides, there are 1,403 other homes at the Fontana property auctions that carry the median quoted price of $239,900. The comparatively higher median listed price for the foreclosed homes comes as rather a surprise, since the general trend is for seized homes to be selling at a discount over the market prices. However, this apparent exception perhaps merely proves the rule the acuter. The amazing range of offerings at the Hayward real estate listings auctions is rather to be expected, given that California has accounted for a third of all the foreclosure filings that have taken place in the whole of the US in recent years. Eduardo Rocha, Carlos Sorino, Viola Chavez and Carmen Ramirez count among the prominent real estate agents in Fontana. Hiring an astute agent can substantially aid your home search and hike your chances of profiting from your property investments.
Fontana is a city situated in the center of the Inland Empire area in San Bernardino County, in the US state of California. Fontana is famed for its vibrant and variegated history, but is fast developing into a dynamic regional nucleus of the distribution industry as well as a commuting suburb of Los Angeles, Long Beach and other cities close by. Fontana is the site of the Fontana Days Half Marathon and 5K course, with the race being hailed as the world’s speediest half-marathon run.
The diverse suburban cities and towns of Fontana include the county seat of San Bernardino, Yucca Valley, Adelanto, Victorville, Apple Valley, Upland, Barstow, Rialto, Chino, Redlands, Colton, Rancho Cucamonga, Grand Terrace, Ontario, Hesperia, Needles, Highland, Montclair and Loma Linda. A few of the CDPs {Census-designated places} in Fontana’s vicinity are: Wrightwood, Big Bear City, San Antonio Heights, Bloomington, Running Springs, Crestline, Mountain View Acres, Joshua Tree, Morongo Valley and Lake Arrowhead. Besides, Fontana is situated in proximity to the following unincorporated communities: Zzyzx, Angelus Oaks, Vidal, Baker, Sugarloaf, Calico, Siberia, Daggett, Rice, Fort Irwin, Phelan, Green Valley Lake, Lytle Creek, Ludlow, Landers and Newberry Springs.
Why Foreclosure Auctions Charm Buyers
The Fontana foreclosure auctions are proving irresistible to intending homebuyers for various sound reasons. When a homeowner consistently defaults in repaying the loan installments on her home, the lending agency seizes the home after serving her the legally mandated notice of default and waiting for the stipulated period of six months. The auctioneer, be it HUD, VA, Sheriff or a bank, remains in a hurry to get rid of such nonperforming assets. Moreover, the lender is concerned only with regaining the pending amount due on the advanced loan. Hence, the foreclosed homes are priced at figures that have little relation with the going property market rates. The buyers are enabled purchasing magnificent homes at fantastic discounts at the hapless dispossessed owner’s expense. Besides, the auction procedures are simple and transparent. The houses possess clear titles and proper documentation. These factors help explain the rush of eager buyers at the Fontana foreclosure auctions.
