Lancaster Foreclosed Homes and Houses for Sale

Numerous Choices in Developing City

Lancaster presently advertises a huge number of 5,664 foreclosed homes and houses for sale at its real estate listings auctions. The homes at the foreclosure auctions bear the asking price of just $207,000. California has been the hotbed of foreclosure filings in the US, making up a third of all the government foreclosures that have occurred in the entire nation so far. Hence, it shouldn’t be surprising that intending homebuyers are flocking to the Lancaster property auctions in their eagerness to buy gorgeous residences at never-before prices.

Lancaster lies in Antelope Valley in Los Angeles County in the US state of California, over 100 km from the city of Los Angeles. It is the ninth fastest developing city in the US. The city is partitioned from the San Joaquin Valley by the Tehachapi Mountain Range in the north, and from the Los Angeles Basin by the San Gabriel Mountain Range towards the south. It is among the twin focal cities of the Palmdale / Lancaster, CA Urbanized Area {a term defined by the US Census Bureau}.

Lancaster counts the following largest cities as its companions in Los Angeles County, in the descending order of their total populations: Los Angeles,Glendale,  Long Beach,West Hollywood,  Santa Clarita, Torrance,Pomona,   Palmdale,Pasadena, El Monte, Downey, West Covina,  Huntington Park, Inglewood, Norwalk & Burbank. A few other suburban cities of Lancaster include the following: Arcadia, Avalon,Artesia, Beverly Hills,Temple City,  Compton,Bradbury,Glendora,  Duarte, El Monte, Hawaiian Gardens, Hidden Hills,Industry, Lynwood,Manhattan Beach,  Malibu,  Santa Fe Springs,Maywood, Monterey Park, Rosemead, Santa Monica, South Pasadena, Vernon, Walnut, Westlake Village and Whittier.

Agent’s Role Acquiring Greater Importance

Leading agents active in the Lancaster real estate market are Debbie Hanna, Lucy Kajrys-Dietz, Keller Williams and Lowell M Smith. Of course, there are hundreds of others as well. You ought to get yourself a seasoned agent as your reliable ally in your search for your dream home at the Lancaster property auctions. Hire an agent only after you confirm his certification by the real estate department. California is the only US state that has posted a list of all its certified agents on the internet. An experienced agent is all the more needed in the ongoing times that are marked by uncertain economic conditions and newer developments in the real estate sector.

First-time prospective homebuyers in Lancaster and elsewhere are now entitled to an interest-free federal grant of $7,500, which they would need to repay only at the time of reselling their acquired homes. Had you been aware of this new legal provision? With home prices continuing to decline, would it not be better to wait for their prices to fall further before buying a house? These are choices that you will have to make, and a street-smart agent can help you tremendously in taking the right decisions. Real estate has long been regarded as a sphere where you can either win handsome dividends or lose your very shirt. This has become truer in today’s times. Hence, you should begin your home search with selecting an agent who is adequately competent to help you maximize your windfall from the Lancaster real estate listings auctions.

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