Government Foreclosures. Foreclosed Homes, Properties & Real Estate Auctions

Texas Foreclosures

Locate Seized and Foreclosed Homes in Killeen, TX

Killeen, Texas boasts a friendly city atmosphere with a diverse economy and a good school system. Killeen has become a very popular relocation destination offering a variety of home styles and affordable prices. You will find a selection of condos, town homes and single-family homes. Average price per square foot for a home is $53.00. For the week ending January 5, 2011, the average list price for a home was $132,870. There were approximately 248 homes in some stage of foreclosure during the week ending January 5, 2011. The median sales price for the period October 10, 2010 through December 10, 2010 was $78,000, which was a sales price increase of 34.1% compared to the same period a year ago. Whether you are looking for a seized or foreclosed home, a resale home or new construction, you should be able to find the right property in Killeen. Popular zip codes include 76542 with an average listing price of $160,501, 76549 with an average list price of $128,038, 76543 with an average list price of $95,449, 76541 with an average list price of $67,851, 76540 with an average list price of $623,046, 76540 with an average list price of $623,046, 76548 with an average list price of $195,769, 76549 with an average list price of $128,038, 76543 with an average list price of $95,449 and 76542 with an average list price of $160,501.

Government and Seized Home Auctions

In fact, Killeen and surrounding areas are offering some great investment opportunities for buyers to purchased foreclosed homes. You can find a selection of REO’s listed with area Realtors. There have been a number of government and other seized homes offered at property auctions in the Killeen area including the cities and towns nearby including Temple, Fort Hood, Belton, Rogers, Morgan’s Point Resort, Holland, Harker Heights, Salado, Troy, Nolanville, and Copperas Cove. Foreclosed properties are sold at discounted prices below market value and offer investors and buyers a property with built in equity. Auctions are terrific places to find a Killeen property that you might not otherwise be able to afford. Keep in mind that you are responsible for paying off the liens and evicting the former owner or tenants that still may be living at the property. The other thing you should be aware of is you cannot purchase title insurance on auction foreclosure property. You will need to pay cash for your auction property if your bid is selected so make sure you have your funds available by the close of the auction.

If you are looking for REO’s, your local Killeen Realtor can help you find the perfect property. Right now you should be able to find a foreclosed home in just about any price range in any Killeen or surrounding area neighborhood. Using a Realtor will not only save your time, but the Realtor can also give you information on recently sold properties so you know what to offer when you find your property. The Realtor can write the offer and present it to the bank or the bank’s listing agent on your behalf. In fact, REO’s are so popular, you may even find yourself in a multiple offer situation. First time home buyers and investors have been scooping up REO’s and auction properties lately in the Killeen and surrounding towns.

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