Palmdale Foreclosed Homes and Houses for Sale

Options Galore in Foreclosures’ Hotbed

Palmdale real estate listings auctions presently include a huge number of 6,375 foreclosed homes and houses for sale, at the median listed price of $247,000. The other 2,233 homes on sale at the Palmdale property auctions bear the asking price of a much lower $189,900. California has been the US state that has been the most drastically affected by the spate of foreclosure filings occurring throughout the nation in recent years. The number of homes foreclosed in just the single state of California represent about one-third of all homes seized all across the US. Hence, the over 8,500 homes on sale at the Hayward property auctions are quite to be expected. This diverse range of houses available at the foreclosure auctions consists mostly of properties foreclosed by banks, with the VA, HUD, Fannie Mae and Sheriff responsible for having foreclosed the rest.

Palmdale is a city situated in the northeastern flank Los Angeles County in the US state of California. Palmdale was the first community located in the Antelope Valley to have been incorporated as a city on August 24, 1962. Palmdale is one of the twin nodal cities of the Palmdale / Lancaster, CA Urbanized Area, which latter is a term defined by the Census Bureau of the US.

A few of the 88 fellow cities that Palmdale has in Los Angeles County are Westlake Village, Arcadia, West Hollywood, West Covina, Walnut, Avalon, Vernon,Artesia,  Bell Gardens, Torrance, Azusa, Baldwin Park, Temple City, South Pasadena, Alhambra, Bell, South Gate, Beverly Hills, Bradbury, Sierra Madre,Signal Hill,  Burbank,Carson, San Marino, Calabasas,Santa Monica,  Santa Fe Springs, Santa Clarita, Cerritos, Commerce, Rosemead, Rolling Hills, Redondo Beach, Cudahy, Culver City, Diamond Bar,Rolling Hills Estates, Downey, Rancho Palos, Duarte, Pomona, El Monte, Pico Rivera, El Segundo, Pasadena, Gardena, Paramount, Hawaiian Gardens, Hawthorne, Hermosa Beach, Norwalk, Monterey Park,  Montebello, Hidden Hills, Monrovia, Huntington Park, Maywood, Industry, Manhattan Beach, Inglewood, Lynwood, La Habra Heights, Long Beach, La Mirada, Lomita, La Puente, Lawndale, and Lakewood. In addition, other places in the vicinity of Palmdale in Antelope Valley include Weston, Crestview, Rozet, Sleepy Hollow and Recluse.

Pay Heed to Macro Developments

Investors at the Palmdale property auctions cannot be indifferent to the tempestuous and unpredictable period that the US and global economies are going through currently.  Several macro economic policies and trends have an impact on the housing sector and might have a bearing on decisions of the lay investors. For instance, the new federal housing bill, which has become operative from October 1, 2008, stipulates the grant of an interest-free federal loan of $7,500 to all first-time homebuyers for purchasing their homes. Besides, a mammoth outlay of $300 billion seeks to help struggling loan recipients with easy refinance options.

Palmdale real estate market abounds with property brokers. John Mayfield, Jorge Mazun, Glenn Fischer and Michael E. Oconner rank among the city’s prominent agents. The agent plays a key role in the buyer’s choice of home and decision pertaining to home finance. You ought to hire the professional services of a seasoned agent to better safeguard your money and to maximize your windfall from the Palmdale foreclosure auctions.

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