The seized properties are value for money in Portland. If you are planning to buy seized properties at cheap price, then the best place can be none other than Portland. Portland situated at the confluence of Columbia and Willamette rivers is in the state of Oregon. Portland is referred as “the Greenest City” of the US. It is on the north-western part of united states. Portland and the surrounding regions have the best land use pattern with a very good network of means of transport. Roses are grown here in abundance due the marine west coast type of climate. The city thus has a sobriquet of “The City of Roses”
The seized properties and foreclosure auctions attract many people who are interested in making a big investment in the real estate. Palatial houses, studio apartments and 1-4 bedroom apartments are all available at a huge discounted price. The seized properties are mainly the repossessed properties by the bank and financial institutes which are sold at the earliest.
There are far many people in US who due to some or other reason have a negative or not so good credit profile. These people when are not able to pay their mortgage, their properties are seized by the lending agencies. These lending agencies cannot maintain these properties for long, as it will cost a lot of money. So they are looking for people who can buy these foreclosure properties from them. As these lending agencies have got some amount as loan repayment from the defaulter and the price of property has undoubtedly escalated, they are ready to sale these properties at a very nominal rate sometimes which is even below the market price. Their main aim is to dispose the property at the earliest.
Before purchasing a seized property in Portland, keep the following things in mind:
- If you can find the foreclosure properties below the market price, then you get an instant profit and investment value. Whether you are making a purchase for your first home or as an investment proposition, try and make a bargain below the market price.
- The seized properties in Portland offer a smart investment as most of the city is well planned and you can’t go wrong in the choice of location.
- The Portland city has a great potential of growth in terms of population, industries etc which make it a potential for great investment.
- There are many employment opportunities which can also entice the people to Portland seized properties. There are many industries and breweries which can give employment.
- There are many good schools which are also an important consideration if you have children of school going age.
One must weigh the pros and cons of choosing a seized or foreclosure property. The financial condition and the value of the property need to be weighed properly. If one is keen on purchasing a property then nothing can beat the value for money seized properties in Portland.