Government Foreclosures. Foreclosed Homes, Properties & Real Estate Auctions

California Foreclosures

Visalia, CA Foreclosure Listings and Properties

Visalia foreclosure listings and properties currently number a total of 1,302. Their median listed price is a modest $125,228. These prices represent a fall by 13.6 percent over the previous month’s figures. Visalia is the county seat and the biggest city of Tulare County, in California State, in the US. Visalia functions as the trade center of the San Joaquin Valley, which is called the single most productive agricultural region in the US. Visalia is popularly known as the “Gateway to the Sequoias”, and it is located adjacent to the tallest mountain range in the US, the Sierra Nevada. The nearby Sequoia National Park contains the world’s tallest trees, the gigantic sequoia trees.

Visalia’s suburban cities include the following: Fresno, Bakersfield, Modesto, Stockton, Delano, Clovis, Atwater, Ceres, Dinuba, Lemoore, Los Banos, Hanford, Lodi, Manteca, Madera, Merced, Reedley, Oakdale, Porterville, Patterson, Tracy, Selma, Sanger, Turlock, Tulare, Wasco, Grayson, Exeter, Lindsay, Waterford, Farmersville, Woodlake, Westley and Kinsburg.

Government Foreclosures Continue Unabated Rise

Visalia foreclosure filings have followed the trend manifest in the government foreclosures throughout the US. A soaring 12 percent boost in the foreclosure filings was recorded in August 2008 over the corresponding figure for the previous month, July 2008. Nevada retained its rank as the US state with the greatest foreclosures rate for the 20th month in a row. There occurred 11,707 foreclosure filings in Nevada during August 2008, representing the seizure of one in every 91 houses there. California had the second highest foreclosure filings rate, and it saw one out of every 130 households getting swallowed by the lenders for loan defaults. Arizona stood at the third rank, with one in every 182 homes getting foreclosed. Indeed, California is estimated to account for about one-third of all the government foreclosures in the US.

Property Auctions: Factors & Facilitators

Properties at the Visalia real estate listings auctions are typically offered for sale at alluringly discounted prices. The rationale for such a pricing is easy to comprehend. When a homeowner consistently defaults on making payment for the loan installments, the lender exercises its legal right to seize such properties. The lender could variously be VA, HUD, Sheriff, Fannie Mae or banks. The lender’s next motive is to get rid of such assets at the earliest, and regain the balance amount due on the mortgage loan advanced. Hence, the lender lists the prices of the homes for the foreclosure auctions on this basis. The prospective homebuyers thereby get a windfall because they are enabled buying houses at considerable discounts over the market prices. Other attractions that real estate listings auctions offer to buyers include transparent auction procedures, clear titles and easy home finance available from mortgage companies.

Visalia real estate listings auctions have Shirley Nevin, Ed Evans, Valerie Derouin and Brian Icenhower as influential players, who determine the winners and losers at the biddings. They are among the prominent property brokers active in Visalia. You can surf the internet to access the list of all certified agents that the Californian state’s real estate department has made available. You ought to employ the expert services of a knowledgeable and capable agent to maneuver your way through the foreclosure auctions labyrinth. The real estate sector is a volatile field and only insightful and smart moves can enable you to profit from it as you must doubtless seek to.

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