Springfield Foreclosure Listings

Dated: 02/25/2014

Views: 5266

The rate of new foreclosures in the U.S. has dropped to the lowest level in eight years as rising property prices erased negative equity and allowed more delinquent homeowners to sell without losing money. The rate of foreclosures, in the fourth quarter of 2013, was the lowest since the third quarter of 2006, when home prices were just starting to fall in what would become the worst crash since the Great Depression.
Foreclosures offer a buyer the ability to get in to a home (a lot of times with special incentives) at a discounted rate.  Granted, most of these homes need, at very least, some minor work done to them.  What we see most in these deals is instant equity.  Add a little elbow grease and some minor renovations and your return could be pretty significant.
With the economy improving, foreclosures are going to continue to be more scarce.  For a complete list of foreclosures in the Springfield, Mo area, click here.
To see all of the area foreclosures on a map, click here.
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Michelle Cantrell

Michelle is a native of Southwest Missouri and has twenty-five years of experience in selling real estate in the greater Springfield area! Michelle specializes in all price points, including new const....

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