What does Washington foreclosures Offer?

Washington doesn’t just offer some of the best homes but also beautiful and green surrounding environments where you will get to hear the chirping of the birds, see the glowing red of the early morning sun and go off to sleep with the comforting breeze in the night. No wonder they call it the evergreen state. Imagine this: You buy one out of the many home foreclosures in Washington and you get with it a small pond for a garden with ivy trees trying to find its way through a maze of concrete and bricks. Sounds unreal but it is true. Washington is one of the best places to have a home in.

Washington has a robust economy and you can find a landscape that varies from apple orchards to rainforests. You can enjoy a nice starlit dinner at your home of take a walk through the wilderness of Colville or Okanogan National forest. Washington will pull you like a magnet and the cost of living here is 3% more than the national average, and the housing cost is 2% higher than the national average. That’s why the best way to enjoy Washington is by buying Washington foreclosed homes at some of the cheapest rates.

Foreclosure activity in the Green State

Foreclosure activity in Washington saw an increase of 45% in August of 2005. There are 20 counties in Washington State and the overall foreclosure rate was one in every 3,256 homes. The high number of Washington foreclosures for sale in 2006 has opened a box of investment opportunities for both homeowners as well as investors. Investors can now buy a HUD or VA home and use it as a seasonal home or sell it off. They also have the option of buying handyman specials at almost 25% discount. These Washington bank foreclosures are homes that need some amount of repairs. As an investor, you can buy a handyman special, get the repair work done and make it look like new. Once that is taken care of, you can sell these Washington foreclosure homes for a good profit. There are many investors who have made a business out of buying and selling Washington bank foreclosures.

As of homeowners, there are many options to choose. If you are looking for a apartment or condominium then you can find some of the nicest apartment in some of the up market areas through Washington foreclosure listings. If you are looking for a normal two bedroom or three bedroom homes then you can also find them through the lists provided by the HUD, VA, or lenders. Bank foreclosures in Washington are sold through an auction at a discounted price as the lenders try to cover their losses as much as possible through this. So if you are looking for Washington foreclosure homes then this is the right time to buy one.