Ohio is famous for many firsts and offers a comfortable lifestyle. You can find some of the best Ohio foreclosure homes with the help of Ohio foreclosures listings.
Why Ohio
But why should you buy home in Ohio? Firstly, Ohio is regarded as one of the industrial leaders in the country today and is ranked third in the U.S. as far as manufacturing employment is concerned. Since employment opportunities are good in Ohio, more and more people come here looking for a home. Houses for sale can be expensive depending on the location but you can always look for Ohio bank foreclosures, which can sell quite cheap at times. If you think foreclosed homes is not good property then think again! The reason why they are in foreclosure is because the homeowner has not been able to pay off the loan. These homes can be anything from a single pool villa to a 5 bedroom condominium. Whatever your requirement be, you can get different types of homes through Ohio home foreclosures including fixer upper, Handyman Specials, home for Single Families & Multi Families, REO’s, HUD homes etc.
Secondly, Ohio is the home to many historic events including the first successful flight by Orville and Wilbur Wright and invention of the first incandescent light bulb by Thomas Edison. If you are looking to buy a seasonal home then there is nothing like Ohio because it offers great outdoors. You can get the thrill of real adventure through hiking, fishing, hunting, bird watching, and water sports among many other recreational activities. Now if you purchase foreclosure homes in Ohio then you will have best of both the worlds.
The foreclosure Scenario in Ohio
Ohio has seen an increase in the number of foreclosures for sale since 2003. The total number of filings in Butler County has gone up by three times in the last decade and today it is the leading county in the country with maximum home loan defaults. Last year one of every 187 residents in Butler County experienced foreclosure. Butler County saw an increase in filings by 266% between 1994 and 2004 thus increasing the inventory of Ohio foreclosure homes. It went from 487 to 1,782 filings within this period. According to some reports, in 2005 Hamilton and Middletown were the leaders of the filing race with 492 and 422 filings, respectively. Trenton saw an increase in per capita foreclosures with one in every 112 residents filing. Middletown and Hamilton followed Trenton close behind with per capita rates of 117.5 and 124. With such a high rate of filing, the availability of bank foreclosures in Ohio has increased in the last decade.
If you are a first time homebuyer, you won’t have to worry about finding the right home in Ohio. Ohio foreclosed homes are some of the best in the country and you can get them at a bargain price. All you have to do is find an updated and comprehensive listing of these homes so that you can choose the one that fulfills your requirement. Ohio bank foreclosures are always auctioned and if you are able to bid the right price then you will get your dream home.
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