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Hialeah Foreclosure Listings

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NOTICE TO OUR VISITORS
We would like to notify you that the availability of properties listed on our site is not always guaranteed, as the quantity of foreclosure properties in our database fluctuates due to varying market conditions. We, nevertheless, encourage you to peruse other property categories available on our website, which include pre-foreclosures. These options provide excellent avenues for real estate investment.
We appreciate your understanding and welcome you to reach out to us for any additional inquiries or concerns.
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Foreclosure Listings in Hialeah

By population, Hialeah is the fifth largest city in Florida and one of the largest employers in Dade County. Just like so many others in the country, the housing market in this has taken quite a substantial hit. Fortunately for real estate investors, this can be a positive thing.

The values of homes in this area have decreased by more than three-fourths over the last five years. With the increase in bank foreclosures in Hileah, finding a home in this area does not pose a challenge. While home sales in the area dropped significantly when the recession hit, they are now slowly back on the rise. Majority of the most recent sales are made up of one-bedroom homes or apartments. Currently, there are over 2,600 foreclosure listings in Hialeah. While these figures are not exactly news to celebrate for realtors, they may be for prospective homebuyers.

At the moment, there are also several condos and single-family homes that are bank foreclosures. The banks own these homes, and that means that a prospective buyer can get these homes for very little money. Many start at just $1,000. Because the real estate market in Hialeah is slowly back on the rise, investing in one of the bank-owned foreclosures could prove to be profitable for investors who are looking to transform the property in a few years. In fact, over the past year, many properties, houses and condominiums have sold for less than $30,000. At this moment, there are houses listed in the mid to high $400,000 range that were valued at well over a million dollars a few years ago. Right now, some of these homes are selling for as little as $8 to a square foot. Imagine purchasing a 2,600 square foot home for just over $21,000!

For anyone looking to purchase in Hialeah to live or to make a profit, this city is a real estate investor’s dream right now. The economy may never fully recover to where it was five years ago, but with the real estate market slowly on its way to recovery, now is a great time to purchase a home in this area.