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Portland Foreclosure Homes – Advantages and Guidelines to Buy

Portland is the 29th most populous city in north western part of the United States in the state of Oregon. Portland foreclosure homes have several advantages like lower cost than market price and majo...

Portland is the 29th most populous city in north western part of the United States in the state of Oregon. Portland foreclosure homes have several advantages like lower cost than market price and major attractions of the city make it a lucrative buy. By following certain guidelines the process of buying foreclosed homes in Portland can become easier.
Benefits 
Discounted Prices - Portland foreclosure homes are available at 30 to 50% discounted price due to nature of foreclosure process where the banks and government are not interested to make profit rather they are looking to recover their taxes or the loan amount.
Hub of DIY Youth Culture – Portland is a major center of zine making and is home to zine distributors like Microcosm. The craft community in the area hosts events like Crafty Wonderland and Church of craft.
Entertainment – TV Shows like Under Suspicion and Leverage have been filmed in Portland. A large number of movie theatres serve beer here. One such brew and view theatre here is The Bagdad theatre and Pub. Some recent films like Body of Evidence and Untraceable have been shot here.
Performing Arts – Portland has several performing art institutions like Oregon Symphony, Portland Opera, and Portland Baroque Orchestra.
Tourist Attractions – Oregon Museum of Science and Industry (OMSI), Portland Art Museum, Rose Festival, dragon boat races, Oregon Zoo, World forestry Center are some of the major tourist attractions of the city.
The several advantages of Portland make buying foreclosed homes here a rewarding proposition.
Guidelines to Buy Portland Foreclosure Homes
Subscribe to Listings – Online foreclosure listings are updated regularly and provide comprehensive list of all the foreclosure properties available in Portland.  Subscribe to these listings which are available at a nominal cost to get the contact details of the title owner.
Shortlist – Try to Shortlist few properties from the foreclosure listings on the basis of your requirements and budget.
Personal Visit – Personally visit the area and check for repairs requiredFree Articles, neighborhood people and the utilities available nearby. Ask about prices of properties in the neighborhood areas.
Hire Appraiser – Hire an appraiser to ascertain the actual value of the property before you purchase directly at the pre foreclosure stage or make a bid at an auction.
Hire Lawyer – Hire a lawyer to check the documents before you negotiate and make the final payment.
Thus Portland foreclosure homes are highly beneficial to buy due to discounted cost and the major attractions of the city and if proper guidelines are followed carefully the whole process of buying foreclosed homes in Portland can be made uncomplicated.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Fiona Livnat is an author with expertise in real estate foreclosures. She has over ten years of experience in writing about foreclosures. Her commitment to help people is reflected in her writing. For more details please visit Portland Foreclosed Homes.



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