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Second Home Fun in the Sun

If you live where it snows or rains a lot (or is just cold and grey for months on end), consider buying a second home in the Sun Belt. The Vitamin D you’ll get as you soak up the sun will do you good! Many foreclosure properties on the market today are located in sun-dappled locations. Consider buying in one of these hot (literally . . . and figuratively) foreclosure markets:

Florida

A venerable Shangri-la for snowbirds and retirees, Florida is fertile ground for foreclosure properties. The Sunshine State leads the US in mortgage delinquencies and foreclosure filings. The housing market in Florida subsequently glutted with foreclosures. If you like warm beaches, orange juice, palm trees, and/or early bird specials, you’ll love Flah-rida!

Vegas

One of the fastest-growing cities in the United States, Las Vegas grew a little too fast for its own good in the early 21st century. Ergo, there is a wide variety of foreclosure properties and property types in Vegas! From new, never-occupied condos on The Strip to older, single family homes in the more suburban sections of town, there’s something for everyone. If you like gaming, buffets, and being a night owl, you’ll love Vegas, baby!

Inland California

The inland empire of California is also a burgeoning mecca for foreclosures. Towns such as Merced, Modesto, Stockton, and Sacramento boast some of the highest foreclosure rates on the West Coast. As the population in these areas soars, so do the number of jobs in these once-sleepy cities. The lovely Tuolumne River flows through the area, offering recreational opportunities and pristine riverside parks. If you like Golden State, but don’t like insanely high mortgage rates, you’ll love Inland California.

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