El Paso ForeclosuresWhile foreclosure activity is increasing in other parts of U.S., the opposite is true of El Paso. Foreclosures here were down 16% in 2007. An already undervalued real estate market combined with low exposure to the subprime lending crisis have allowed most local homeowners to avoid any problems. El Paso foreclosures, however, are not a thing of the past. Once a month, investors and potential owner-occupiers gather at the courthouse in search of a good deal. But with dwindling supply and rising property values, the competition for foreclosures is increasing. Fortunately, there are plenty of online resources (local and national) to make doing your homework easier. No need, by the way, to provide your personal information to a "foreclosure listing service" or to pay for lists. Just check below for free information provided by city, county, state, federal, and private entities... ...BanksBank foreclosure auctions--more appropriately called "Trustees' sales"--are held at 10 a.m. every first Tuesday at the El Paso County Courthouse. The El Paso county clerk compiles the list of properties to be offered and posts it online at least three weeks before the auction....Delinquent TaxesEl Paso tax foreclosures are listed on behalf of of the city and county by the law firm of Delgado, Acosta, Spencer, Linebarger, Heard & Perez, LLP. You can call and request that a monthly list be sent you by regular mail. But the list is conveniently available online, along with information about the approximate property values and opening bids....Department of Veterans AffairsVA foreclosure listings are made available to the general public by ocwen.com. Ocwen auctions these properties by accepting sealed bids for a limited period of time. If no bid meet minimum criteria, the property will be re-listed. Offers must be made through Ocwen's listing agent, whose contact information is included in the online listing....Texas Veterans Land BoardLand board foreclosures are offered first to veterans who are residents of Texas. Written bids are accepted and then read aloud at public auctions held in April and October. If a property is not sold in first round bidding, it is then offered for sale to the general public (first-come, first served). Offers must be made through a licensed Texas real estate agent or broker....HUDHUD (Department of Housing and Urban Development) foreclosures have become quite popular among investors and potential homeowners. But other branches of the government also have seized or foreclosed properties available for purchase. Many of these (including HUD properties) are listed at www.homesales.gov . HUD also provides a list of links to other government agencies that are liquidating properties.
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