When you consider the possibility of buying a new home, what are some of the first thoughts that come to mind? Do the terms affordable housing or cheap homes sound familiar? If you are like most people the answer is no, generally credit application, huge down payments and expensive are rolling around.
What if there was a way to find excellent homes at an affordable price with the possibility of lease or owner financing? Foreclosures in Missouri may be able to provide you all of that and so much more.
Missouri is a great state to live in with rural amenities and big city living all readily available. Head down to the southern part of the state to enjoy the scenic Ozark Mountains or check out the areas around St. Louis, birthplace of Maya Angelou and home to the famous Gateway Arch. You will never run out of fun things to do in St. Louis!
Homes in Missouri
Foreclosures in Missouri are numerous, over 11,000 as of this writing with some of the largest concentrations being around O’Fallon, which is just outside of St. Louis. Perhaps you are more a fan of great barbeque. Independence has 426 Missouri foreclosures listings, 84 of which are available for owner financing. You can do more research on areas and statistics by looking up zip codes, 63366, 63114 and 64024, which have high concentrations of foreclosures.
Why would you want to purchase a cheap home through Missouri foreclosure listings? After all, aren’t these homes torn up from previous tenants or have some inherent problems? Not at all! In fact, many of these homes are in fantastic condition and offered at super bargain prices.
Do not let the idea of REO or repossessed homes keep you on the sidelines. Foreclosures in Missouri are opening up fantastic opportunities for potential homeowners.