1,276 Foreclosed Homes in Henderson, NV

CLICK HERE TO VIEW THE 1,276 FORECLOSED HOMES IN HENDERSON


Eventually most of these homes should be auctioned off.....If you're looking for a deal on purchasing hold off and wait for auction.

Do they allow people to look inside? After watching some of these flipping shows, you will find where there were squatters living in a place or the people who were foreclosed upon, trashed the place. The squatters do quite a bit of damage also.

Your so right RM.

Some homeowners or thieves actually pull the copper wiring out of the outlet boxes! Take cabinets, light fixtures and anything else they can sell off fast!

Buyer beware! You may get screwed big time.

You best know what you're doing if you buy at auction. If you don't it will be like playing high stakes poker with Hellmuth, Ivey, Negreanu, etc. You could come out ahead, but the odds are you get taken to the cleaners. If one doesn't have a lot of experience pre-foreclosure is probably the way to go. The houses close to $100k aren't coming down much more. The $200k and $300k homes will continue to drop. 80% of Las Vegas homeowners are underwater. Almost 100% of homeowners who bought in the last 10 years or so are underwater.

Flipping Vegas

I love this show. You guys are right about the houses being destroyed. The owners take anything they could sell.
Most of the houses they profile on the show are bought sight unseen.

Chipchik, Thanks for the link. I love everything Vegas and I've already scouted the next airing of this show on September 10th. Appreciate it.

It happens, especially when dealing with houses that are being auctioned off. You always want to check the house out before you purchase it if you can. You don't want to put a bunch of money into buying a foreclosed home that is trashed.

There are different types of auctions. Some you can view prior to buying. Others you have to make last min decisions and run the risk of buying properties without seeing them. Also some auctions you must be a cash buyer and others financing is available. Just because it is a foreclosure or at an auction doesn't neccasarily mean it is a good deal either. If you don't have experience with it I would definitely consult a professional. The best deals are often at the Trustee Sales on the court house steps but this is one where you will need cash and usually you don't get to see the inside first. You also run into the competitors down there that like to run the bids up on the new guys to discourage them out of future deals.

There are good deals out there you just have to be smart about your purchases.

I think your figures are off. 80% of the homeowners who have loans may be underwater, but thats not the same as 80% of the homeowners. Many, many people moved to Vegas and paid cash for their homes during the boom. There are also many long time residents living in homes paid off years ago.

I looked at the first few pages. They dont seem like they are priced a whole lot less than non-foreclosed homes for sale. $150k for 1500 sq/ft. I was expecting much lower than that.