Okolona FORECLOSURE LISTINGS

The market is booming! Find an affordable home through our foreclosure listings in Okolona, Mississippi.

Total: 4
BD: BH: Min Price:Max Price:
# Photo Address City State Zip Type BD BH Price Details
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COUNTY LINE RD # R Okolona MS 38860 Auctions 3 1.5 $55,000.00 Details
2
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S GATLIN ST Okolona MS 38860 Foreclosures 2 2 $55,500.00 Details
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GANN ST Okolona MS 38860 Foreclosures 3 2 $69,900.00 Details
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S GATLIN ST Okolona MS 38860 Foreclosures 4 1 $59,900.00 Details
About our Listings

How to Buy Okolona Foreclosures

How to buy foreclosures

Buying real estate foreclosures in Okolona, MS starts with finding listings. By browsing Okolona foreclosure lists, you can find all kinds of properties either scheduled for sale at public foreclosure auctions or available directly from banks (known as bank-owned or REO homes). The foreclosure process moves quickly, but as long as you give yourself time to research the home that interests you, you can find fantastic deals when you buy foreclosures in Okolona, MS.

>> See more info about how to Buy foreclosures

How to Invest in Okolona Foreclosures

How to invest foreclosure

Okolona foreclosure homes are perfect for property investors because they can be purchased for below their actual market value right off the bat. To find the best Okolona real estate investing bargains, you'll have to assess several properties and decide which has the most potential for Okolona foreclosure investment value. Remember, real estate investing isn't just about getting the lowest price, it's about buying desirable home in locations with the potential for future value. Don't buy the first thing you see at Okolona foreclosure short sales, wait for the right property at the right price.

>> See more info about how to invest in foreclosures

Types of Foreclosures in Okolona

Foreclosure home

Foreclosures happen on all kinds of real estate, so a list of foreclosed homes in Okolona will have all kinds of opportunities. In addition to single family homes, you'll find lots of duplex, triplex, and multi family homes, which are great for investing. You'll find upscale townhouse and lofts, and all kinds of houses and condo foreclosures in Okolona, MS. There are even chances to buy land, farms, and ranches, sites for mobile homes, and Okolona apartments for sale at great discounts ll over the city. Whether you're looking for commercial or residential property, the possibilities are endless.

>> Learn more about foreclosures

Mississippi Foreclosure Laws

Foreclosure law

Mississippi real estate foreclosures are both judicial and non-judicial foreclosures in that foreclosure houses can be processed through either mechanism. In a judicial foreclosure, distressed properties in Okolona have to be approved through a court before an auction can take place. In a non-judicial foreclosure, no court approval is required; the lender can file a Notice of Default and eventually put the auction up for sale. Real estate brokers can handle foreclosures after they have been either cleared by the court or put on the market by the lender. In either case, homes that do not sell at auction are now owned by the lender and are Okolona REO properties.

Okolona Banks Foreclosures

Bank Foreclosure

Okolona bank owned homes can be a great way for buyers to find cheap properties. When bank foreclosures in Okolona, MS are not sold through a foreclosure auction, they become REO homes that are under the bank's control. Buyers must then approach banks and make offers on Okolona bank owned foreclosures. These offers are either accepted or rejected. For this reason, many people find buying bank owned homes for sale in Okolona Mississippi to be similar to buying from an agent. Check our Okolona bank foreclosure listings and find discount properties.

>> See more info about bank foreclosures

Okolona Government Foreclosures

Government Foreclosure

Okolona Government homes are usually foreclosures with government-sponsored mortgages, but they can also be the result of a repossession due to a government tax lien. Most commonly you'll find homes from agencies like Freddie Mac, Fannie Mae, and the USDA, which are federal homes mortgage sponsors. Like like all lenders, they offer foreclosures for sale to the public. HUD homes in Okolona MS are another popular type of foreclosure, as are VA foreclosures in Okolona, which are available from the Veterans Affairs Department for especially great deals. Check our Okolona government foreclosure listings.

>> See more info about govermment foreclosures

Okolona Pre-Foreclosures

Foreclosure

PreForeclosures in Okolona are properties that are in default, but have not yet gone to foreclosure sale. The foreclosure period begins when the homeowner is issued a Okolona Lis Pendens, or Notice of Default. In some cases, the homeowner may attempt to pay off their debt during this time, but bankruptcies are also often declared. Law requires that bankruptcy homes and pre foreclosures must be in the pre foreclosure stage for at least 60 days before a foreclosure auction can be scheduled, but it can still takes weeks or months for a sale to occur.

>> See more info about pre-foreclosures

Okolona Foreclosure Auctions

Foreclosure Auction

Most Okolona foreclosed homes are sold through Sheriff auctions. These auctions are fantastic ways to find cheap houses for sale, often at up to 50% off market value. Anyone can bid at foreclosure auctions in Okolona, and the auction is overseen by the Sheriff's office or a trustee. Be sure to secure financing before you attend an auction, because a down payment on the winning bid will be required after the sale ends. Auctions are the most common and sought after way to buy repo homes in Okolona, MS. We offer a comprehensive Okolona foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in Okolona, Mississippi

Find Home Foreclosure Listings in Okolona, MS

Okolona foreclosure listings are your ticket to the lowest prices on real estate in the city, and there's no better source for them than ForeclosureListingsNationwide.com. With our constantly updated database of foreclosure listings in Okolona, MS and easy-to-use search tools, finding the properties you want is fast and effective. Spend more time comparing Los Angeles apartment foreclosures, houses for sale or investment foreclosure properties and let us take care of the hard work! Use ForeclosureListingsNationwide.com to find bankruptcy houses for sale in Okolona Mississippi, best affordable foreclosure condo in Okolona, cheap apartments for sale, bargain foreclosed homes for sale in Okolona, MS and earn huge savings on the homes YOU want to buy!

Our Okolona Foreclosure Lists

You can find Okolona foreclosure homes for sale which you can buy for living or investment. Simply click through our Okolona foreclosure home listings to find government foreclosures and bank owned homes in Okolona area. If you're searching for a deep discount or low prices on real estate then searching our Okolona foreclosure lists for homes foreclosure for sale or short sale listing in Okolona is your answer. Our up-to-date Okolona short sale listings provide the latest investing opportunities on affordable Okolona bank owned property listings, government pre foreclosure lists, Okolona banrkuptcy homes and Okolona HUD repossessed homes for sale which can be found at below market value. With our massive foreclosure list in Okolona, you should have little trouble finding the cheapest deal on a foreclosed home in Okolona, Mississippi.

You can also search Houston foreclosure listings and Woodland foreclosure listings for more properties in the neighboring area.



Okolona, MS

As of 2011, Okolona's population is 2,823 people. Since 2000, it has had a population growth of -7. 68 percent. The median home cost in Okolona is $57,500. Home appreciation the last year has been -2. 24 percent. Compared to the rest of the country, Okolona's cost of living is 20. 10% Lower than the U. S. average. Okolona public schools spend $5,349 per student. The average school expenditure in the U. S. is $5,678. There are about 10. 3 students per teacher in Okolona. The unemployment rate in Okolona is 12. 10 percent(U. S. avg. is 9. 10%). Recent job growth is Positive. Okolona jobs have Increased by 4. 59 percent. Average Commute time is 23 minutes. The National Average is 28 minutes.

Peopleokolona, msUS
Population2,823307,829,557
Pop Density44187
Pop Change-7.68%9.34%
Median Age35.136.6
Households1,108116,329,167
Household Size2.492.58
Male Population44.72%49.31%
Female Population55.28%50.69%
Married Population30.52%47.15%
Single Population69.48%52.85%
Estimated Households By Household Incomeokolona, msUS
Income Less Than 15k37.82%12.10%
Income Between 15k And 25k15.16%10.18%
Income Between 25k And 35k14.89%10.56%
Income Between 35k And 50k16.34%14.98%
Income Between 50k And 75k9.93%19.53%
Income Between 75k And 100k2.26%12.52%
Income Between 100k And 150k1.98%12.14%
Income Between 150k And 250k0.63%3.91%
Income Between 250k And 500k0.99%3.34%
Income Greater Than 500k0.00%0.75%
Economyokolona, msUS
Unemployment Rate12.10%9.10%
Recent Job Growth4.59%-0.12%
Future Job Growth37.08%31.25%
Sales Taxes7.00%6.80%
Income Taxes5.00%6.25%
Income Per Cap$12,601$27,067
Household Income$23,045$52,954
Housingokolona, msUS
Median Home Age4035.1
Median Home Cost$57,500$175,100
Home Appreciation-2.24%-3.15%
Homes Owned49.57%59.90%
Housing Vacant13.91%10.37%
Homes Rented36.52%29.73%
Property Tax Rate$6.56$11.20
Owner Occupied Housing Units By Valueokolona, msUS
Less Than 20k6.74%2.65%
20k To 3999920.06%3.76%
40k To 5999925.55%4.99%
60k To 7999920.06%6.01%
80k To 9999915.52%7.27%
100k To 1499996.58%19.24%
150k To 1999993.45%14.67%
200k To 2999990.94%18.09%
300k To 3999991.10%9.14%
400k To 4999990.00%4.94%
500k To 7499990.00%5.42%
750k To 9999990.00%2.03%
1kk Or More0.00%1.77%
Educationokolona, msUS
School Expend$5,349$5,678
Pupil Teacher Ratio10.314.9
Students Per Librarian311803
Students Per Counselor199513
2 Yr College Grad10.28%7.47%
4 Yr College Grad10.45%17.42%
Graduate Degrees2.60%10.12%
High School Grads64.96%84.72%
Crimeokolona, msUS
Violent Crime34
Property Crime44
Housing Units By Year Structure Builtokolona, msUS
1999 To 20054.20%13.71%
1995 To 19984.27%8.54%
1990 To 19943.34%5.77%
1980 To 198915.46%13.87%
1970 To 197922.53%16.17%
1960 To 196910.64%11.70%
1950 To 195918.65%11.08%
1940 To 19494.51%6.02%
1939 Or Earlier16.39%13.15%

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