Rio Grande Valley Foreclosures
Located just north of the Rio Grande River, Rio Grande Valley is a large region at the southern tip of Mexico. The area has some of the best bird and butterfly watching in the world, and its magnificent parks are accessible to the public throughout the year, making it a real draw for people throughout the country. Rio Grande Valley foreclosure real estate boasts a number of advantages, which include affordability, convenient locations close to schools and essential amenities, and a variety of property options.
Looking for foreclosed homes in Rio Grande Valley? View listings below to see some of the area's most recent foreclosures or keep on reading to learn more about these properties.
Search Rio Grande Valley Foreclosures
To learn more about how to purchase a foreclosure in Rio Grande Valley, register with RGV Realty.
About Rio Grande Valley Foreclosed Homes
Rio Grande Valley commercial listings that have been foreclosed on could be the way to go if you're in the market for a great deal at an affordable price. While there are more steps to purchasing a foreclosure, the benefits can outweigh said steps. Location, weather, and convenience are some great reasons to buy a property in Rio Grande Valley, along with a welcoming atmosphere and a real variety when it comes to property type.
Because Rio Grande Valley was established in the early 1900s, you can check out historical properties as well as more modern ones. Architecture styles vary from Spanish to traditional to modern contemporary, and living spaces can be up to 9,000 square feet or more; land can be up to 2 acres or more. Reasonable prices start at around $100,000.
Some of the most unique properties can be purchased through a foreclosure, including custom estates and renovated single-family homes. Explore houses that were built as far back as the 1920s or check out a fixer-upper that you can rebuild almost from scratch and turn it into your dream home.
More than the actual properties, Rio Grande Valley boasts quick and easy access to schools and medical services like New Start School, South Texas College, and McAllen Medical Center. Convenient transit systems are available, too, and many essential amenities are within walking distance depending on where you live.
Living in Rio Grande Valley
When you live in Rio Grande Valley, you have ample access to all kinds of exciting things to do and places to visit. If you’re interested in shopping and dining in the region, have a look below at some of the best ones to choose from:
- La Plaza Mall
- Sunrise Mall
- Valle Vista Mall
- Frida's Grill and Cantina
Because Rio Grande Valley has such a fascinating and long history, there are plenty of exceptional museums and historical places to visit. Have a look at the Quinta Museum, the International Museum of Art & Science, or The McAllen Heritage Center.
For those who love to fish, the Laguna Madre is a bay with some of the best fishing in the entire state. Charters and guides are readily available if you don’t want to go out on your own. Some of the most exciting fish to catch include Black Drum, Red Drum, and Sea Trout.
Buying a Foreclosure
At RGV Realty, we have helped dozens of buyers purchase foreclosures throughout the Rio Grande Valley. Buying a home can be challenging. Getting a foreclosure adds a few more obstacles.
- Preapproval Letter - Sellers will not review an offer without one and the best properties sell quickly. Apply Here
- House Condition (AS IS) - Many homes are damaged and missing items like AC, water heater, cabinets, etc. It is important to understand only some foreclosures might qualify for your loan program.
- Repairs (FHA Loans) - A few sellers might make minor repairs to qualify for an FHA loan. These repairs need to be addressed early in the process.
- Price - It usually reflects its condition and the discount of being a foreclosure. Huge discounts apply to the worst properties that cannot be financed. The best foreclosures attract multiple bids. We will assist you with price negotiation.
After you have been approved by your lender, contact us and we can help you with any of the properties below. RGV Realty is also a HUD Broker and has access to property owned by the U.S. Government.
Foreclosures for Sale by City
Foreclosures for Sale by County
Are you looking for a great deal on a home or buying an investment property in the Rio Grande Valley? A foreclosure may be the answer. Search our list of foreclosure homes, REO (real estate owned) homes and bank-owned properties for sale in Hidalgo County. Our list is compiled directly from the Greater McAllen MLS. These properties are actually "For Sale", unlike many foreclosure websites that make you pay for access to their data. Our properties have already resolved any title issues and are priced to sell quickly.
If you would like to receive email updates as new foreclosures are added to our list, please register and send us a quick message. We can help you set up a saved search for specific cities, price ranges or property types. Remember, it is important to speak with a lender early in the process since the best foreclosures sell fast!
With our years of experience, we can help the first time buyers step-by-step through the process of buying a foreclosure.
Get in touch with RGV Realty to book home viewings and to learn all there is about real estate trends in Rio Grande Valley, Texas.