New Madison FORECLOSURE LISTINGS

The market is booming! Find an affordable home through our foreclosure listings in New Madison, Ohio.

Total: 17
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# Photo Address City State Zip Type BD BH Price Details
There are no Properties matching your search criteria. Showing nearby homes.
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9 Photos
W GEORGE ST Arcanum OH 45304 Auctions 3 1 $64,350.00 Details
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S HIGH ST Arcanum OH 45304 Foreclosures 2 1 $46,500.00 Details
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MAIN ST Arcanum OH 45304 Auctions 4 2 - Details
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STATE ROUTE 571 Greenville OH 45331 Foreclosures 3 2 $98,000.00 Details
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SURREY LN Greenville OH 45331 Foreclosures 2 2 $49,900.00 Details
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WASHINGTON AVE Greenville OH 45331 Auctions 4 1.1 $37,800.00 Details
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E HARMON DR Greenville OH 45331 Foreclosures 3 3 $110,880.00 Details
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SWEITZER ST Greenville OH 45331 Auctions 2 1 - Details
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HI WIND RD Greenville OH 45331 Foreclosures 3 1 $45,000.00 Details
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RHOADES AVE Greenville OH 45331 Foreclosures 4 2 $74,000.00 Details
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WAYNE AVE Greenville OH 45331 Foreclosures 4 2 $39,900.00 Details
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E PEPPERMINT ST Union City OH 45390 Foreclosures 3 1 $48,000.00 Details
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COLETOWN LIGHTSVILLE RD Union City OH 45390 Foreclosures 2 2 $22,900.00 Details
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STATE ROUTE 47 N Union City OH 45390 Foreclosures 3 1 $29,900.00 Details
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E NORTH ST Union City OH 45390 Foreclosures 5 1 $18,900.00 Details
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S BROAD ST Rossburg OH 45362 Foreclosures 4 1.5 $35,000.00 Details
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MCFEELEY PETRY RD New Weston OH 45348 Foreclosures 2 1 $13,500.00 Details
About our Listings

How to Buy New Madison Foreclosures

How to buy foreclosures

Buying real estate foreclosures in New Madison, OH starts with finding listings. By browsing New Madison 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 New Madison, OH.

>> See more info about how to Buy foreclosures

How to Invest in New Madison Foreclosures

How to invest foreclosure

New Madison 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 New Madison real estate investing bargains, you'll have to assess several properties and decide which has the most potential for New Madison 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 New Madison 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 New Madison

Foreclosure home

Foreclosures happen on all kinds of real estate, so a list of foreclosed homes in New Madison 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 New Madison, OH. There are even chances to buy land, farms, and ranches, sites for mobile homes, and New Madison 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

Ohio Foreclosure Laws

Foreclosure law

In the state of Ohio, real estate foreclosures are judicial foreclosures, meaning that distressed properties in Ohio are handled by the legal system in the state. Typically, cases involving foreclosure houses must be approved by a court - sometimes a special foreclosure court - before they can be handled by real estate brokers and sold. The lender will file a complaint along with a Lis Pendens notice; the court will then decide if the complaint is valid. If it is, the court will issue a writ for a public auction for the property. If these properties do not sell, the lender regains possession of the home, and they become Ohio REO properties.

New Madison Banks Foreclosures

Bank Foreclosure

New Madison bank owned homes can be a great way for buyers to find cheap properties. When bank foreclosures in New Madison, OH 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 New Madison bank owned foreclosures. These offers are either accepted or rejected. For this reason, many people find buying bank owned homes for sale in New Madison Ohio to be similar to buying from an agent. Check our New Madison bank foreclosure listings and find discount properties.

>> See more info about bank foreclosures

New Madison Government Foreclosures

Government Foreclosure

New Madison 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 New Madison OH are another popular type of foreclosure, as are VA foreclosures in New Madison, which are available from the Veterans Affairs Department for especially great deals. Check our New Madison government foreclosure listings.

>> See more info about govermment foreclosures

New Madison Pre-Foreclosures

Foreclosure

PreForeclosures in New Madison are properties that are in default, but have not yet gone to foreclosure sale. The foreclosure period begins when the homeowner is issued a New Madison 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

New Madison Foreclosure Auctions

Foreclosure Auction

Most New Madison 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 New Madison, 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 New Madison, OH. We offer a comprehensive New Madison foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in New Madison, Ohio

Find Home Foreclosure Listings in New Madison, OH

New Madison 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 New Madison, OH 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 New Madison Ohio, best affordable foreclosure condo in New Madison, cheap apartments for sale, bargain foreclosed homes for sale in New Madison, OH and earn huge savings on the homes YOU want to buy!

Our New Madison Foreclosure Lists

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

You can also search Arcanum foreclosure listings and Greenville foreclosure listings for more properties in the neighboring area.



New Madison, OH

As of 2011, New Madison's population is 782 people. Since 2000, it has had a population growth of -4. 28 percent. The median home cost in New Madison is $105,000. Home appreciation the last year has been -2. 74 percent. Compared to the rest of the country, New Madison's cost of living is 11. 60% Lower than the U. S. average. New Madison public schools spend $4,558 per student. The average school expenditure in the U. S. is $5,678. There are about 15. 2 students per teacher in New Madison. The unemployment rate in New Madison is 9. 70 percent(U. S. avg. is 9. 10%). Recent job growth is Negative. New Madison jobs have Decreased by 3. 13 percent. Average Commute time is 26 minutes. The National Average is 28 minutes.

Peoplenew-madison, ohUS
Population782307,829,557
Pop Density2,20787
Pop Change-4.28%9.34%
Median Age39.736.6
Households309116,329,167
Household Size2.532.58
Male Population50.19%49.31%
Female Population49.81%50.69%
Married Population59.31%47.15%
Single Population40.69%52.85%
Estimated Households By Household Incomenew-madison, ohUS
Income Less Than 15k14.94%12.10%
Income Between 15k And 25k11.69%10.18%
Income Between 25k And 35k12.99%10.56%
Income Between 35k And 50k18.18%14.98%
Income Between 50k And 75k23.70%19.53%
Income Between 75k And 100k10.39%12.52%
Income Between 100k And 150k6.50%12.14%
Income Between 150k And 250k0.97%3.91%
Income Between 250k And 500k0.32%3.34%
Income Greater Than 500k0.32%0.75%
Economynew-madison, ohUS
Unemployment Rate9.70%9.10%
Recent Job Growth-3.13%-0.12%
Future Job Growth24.04%31.25%
Sales Taxes7.00%6.80%
Income Taxes6.87%6.25%
Income Per Cap$19,536$27,067
Household Income$43,452$52,954
Housingnew-madison, ohUS
Median Home Age61.135.1
Median Home Cost$105,000$175,100
Home Appreciation-2.74%-3.15%
Homes Owned77.84%59.90%
Housing Vacant7.78%10.37%
Homes Rented14.37%29.73%
Property Tax Rate$8.56$11.20
Owner Occupied Housing Units By Valuenew-madison, ohUS
Less Than 20k2.69%2.65%
20k To 399991.54%3.76%
40k To 599998.08%4.99%
60k To 7999916.54%6.01%
80k To 9999921.15%7.27%
100k To 14999926.54%19.24%
150k To 19999914.62%14.67%
200k To 2999996.92%18.09%
300k To 3999991.15%9.14%
400k To 4999990.77%4.94%
500k To 7499990.00%5.42%
750k To 9999990.00%2.03%
1kk Or More0.00%1.77%
Educationnew-madison, ohUS
School Expend$4,558$5,678
Pupil Teacher Ratio15.214.9
Students Per Librarian375803
Students Per Counselor716513
2 Yr College Grad8.69%7.47%
4 Yr College Grad3.88%17.42%
Graduate Degrees2.77%10.12%
High School Grads87.80%84.72%
Crimenew-madison, ohUS
Violent Crime24
Property Crime24
Housing Units By Year Structure Builtnew-madison, ohUS
1999 To 20058.98%13.71%
1995 To 19985.61%8.54%
1990 To 19943.37%5.77%
1980 To 19894.19%13.87%
1970 To 19799.88%16.17%
1960 To 19696.59%11.70%
1950 To 195910.48%11.08%
1940 To 19498.68%6.02%
1939 Or Earlier42.22%13.15%

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