Decatur FORECLOSURE LISTINGS

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

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# Photo Address City State Zip Type BD BH Price Details
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ELEANOR ST Newton MS 39345 Auctions 4 2 $35,000.00 Details
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LANDFILL RD Newton MS 39345 Foreclosures - 1 $2,000.00 Details
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NEW IRELAND ST Newton MS 39345 Foreclosures - 2 $46,800.00 Details
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CONEHATTA PROSPECT RD Conehatta MS 39057 Auctions 4 2.5 $46,000.00 Details
About our Listings

How to Buy Decatur Foreclosures

How to buy foreclosures

Buying real estate foreclosures in Decatur, MS starts with finding listings. By browsing Decatur 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 Decatur, MS.

>> See more info about how to Buy foreclosures

How to Invest in Decatur Foreclosures

How to invest foreclosure

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

Foreclosure home

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

Decatur Banks Foreclosures

Bank Foreclosure

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

>> See more info about bank foreclosures

Decatur Government Foreclosures

Government Foreclosure

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

>> See more info about govermment foreclosures

Decatur Pre-Foreclosures

Foreclosure

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

Decatur Foreclosure Auctions

Foreclosure Auction

Most Decatur 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 Decatur, 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 Decatur, MS. We offer a comprehensive Decatur foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in Decatur, Mississippi

Find Home Foreclosure Listings in Decatur, MS

Decatur 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 Decatur, 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 Decatur Mississippi, best affordable foreclosure condo in Decatur, cheap apartments for sale, bargain foreclosed homes for sale in Decatur, MS and earn huge savings on the homes YOU want to buy!

Our Decatur Foreclosure Lists

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

You can also search Conehatta foreclosure listings and Newton foreclosure listings for more properties in the neighboring area.



Decatur, MS

As of 2011, Decatur's population is 1,382 people. Since 2000, it has had a population growth of -3. 02 percent. The median home cost in Decatur is $90,800. Home appreciation the last year has been -2. 15 percent. Compared to the rest of the country, Decatur's cost of living is 15. 50% Lower than the U. S. average. Decatur public schools spend $3,990 per student. The average school expenditure in the U. S. is $5,678. There are about 17. 9 students per teacher in Decatur. The unemployment rate in Decatur is 10. 20 percent(U. S. avg. is 9. 10%). Recent job growth is Negative. Decatur jobs have Decreased by 2. 83 percent. Average Commute time is 26 minutes. The National Average is 28 minutes.

Peopledecatur, msUS
Population1,382307,829,557
Pop Density1,31887
Pop Change-3.02%9.34%
Median Age24.936.6
Households458116,329,167
Household Size2.422.58
Male Population49.21%49.31%
Female Population50.79%50.69%
Married Population36.05%47.15%
Single Population63.95%52.85%
Estimated Households By Household Incomedecatur, msUS
Income Less Than 15k27.19%12.10%
Income Between 15k And 25k11.40%10.18%
Income Between 25k And 35k9.21%10.56%
Income Between 35k And 50k15.57%14.98%
Income Between 50k And 75k16.23%19.53%
Income Between 75k And 100k9.87%12.52%
Income Between 100k And 150k8.55%12.14%
Income Between 150k And 250k1.10%3.91%
Income Between 250k And 500k0.66%3.34%
Income Greater Than 500k0.22%0.75%
Economydecatur, msUS
Unemployment Rate10.20%9.10%
Recent Job Growth-2.83%-0.12%
Future Job Growth24.14%31.25%
Sales Taxes7.00%6.80%
Income Taxes5.00%6.25%
Income Per Cap$16,268$27,067
Household Income$37,070$52,954
Housingdecatur, msUS
Median Home Age34.835.1
Median Home Cost$90,800$175,100
Home Appreciation-2.15%-3.15%
Homes Owned59.88%59.90%
Housing Vacant11.63%10.37%
Homes Rented28.49%29.73%
Property Tax Rate$5.87$11.20
Owner Occupied Housing Units By Valuedecatur, msUS
Less Than 20k6.80%2.65%
20k To 399998.41%3.76%
40k To 5999913.92%4.99%
60k To 7999915.21%6.01%
80k To 9999912.94%7.27%
100k To 14999921.68%19.24%
150k To 19999913.59%14.67%
200k To 2999997.12%18.09%
300k To 3999990.32%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%
Educationdecatur, msUS
School Expend$3,990$5,678
Pupil Teacher Ratio17.914.9
Students Per Librarian497803
Students Per Counselor484513
2 Yr College Grad14.10%7.47%
4 Yr College Grad8.72%17.42%
Graduate Degrees7.13%10.12%
High School Grads80.53%84.72%
Crimedecatur, msUS
Violent Crime34
Property Crime34
Housing Units By Year Structure Builtdecatur, msUS
1999 To 20054.84%13.71%
1995 To 19985.86%8.54%
1990 To 19948.48%5.77%
1980 To 198923.26%13.87%
1970 To 197916.47%16.17%
1960 To 196919.96%11.70%
1950 To 19598.53%11.08%
1940 To 19495.43%6.02%
1939 Or Earlier7.17%13.15%

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