South Portland FORECLOSURE LISTINGS

The market is booming! Find an affordable home through our foreclosure listings in South Portland, Maine.

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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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PONCE ST Portland ME 04101 Foreclosures 2 1 $84,900.00 Details
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WALNUT ST APT 2 Portland ME 04101 Foreclosures 4 2 - Details
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GLENWOOD AVE Portland ME 04103 Foreclosures 3 1.5 - Details
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BEST ST Portland ME 04103 Foreclosures 5 2 $174,899.00 Details
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HIGH ST Portland ME 04101 Foreclosures 1 1 $84,800.00 Details
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BRIGHTON AVE Portland ME 04102 Foreclosures 5 2 - Details
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SUMMERFIELD LN Scarborough ME 04074 Foreclosures 4 2.5 $295,900.00 Details
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11 Photos
WILDWOOD CIR Westbrook ME 04092 Foreclosures 4 1.5 $329,900.00 Details
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19 Photos
FORESIDE COMMON DR Falmouth ME 04105 Foreclosures 2 2.5 $222,900.00 Details
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INVERNESS RD Falmouth ME 04105 Foreclosures 3 2.5 - Details
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10 Photos
SHELBY DR Gorham ME 04038 Foreclosures 3 1 $177,900.00 Details
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18 Photos
SCHOOL ST Gorham ME 04038 Auctions - - - Details
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15 Photos
OSSIPEE TRL Gorham ME 04038 Auctions 2 1 - Details
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23 Photos
PINEWOOD DR Cumberland Center ME 04021 Foreclosures 3 3 $264,900.00 Details
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BAYBERRY DR North Yarmouth ME 04097 Foreclosures 5 4 $255,900.00 Details
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FIELDSTONE DR North Yarmouth ME 04097 Foreclosures 3 2 - Details
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GRAY RD Windham ME 04062 Foreclosures 3 2 $139,900.00 Details
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RUNNING BROOK RD Windham ME 04062 Foreclosures 3 1 $147,900.00 Details
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WARDS COVE RD Standish ME 04084 Foreclosures 3 1 $269,900.00 Details
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BLAKE RD Standish ME 04084 Foreclosures 3 1 $143,900.00 Details
About our Listings

How to Buy South Portland Foreclosures

How to buy foreclosures

Buying real estate foreclosures in South Portland, ME starts with finding listings. By browsing South Portland 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 South Portland, ME.

>> See more info about how to Buy foreclosures

How to Invest in South Portland Foreclosures

How to invest foreclosure

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

Foreclosure home

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

Maine Foreclosure Laws

Foreclosure law

In the state of Maine, real estate foreclosures are judicial foreclosures, meaning that distressed properties in Maine 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 Maine REO properties.

South Portland Banks Foreclosures

Bank Foreclosure

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

>> See more info about bank foreclosures

South Portland Government Foreclosures

Government Foreclosure

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

>> See more info about govermment foreclosures

South Portland Pre-Foreclosures

Foreclosure

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

South Portland Foreclosure Auctions

Foreclosure Auction

Most South Portland 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 South Portland, 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 South Portland, ME. We offer a comprehensive South Portland foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in South Portland, Maine

Find Home Foreclosure Listings in South Portland, ME

South Portland 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 South Portland, ME 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 South Portland Maine, best affordable foreclosure condo in South Portland, cheap apartments for sale, bargain foreclosed homes for sale in South Portland, ME and earn huge savings on the homes YOU want to buy!

Our South Portland Foreclosure Lists

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

You can also search Brunswick foreclosure listings and Casco foreclosure listings for more properties in the neighboring area.



South Portland, ME

As of 2011, South Portland's population is 23,680 people. Since 2000, it has had a population growth of 1. 43 percent. The median home cost in South Portland is $190,100. Home appreciation the last year has been -1. 93 percent. Compared to the rest of the country, South Portland's cost of living is 6. 00% Higher than the U. S. average. South Portland public schools spend $8,782 per student. The average school expenditure in the U. S. is $5,678. There are about 11. 9 students per teacher in South Portland. The unemployment rate in South Portland is 6. 40 percent(U. S. avg. is 9. 10%). Recent job growth is Positive. South Portland jobs have Increased by 0. 77 percent. Average Commute time is 19 minutes. The National Average is 28 minutes.

Peoplesouth-portland, meUS
Population23,680307,829,557
Pop Density1,98287
Pop Change1.43%9.34%
Median Age41.936.6
Households10,520116,329,167
Household Size2.182.58
Male Population47.82%49.31%
Female Population52.18%50.69%
Married Population46.47%47.15%
Single Population53.53%52.85%
Estimated Households By Household Incomesouth-portland, meUS
Income Less Than 15k9.58%12.10%
Income Between 15k And 25k9.49%10.18%
Income Between 25k And 35k9.71%10.56%
Income Between 35k And 50k17.31%14.98%
Income Between 50k And 75k24.62%19.53%
Income Between 75k And 100k13.83%12.52%
Income Between 100k And 150k11.05%12.14%
Income Between 150k And 250k2.45%3.91%
Income Between 250k And 500k1.62%3.34%
Income Greater Than 500k0.34%0.75%
Economysouth-portland, meUS
Unemployment Rate6.40%9.10%
Recent Job Growth0.77%-0.12%
Future Job Growth35.14%31.25%
Sales Taxes5.00%6.80%
Income Taxes8.50%6.25%
Income Per Cap$28,869$27,067
Household Income$53,714$52,954
Housingsouth-portland, meUS
Median Home Age54.235.1
Median Home Cost$190,100$175,100
Home Appreciation-1.93%-3.15%
Homes Owned62.88%59.90%
Housing Vacant3.30%10.37%
Homes Rented33.82%29.73%
Property Tax Rate$15.24$11.20
Owner Occupied Housing Units By Valuesouth-portland, meUS
Less Than 20k0.15%2.65%
20k To 399990.15%3.76%
40k To 599990.03%4.99%
60k To 799990.35%6.01%
80k To 999991.53%7.27%
100k To 14999917.09%19.24%
150k To 19999937.20%14.67%
200k To 29999934.19%18.09%
300k To 3999995.37%9.14%
400k To 4999991.94%4.94%
500k To 7499990.98%5.42%
750k To 9999990.62%2.03%
1kk Or More0.41%1.77%
Educationsouth-portland, meUS
School Expend$8,782$5,678
Pupil Teacher Ratio11.914.9
Students Per Librarian1022803
Students Per Counselor253513
2 Yr College Grad12.82%7.47%
4 Yr College Grad21.31%17.42%
Graduate Degrees9.67%10.12%
High School Grads92.85%84.72%
Crimesouth-portland, meUS
Violent Crime34
Property Crime64
Housing Units By Year Structure Builtsouth-portland, meUS
1999 To 20058.07%13.71%
1995 To 19982.41%8.54%
1990 To 19943.76%5.77%
1980 To 198913.45%13.87%
1970 To 197910.21%16.17%
1960 To 19697.27%11.70%
1950 To 195911.58%11.08%
1940 To 194913.25%6.02%
1939 Or Earlier30.01%13.15%

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