Foreclosed and Distressed Investment Properties in Honduras
Honduras, located in Central American, has borders with Guatemala to the west, El Salvador to the southwest, and Nicaragua to the southeast, and it also benefits from having coastlines on both the Caribbean Sea and the Pacific Ocean.
The northern coast in Honduras, including the Bay Islands, is world-renowned known the turquoise waters and coral reefs that are to be found there.
Tourism in Honduras is a very important part of the economy, and has several key locations if looking for property investment in a tourism driven location, or a luxury property to use personally, or to rent-out part time when not in residence.
Key areas include Roatán, Utila, Guanaja (Bay Islands), Copán Ruinas, La Ceiba, Pico Bonito, Tela and Trujillo.
Popular areas of Honduras with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
