Foreclosed and Distressed Investment Properties in Turkey
Turkey is a country located at the crossroads of Europe and Asia, with the main part being on the Anatolian Peninsula side in Western Asia, with a smaller portion (called Thrace) in Southeastern Europe.
Bordered by eight countries, Turkey is next to Greece and Bulgaria to the northwest, Georgia to the northeast, Armenia, Azerbaijan (Nakhchivan exclave), Iran to the east, and Iraq and Syria to the south.
Turkey is also surrounded by three seas, the Aegean Sea to the west, the Black Sea to the north, and the Mediterranean Sea to the south.
The capital city of Turkey is Ankara, while Istanbul is its largest city and a major cultural and economic hub, famously spanning both Europe and Asia across the Bosphorus Strait.
Popular areas of Turkey with International Buyers:
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.
