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Benefits of Investing in Cleveland Foreclosed Homes



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By : Iwona Filetti    99 or more times read
Investors are making a beeline for properties in Cleveland. Those on a shoe-string budget will benefit from Cleveland foreclosed homes which are available at rock-bottom prices. Besides the attractive prices there are several other benefits of Cleveland foreclosed homes.

Cleveland is a city in the state of Ohio and the county seat of the most populous county in the state, Cuyahoga County. It was established in 1796 and its proximity to several canals and rail road lines made it a centre for manufacturing. Thereafter though manufacturing has declined, the economy of Cleveland has diversified to the service economy including financial, legal, health care and insurance sectors. Cleveland is also home to the I.M. Pei designed Rock and Roll Hall of Fame.

The city is known for its public-private collaborations, revitalization of down town and urban renaissance. In 2005, The Economist ranked the city as one of the most livable in the United States. It was also ranked best city for business meetings in the country. Nicknames for the city include, ‘The Forest city’,’ The Rock and Roll Capital of the World’ and the “Cleve”.

On the cultural front, Cleveland is home to the Playhouse Square Center, the second biggest performing arts centre in the U.S. It hosts Broadway musicals as well as Opera Cleveland. The Cleveland Orchestra is considered one among the best in the world. The Cleveland Museum of art is a major American Art museum. This city is also the setting of many Hollywood movies and the setting of many works of literature. In 2008, this city was described as ‘Hot new dining city’ by the Chicago Tribune in its Travel section because of its culinary achievements. It is also home to various museums like Steam ship Mather museum and the Great Lakes Science centre. Fashion week Cleveland is one of the premier fashion shows of North America.

Cleveland also scores in the area of sports and education. Cleveland’s professional sports teams include members in most sporting leagues. The Cleveland Metropolitan School District is the biggest K-12 school district in the state. The city is home to a number of colleges and universities, the best known among them being the Case Western Reserve University known for its research and learning.

The economy is favorable towards employment opportunities. The city has diversified into services sector form its manufacturing base. It is the headquarters of many big companies like Eaton Corporation, NASA’s Glenn Research Centre etc.

Cleveland foreclosed homes are available in a variety of neighborhoods. Redevelopment has been going on strongly in the down town area. The number of down town units of housing has increased over the years in the form of lofts, condos and apartments. Some new housing projects are going on like The Flats, The Euclid Corridor project etc. Cleveland foreclosed homes are thus a great opportunity.

The number of Cleveland foreclosed homes has been on the rise with 10% of the city’s homes lying vacant due to foreclosure. This presents a great opportunity for investors interested in Cleveland foreclosed homes.
Iwona Filetti is a writer with an eye for detail. She writes on Cleveland Foreclosed Homes after a thorough research and understanding, her motto is to give beneficial information on foreclosures. For more details please visit ForeclosureDatabank.com

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