No one denies for a moment that some of this country’s most expensive real estate lies along its coastlines — Pacific and Atlantic. While that is true, the fact of the matter is that although it may be beachfront property, homeowners can nonetheless end up in foreclosure there as often as anywhere else. Thus, foreclosure bargains can be had even on the coasts.

What it comes down to in order to successfully purchase beachfront property is identifying good potential markets to invest in, and doing some legwork and research to analyze what it is going to take in order to put together a deal with the homeowner or lender involved in the foreclosure.

Recently, RealtyTrac published its own list of potential beachfront investment communities ripe for the purchase of vacation homes on the home page of Yahoo!  The list enumerated in that article is based upon an initial list created in 2006 by its business partner Neighborhood Scout. The list was further analyzed, taking into account the present number of foreclosures found at each location until the original 40 communities were boiled down to a final list of 10 highly desirable communities. The list is compiled in no particular order other than going down the east coast first followed by going down the west coast of the U.S.

The cities/towns featured in the “10 Bargain Beach Towns” article are:

               • Clinton, CT
               • Rocky Point, NY
               • Somers Point, NJ
               • Carolina Beach, NC
               • Mount Pleasant, SC
               • Melbourne Beach, FL
               • Englewood, FL
               • Oak Harbor, WA
               • McKinleyville, CA
               • Cambria, CA

Check it out, and good luck in your search for a vacation home on the beach.

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