Racine WI Foreclosure Homes

Search foreclosures by state: Click on the state to find foreclosures!

Located in Racine County, Wisconsin, United States, along Lake Michigan at the mouth of the Root River, Racine has a total population of 81,855. It is the county seat of Racine County.

A factory town almost from the very beginning, Racine has been accommodating immigrants for a long time. So properties have been bought sold and bought again for centuries here. The first factory that came up in Racine County was one that manufactured fanning mills, machines that separated wheat grain from chaff. Racine also was the homes of quite a few captains of industry, including J. I. Case (heavy equipment), S.C. Johnson (cleaning and chemical products), Secor, and many others. Racine is particularly known for its Danish pastries, especially kringle.

In 1887, Englishman William Horlick invented malted milk in Racine, and Horlicks remains a global brand. The garbage disposal was also invented in 1927 by architect John Hammes of Racine who founded the company In-Sink-Erator in Racine, which till date produces millions of garbage disposers a year. More over, Racine is where Johnson Wax, with its headquarters designed in 1936 by Frank Lloyd Wright, designed the Wingspread Conference Center and two homes in Racine. The city is also homes to the Dremel Corporation as well as Twin Disc, with so many claims to its fame, Racine, the largest North American settlement of Danes outside of Greenland, has to be the hub of real estate too. Those searching for residential properties in Racine have a good option to explore in bank foreclosure homes that offer the opportunity to own a property for up to 50 per cent less than the market value of the property. A number of websites carry information on how to search for foreclosure homes in Racine WI and finally buy them by bidding at the auctions held by foreclosing banks.

In terms of economy, the median income for a household in Racine is $37,164, and the median income for a family is $45,150. Men have a median income of $35,079 compared to $24,279 for women. The per capita income for the city is $17,705.

With an average kind of per capita income, bank defaulters abound and so do foreclosure homes that are up for grabs for those awake to the opportunity. A foreclosure homes in Racine is the right bargain.