LOOKING TO BUY A HOUSE IN MELROSE PARK?
Honore Investments & Property Management Group LLC is
Because most of our inventory are foreclosure properties, we are able to sell them at a very, very deep discount! In fact, we will not sell any foreclosure property that does not have at least forty percent (40%) of real equity in it! While we sell Melrose Park foreclosure properties to a wide variety of buyers, most of our customers tend to fall into one of these six groups:.
- First-Time Homebuyers looking to buy a Single Family Home in Melrose Park with a mortgage of less than $975/month using President Obama’s $8000.00 Tax Credit.
- Foreclosure victims with damaged credit who needs to buy a house with direct financing from the seller instead of trying to qualify through a bank.
- Seasoned real estate investors and landlords seeking to expand their portfolio of properties.
- Move-up homebuyers looking to take advantage of the Government's $6500.00 Move-up/Repeat Homebuyer Tax Credit.
- Northerners seeking to buy a retirement home in Melrose Park.
- Professionals looking to move a portion of retirement funds (401K, Stocks, Mutual funds, CDs) into real property while the market is at the bottom.
About Melrose Park
As of the census of 2000, there were 7,114 people, 1,975 households, and 1,617 families residing in the CDP. The population density was 3,051.9/km² (7,877.1/mi²). There were 2,072 housing units at an average density of 888.9/km² (2,294.3/mi²). The racial makeup of the CDP was 10.05% White (8.1% werer Non-Hispanic White,) 82.65% African American, 0.10% Native American, 0.79% Asian, 0.03% Pacific Islander, 1.62% from other races, and 4.77% from two or more races. Hispanic or Latino of any race were 3.89% of the population.
There were 1,975 households out of which 44.7% had children under the age of 18 living with them, 51.8% were married couples living together, 23.0% had a female householder with no husband present, and 18.1% were non-families. 13.1% of all households were made up of individuals and 3.4% had someone living alone who was 65 years of age or older. The average household size was 3.60 and the average family size was 3.92.
In the CDP the population was spread out with 32.8% under the age of 18, 10.0% from 18 to 24, 28.5% from 25 to 44, 21.9% from 45 to 64, and 6.9% who were 65 years of age or older. The median age was 32 years. For every 100 females there were 95.9 males. For every 100 females age 18 and over, there were 90.9 males.
The median income for a household in the CDP was $45,745, and the median income for a family was $46,292. Males had a median income of $29,899 versus $23,327 for females. The per capita income for the CDP was $14,084. About 11.3% of families and 15.7% of the population were below the poverty line, including 24.2% of those under age 18 and 14.0% of those age 65 or over.
As of 2000, English as a first language accounted for 78.34% of residents, while Haitian Creole made up 16.41% of the population. The other languages included Spanish which was at 3.34%, French was at 1.36%, and Jamaican Creole & (Jamaican) Patois added together, made up 0.52% of all residents.
