El Paso Local Information
If an American Southwest lifestyle is your dream, then a bank owned property in El Paso, Texas, is a dream come true!
Scores of affordable El Paso bank owned houses are available today in “The Sun City.” Don’t underestimate your small budget as it might just get you a mansion in El Paso.
El Paso a city of strong Hispanic roots, separated only by the Rio Grande from Mexico’s Ciudad Juarez. The county seat of El Paso county, it is the sixth-largest city in Texas and lies in the intersection of Texas, New Mexico, and Mexico’s Chihuahua state. Geographically, the city is marked in the middle by the Franklin Mountains, which extend into El Paso from the north, and observes Mountain Time. El Paso is home to the nearly the whole area of Franklin Mountains, the largest urban park in the United States.
El Paso remains a key entry point from Mexico to the United States. Its major industries include food production, clothing, and construction materials. Electronic and medical equipment, plastics, cotton, fruit, vegetables, and livestock are also staple businesses in the city. Tourism and trade with neighbor Ciudad Juarez is also driving the economy nowadays.
In terms of jobs, the military, the federal government, and the education sector are major employers. School districts in El Paso employ 19,000 workers while the University of Texas at El Paso (UTEP) has 3,600 workers. According to a study, UTEP operates on a $250 million budget and its economic impact to the city reached $349 million. Some 10,000 people, meanwhile, are employed in the call center industry.
Federal offices like the Immigration and Naturalization Service, the Drug Enforcement Agency, and the Customs and Border Protection Agency have major operations in the area. As a strategic location, the United States Army Air Defense Artillery Center in Fort Bliss, which produces some $80-million worth of products and services annually.
With a diverse economy making waves in various sectors, employment wont be a problem when you move to El Paso. Your bank account is also unlikely to be empty as bank owned houses in El Paso are selling for way beyond their actual value.
You can buy a bank owned home in El Paso today!
Just fill out our form to receive more FREE information on buying El Paso bank owned houses in El Paso.