Dallas Real Estate Home Foreclosures Allowing Buyers to Cash In
December 18, 2009 by Kenneth Cox · Leave a Comment
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Dallas Real Estate Home Foreclosures | FHA, VA, REO, Short Sale Foreclosures
Although the Dallas home foreclosure rate is lower than the National foreclosure rate, which was around 3.2% in October, Dallas is still reporting a high number of home foreclosures especially in the high end market on million dollar plus homes. This year million dollar plus homes in Dallas experienced a 24% increase.
If you are looking for a great deal on a home with a great rate, you still have time to cash in. Interest rates in Dallas have fallen in the past few weeks averaging between 4.75-5.00% with no points. If your looking to buy a home in Dallas, you just can’t lose with low interest rates and a high inventory of foreclosed, pre owned and new construction homes. Also, the tax credit was recently amended allowing first time home buyers and current home owners to take advantage of a tax credit up to $8,000.
If you are in the market to purchase a foreclosure in Dallas, do your research and make sure you consider all possible options including REO foreclosures, Auction Sales, and Short Sale Listings.
- Dallas Real Estate Owned (REO) foreclosures - (Bank, Government Agencies, FHA, VA, HUD)
- Dallas Short Sale Listings – homes that are in pre foreclosure
- Dallas Auction Sale Foreclosures – homes that have been foreclosed and placed on auction for bid
- Absolute Foreclosure Auction – Highest Bid wins, no minimum bid required
- Minimum Bid Foreclosure Auction – Minimum bid required for consideration
- Reserve Foreclosure Auction – Seller reserves right to accept highest and best offer within a specific time period
For more information on foreclosure homes in Dallas, contact one of our Dallas foreclosure specialists. Our foreclosure agents can assist with all types of foreclosure properties including single family homes, condos, town homes, multi-family, office buildings, commercial properties, retail, industrial, agricultural. To search home foreclosures in Dallas instantly by map visit: Dallas Home Foreclosure Search
