dallas foreclosures

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Buyers who purchased their homes higher than today’s Dallas Real Estate market having hard time to sell their Dallas and surrounding areas homes especially if the home needs updates or repairs.

Sellers need to be ready to hear back from possible buyers regarding these repairs after the inspection. Today’s inspections are detailed with pictures and information for buyer to understand easily the condition of the property.

In a growing real estate market, buyers did not mind to buy homes with need of repairs and updates because they were expecting to gain appreciation, however in today’s Dallas Real Estate market is totally opposite of that and sellers are having hard time to sell if the home is not on top condition in that area or listed for a low price. Read the rest of this entry »

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 Dallas residential real estate looks steady when you look at the MLS data as of October by monthly indicator from the Collin County Association of Realtors. The percentage of original list price received at sale is same as 2009. When look at two years there is slightly difference around 0.4% however the average sales price is higher 5.6% than 2009.

 According to Dallas Business Journal, Commercial foreclosure listings in Dallas-Fort Worth reached a 19-year high in the first 11 months of 2010, according to a report released by the Addison-based Foreclosure Listing Service. Foreclosure listings on D-FW commercial properties increased 39 percent in the first 11 months compared with the same period in 2009. The percentage represents 3,000 foreclosure filings so far, compared with 2,173 filings made last year during the same months. Read the rest of this entry »

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Most of seasoned investors, new investors, first time home buyers and who wants to buy a second house as an investment would like to learn more about pre foreclosure and foreclosure properties in Dallas.

Before getting into Dallas foreclosure properties lets start from the basics like what is preforeclosure? The Preforeclosure Sale (PFS) Program allows the mortgagor in default to sell the home and use the net sale proceeds to satisfy the mortgage debt even though these proceeds are less than the amount owed. Read the rest of this entry »

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