FindmyHomeinDFW.com makes it easy to find DFW area foreclosure listings. Start searching homes by choosing an area in Texas from the list below. From there you will be able to narrow down your choices of HUD homes in Texas. You may be looking for an investment property or maybe a single family home to live it. Either way, our search will provide you with every available foreclosure home including HUD and VA government foreclosure, bank REO foreclosures, short sales and pre-foreclosures, and more it is all here in one location.
If you would like any assistance in finding the home or investment that you are looking for or if you find a home that you are interested in please let us know as we will connect you to a professional Real Estate Agent and Mortgage Lender in your area to help make the experience and process of buying a home or foreclosure of your choice as smooth and easy of a process as possible.
Foreclosures are properties where the borrower has defaulted on the home loan, or taxes and the lender has repossesed the property. through the county courts. Therefore, they are bank and lender owned properties for sale, typically at prices set to simply recooperate a portion of their loss, and thus representing a potential opportunity for a buyer to purchase a property at a discount. Most of them will need work, but some will not.
A Short Sale is a property in which the home owner wishes to sell, but can not net enough proceeds from the sale to satisfy what is owed to the lender. Therefore they are attempting to sell it for less than, or "short" of what is owed. It is usually a last ditch effort to avoid foreclosure, and is not a profit position. The purchase process on a short sale is a lengthy one, and there are no guarantees that the offer, even at the asking price, will be accepted or even considered by the lender. The seller is allowed to present one offer to the bank along with the short sale request package, and the waiting game begins. Should you chose to offer on a short sale, be prepared to wait several weeks to several months, only to have the bank respond. I have seen them take as long as a year for the bank to counter at a far higher price, but other occassions where they accepted a price that seemed far fetched in only a 5-6 weeks. They can be a trying experience for buyers and sellers alike, but can save the seller from foreclosure, and represent a great bargain for those buyers who are able to wait it out.