How it works is that I represent you on these properties for a fee once you close in the property as most are not under a listing Agreements. To do these deals your going to need earnest money up to approximately 3000 and you have to know you can close on it because it is common practice to have banks and wholesales with non refundable earnest money deposits.if we have a deal on the table with the actual owner we can go in with a less money to control the property and close the deal from there.
Give me a call if you want to get an idea of what I'm talking about.
Chris Hutchinson Real Estate
The Michael Group
Any sales offer submitted you must have either bank statements show proof of cash OR lender approval statement . Not all foreclosures will your sales offer be accepted or have immediate response.
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
As Helen suggested, there are several ways. The 1st Tuesday of each month is foreclosure sale day in Dallas. Homes posted for foreclosure are auctioned off at the courthouse of the county where the home is located. An agent can bid in certified funds on your behalf. There are also periodic auctions that are held...but you have to actually attend these yourself as the Buyer. HUDhomestore.com has a list of HUD homes available and most Brokers are HUD certified to bid on your behalf for these. There are also many homes listed in the local multiple listing service that agents have access to. But remember you need patience and a thick skin to buy foreclosure properties. It can be very competitive.
I have several agents in my office that specialize in foreclosed properties. Let me know if we can help.
Thanks for using Trulia Voices.
Coldwell Banker Residential Brokerage
North Dallas Regional Office
214.729.5582 (cell or text)
In most cases the lienholder purchases the property and subsequently lists it for sale with a Realtor. The best advise I can offer is to work with an agent who is knowledgeable about the process and the market area the property is in. If you're planning to lease the property or flip it you'll need an agent familiar with that too. Feel free to contact me if you have more specific questions. I've helped many investors and am one myself!
We can help you. Just let me know where you want to live and what price range you want to be in and we can send you a list.
Will you visit dallas to look or will you buy long distance?
We can assist you either way.
Just give me a few more details about what you have in mind.