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Foreclosure in Irving : Real Estate Advice

  • All252
  • Local Info28
  • Home Buying86
  • Home Selling8
  • Market Conditions5

Activity 18
Fri May 26, 2017
Susie Kay answered:
Mon Dec 14, 2015
Alysse Musgrave answered:
No, it's not. I'll be happy to run a list of homes for sale in Irving. My contact information is listed below.

Don't Let Them Make a Monkey Out of You! Follow the links below.


Alysse Musgrave
http://HelpUBuyAmerica.com
https://www.youtube.com/watch?v=D5wipynkV4U


Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You! US, Texas, and Spanish versions available.
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Sun Jun 28, 2015
sandy answered:
I want to buy foreclosure or short sale property in Frisco. Please contact me at j2ee4you@gmail.com
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Fri May 15, 2015
Susie Kay answered:
Wed May 6, 2015
John Rovin asked:
I am new to foreclosure auctions.
One of the property has mortgage $150000 and unpaid balance is $90000. Considering there are no other liens. If the auction opening bid is $80000 and…
0 votes 0 Answers Share Flag
Thu Nov 6, 2014
George Raymondo answered:
It depends on the date of recordation of the Liens as to how they are prioritized. Sounds like there's quite a line and could be pretty messy AND could take a lot of time to sort out. Hope you have lots of patience. ... more
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Mon Feb 24, 2014
Thomas Moser answered:
Torang. Would you please stop posting your spam answer in response to every question on this site?
1 vote 4 answers Share Flag
Wed Oct 30, 2013
Dallas Texas answered:
Happy to assist you

My website is updated daily therefore saves you time search accurate information

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Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

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Tue Jan 22, 2013
Bruce Lynn answered:
Very rarely do we see foreclosures in Hackberry. I do see one currently on Clearspring. The ones that I have seen needed cash to close as they had significant foundation problems and would likely not finance with conventional financing.

Here is a link of what's currently for sale in Hackberry, including the foreclosure.

http://www.metroplexhomesalesinfo.com/listings/areas/40310/subdivision/hackberry/propertytype/SINGLE,CONDO,MULTI,LAND,FARM,COM,VAC/listingtype/Resale+New,Foreclosure+Bank+Owned,Short+Sale/

Let me know if you would like to see it or any of the other ho
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Thu Nov 8, 2012
Ryan Cassidy Group answered:
I would also recommend getting an inspection done, even though the bank probably won't negotiate afterwords. For a few hundred dollars you at least know what you're getting into, versus having a big surprise later. ... more
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Fri Aug 31, 2012
Kim Nwachukwu answered:
That property is not on the market. It foreclosed in February, but it's foreclosing lender has not offered it for sale yet. Don't let that $80K figure you are seeing fool you - the price will not be anywhere close to $80K when the bank finally gets around to selling it. It will be sold at market value less any repairs it needs - and market value on that home is not $80K. the lowest priced 3 bedroom single family home on the market in Valley Ranch today is priced at $159.9K. If you would like to be set up with a drip list that will alert you when it does come on the market, don't hesitate to get in touch by clicking on my profile. ... more
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Sun Apr 22, 2012
Bruce Lynn answered:
Yes... bid appropriately.
They don't always know if they are occupied or not. Sometimes it is hard to tell.
Could be the past owners, could be renters.
You would have to evict, if there is someone in the property.
If it was the past owner, probably not hard to do.
If it is a tenant, there could be a lease in place.
Often their prices are too good to be true. If you are thinking about the one on Tioga, that could be the case. If I remember correctly one of my clients bid over the asking price, but they rejected the offer.

Often you cannot get inside to see the home. So no inspection, no observations, etc. So difficult to know the condition. You might get a great deal, then again you might get one that is missing everything. You just never know.
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0 votes 7 answers Share Flag
Thu Dec 15, 2011
Bruce Lynn answered:
The banks want market value for the house.
I don't know the particular house, but it could be the one on Cedar Valley in Valley Ranch.
If so, I don't think 200K will even get you a counter. It will probably sell a lot closer to the $300K price.

You never know though. It doesn't hurt to make an offer. Maybe they won't respond, maybe they will. At least you will know you have tried.

Cash or financing really doesn't matter on these if they are in good condition. The net to the seller is the same. Most of the banks I have worked with don't actually like cash offers as only about 50% of them or less close. Large earnest money is what talks, proving you are serious about going through with the transaction.

If you want to take a look at the house or make an offer just give me a call.

There are several other foreclosures in Irving that are available as well.

Typically with low ball offers it's better to bid on ones that have been on the market a while or are in really bad shape.

You can see more Irving foreclosures at the link below.
http://www.metroplexhomesalesinfo.com/listings/propertyid/11670718,11521610,11521637,11663919,11675787,11569738,11666296,11646623,11676672,11674437,11678541,11696565,11674983,11694788,11669818,11670562/propertytype/SINGLE,CONDO,MULTI,LAND,FARM,COM,VAC,RENTAL/listingtype/Resale%20New,Foreclosure%20Bank%20Owned,Short%20Sale,Lease%20Rent/


vg
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Wed Nov 16, 2011
Bruce Lynn answered:
Anthony,

Don't get too excited about this one. The price is wrong in Realty Trac. It's probably a second lien, not a first and may never come on the market. Prices in La Villita for single family homes will be about 3x this amount or more. There are a couple of foreclosure townhomes about $200,000.

Let me know if you're interested. When the addresses are not published, they're likely not on the market and might not ever be on the market.
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0 votes 1 answer Share Flag
Sun May 22, 2011
T.E. & Naima Sumner answered:
Unfortunately, Texas is a non-disclosure state, which prevents Realtors from publishing individual sales data such that anybody can see it. Average data and any other aggregate data that does not expose individual sale prices publicly is allowed.

You can, however, get pertinent information on a surrounding neighborhood at this handy little site. No one will call you unless ask. www.DallasHomeValueReport.info
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Fri May 20, 2011
Kim Nwachukwu answered:
I would agree with Pat. Condos and townhomes have taken a harder hit than single family.
0 votes 2 answers Share Flag
Mon Jul 12, 2010
Don Groff answered:
Hello Elenor,

Almost all REO property is in the MLS. You will be best served by getting in touch with a local Realtor who can search for those home specifically for you. I would recommend that you do not limit yourself. While you can get a great deal on an REO home you can also get a great deal on a lot of properties in this market. So don't limit yourself. Banks sell REO's for as close to market value as possible but there are plenty of motivated sellers with homes priced competitively that will be of comparable value to anything in the REO market.

Good luck with your search.
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Fri Oct 23, 2009
Don Tepper answered:
You reposess the property, list like an automobile. (If the home includes the land it's sitting on, and the land was included in the sale, then, yes, you'd foreclose.)

Only 3 payments since 2006? Yes, it's far past time to act.

Good luck.
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