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Foreclosure in Saginaw : Real Estate Advice

  • All26
  • Local Info4
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 3
Mon Feb 3, 2014
Lady Theresa Thombs answered:
Sometimes the family is trying to short sell it in order to save their credit. If you would like for me to make an appointment to view it, call me at 817-875-8214.
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Tue May 15, 2012
Tim answered:
How would like to sell your house in just one week? No headaches, no frustration and without the usual struggles that accompany the normal process of selling a property. Due to the current downturn in real estate, many people are turning to private, ready to buy individuals to relieve them of the property problems. We buy houses for cash. Go to ... more
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Thu Nov 22, 2007
T.E. & Naima Sumner answered:
Michele, One of the reasons for foreclosures is the type of loan owners had. Saginaw particularly has a lot of new construction and a lot of first time homebuyers that should not have been approved for a loan, were put into a 2 year ARM program. So when they bought their house 2 years ago, they had an interest rate of about 7 to 8% then they were supposed to work on their credit and refinance before the 2 years were up but most of them didn't do anything and their interest rate adjusted and went up to 10% to 12% and they couldn't refinance and lost their homes. I am not guessing, I know this for a fact.

Second, right now there are only 7 homes that are foreclosures in Saginaw. That is not so bad considering that are 154 homes for sale on the market. NRH has 26 foreclosures on the market and 338 homes of which about 55 are new construction.

NRH is almost out of land for new construction therefore new homes are going to be in a higher price range i.e. 300K to 480K. Saginaw on the other hand is still growing and a lot homes can still be very affordable.

Let me know if you need any more information about the local market I invite you to visit my website and call me if you have any questions. I'll be happy to email you homes that match your search criteria so you have a better idea of what you get for your money here...
... more
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