Arlington, Mansfield and Fort Worth Texas Area Foreclosure Homes for Sale
The Tom Brewer Gold Team covers all of Tarrant County and Dallas County Foreclosures and will provide you with a customized list to suit your buying preferences in all areas of Real Estate. The properties and their availability listed below change on a daily basis. These are not all of the available foreclosure listings however they are a representative sample of the areas. Please tell me in the form below what your preferences are and I will send you a customized list of available properties within 24 hours. Please make sure to include your price range and specific cities of interest in your message.
These homes sell very quickly . All of these homes require a letter of pre-approval to be shown. Please do not hesitate to contact me and I will take care of this for you. If you do not see an area of interest please do not hesitate to call and I will customize a list of homes for you.
Tarrant County Area Residential Home Foreclosures for Sale
MLS# 13719265 - Built by M-I Homes - February completion! ~ The Turnberry is the ultimate affordable family home with 5 bedrooms, 4 baths, game room, media reoom, oversized kitchen and butlers' pantry. This home also includes 3-car tandem garage, mudroom and oversized covered patio. All of this in 3,175 square feet. Vaulted ceiling at the entry show off the impressive curved staricase which is finished with iron spindles. A neutral color
LOCATED ON CORNER LOT ADJACENT TO GREENBELT WITH SPARKLING POOL AND OUTDOOR LIVING AREA! PLUS GRASSY AREA! GREAT HOUSE WITH 4 BEDROOMS, GAME ROOM, MEDIA AND 2-1-2 BATHS. FAMILY ROOM HAS SOARING 2-STORY CEILINGS WITH OPEN CONCEPT TO LARGE KITCHEN WITH GRANITE COUNTERTOPS, GAS COOKTOP AND WRAP AROUND BAR. LARGE BREAKFAST ROOM, KITCHEN AND FAMILY ROOM OVERLOOK THE INCREDIBLE BACKYARD. MASTER SUITE HAS LUXURY BATHROOM PLUS A WORKOUT ROOM OR NURSERY
Home sits on a hill, backing up to McFarland Ranch. Beautiful views of the county-side. Home is being sold as is, and in need of TLC. Offers open to owner occupants through 10.27.17 under the Freddie Mac First Look Initiative.
Susan HawkinsMITCHELL REAL ESTATE & MANAGEMENT, LLC
Golf Course Lot!! House backs to 10th fairway. Shows like a model! 4 bedrooms, 3.1 baths, living room, dining room, family room, study, master down, 3 bedrooms, gameroom and media room up. Open floor plan with beautiful views of Westridge Golf Course. Stereo throughout, jack and jill bath, art niches, catwalk, vaulted ceilings, jetted tub, gas cook top, shaving sink, shower seat, work stations and builtins. This is a must see as the professional
Fabulous house in the stunning neighborhood of Forest Hills!Large living spaces, 5 over sized bedrooms and 4 bathrooms. This gorgeous house is in excellent condition. Very well kept and freshly updated.It's located in a one of most prestigious neighborhoods of Arlington,& has it's own private security,fishing pond,tennis courts and playground.In addition to luxury and safety,this house benefits from the best location in north Arlington.
Beautiful historical home with an inviting front porch with ceiling fan. A place to relax with friends. Lead glass front door opens to large living area. The kitchen and dining room are open. The shiplap wall with a 30 in X 7 ft space between the walls (per owner) offers an opportunity for you to open up one of two rooms. Another wall features cabinets across it. The third bedroom is split. The back bedroom could be converted to a master
This property is a sight for sore eyes.. This 4 bedroom 2 bathroom, 2 car garage property is a must-see! Beautiful home with gorgeous accent walls throughout.. Open floor plan with spacious rooms. Price like a bank owned property this home will sell fast. Come out and see for yourself! OPEN HOUSE: This Sunday (November 19th) 12 to 2pm.
BRING ALL OFFERS!!! PRIME DOWNTOWN ALEDO LOCATION- .45 Acre..Sweet, well taken care of 2-1 home on oversized lot on cul-de-sac. Quiet & private. Walking distance from churches, shopping, dining & library. There is a well on the property. The previous owner used it to water his gardens. Current Owner makes no guarantee on the condition of the well,well pump or any parts thereof. The gas dryer in the laundry area stays with the
Micki EllenbergerCENTURY 21 JUDGE FITE COMPANY
Foreclosures Are Not All The Same
The real estate industry is becoming more and more specialized as regulations and legal issues tend to make simple matters more difficult and the reasonable unreasonable. The specialization is also now becoming part of the bank world. I speak with clients quite a bit about foreclosure opportunities in my market and I can tell you that there is an overwhelming assumption that all foreclosures are the same and on occasion all foreclosures are HUD properties. Nothing is further from the truth. Not only are there numerous types of foreclosures there are different contracts and addenda that come into play as well. The type of loan that you have may also play a part in a successful or unsuccessful acceptance of an offer as well. Let’s take a closer look. HUD Properties
When a lender forecloses on an FHA loan the lender is in all actuality filing a mortgage insurance claim for the balance due. The lender will then transfer the property back over to HUD and this property now becomes a HUD foreclosure. A HUD foreclosure is generally for less expensive properties due to the FHA lending limits. These properties will allow FHA financing in either a standard 203B loan or the 203K rehab loan. The properties have a maximum lending value of the listed price on FHA financing so any amount bid above this must be a cash contribution from the seller. This can be problematic as potential buyers that are using conventional financing can bid above the list price and as long as the property appraises then the cash out of pocket is not increased in any way other than the original terms of down payment on the loan. VA financing on HUD properties is more difficult due to stricter appraisal requirements that may ask for repair. HUD as a general rule does not repair property.
Fannie Mae and Freddie Mac
While they are a little different for this discussion we will treat them the same. Fannie and Freddie are privately owned entities that are known as government sponsored entities because they receive federal support and assume some public responsibility. For simplicities sake Fannie and Freddie are conforming (Conventional Lenders) in loan type. When a Fannie Mae or Freddie Mac loan is foreclosed the property reverts back to the entity and is assigned to the REO department. This department contracts with many Realtors in many cities to market and liquidate their properties. The operating assumptions are different than HUD in concept not only in terms of the purchase contract structure they are also different in the rehabbing side as well. Many Fannie and Freddie properties will be given a cosmetic facelift either before or during the marketing period of the home. The properties are generally more aggressively priced however are usually in much better condition than a HUD home. These properties are much friendlier to all types of loans as the properties will usually pass a condition report on an appraisal.
Other Bank Foreclosures
These types of foreclosures are usually either conventional in nature or a proprietary loan product that a bank chose to warehouse the loan (which means the loan was not sold on the mortgage backed securities market) and the banks themselves own not only the servicing rights to the loan but the actual loan obligation as well. These foreclosures are handled by individual banks such as Wells Fargo, Bank of America, Chase bank and Citi Bank to name a few. These foreclosures are all a little different as the bank policies and procedures in the treatment of these properties are different with each entity. That translates into the real necessity of an experienced Realtor that deals with these properties on a regular basis so that you are not exposed to any possible negative repercussions in the transaction.
VA stands for the Veterans Administration and these are foreclosures that involve VA financing. These properties have their own contract format and policies and procedures as well. These foreclosures are generally manages by Ocwen and this entity serves as the REO management company of the VA.
As you can see there are many types of foreclosures in the real estate world. The most important thing to consider in getting involved with this type of transaction is making sure you are working with a qualified real estate agent. Do not be afraid to ask questions, ask for explanations and require thorough information before any commitment is made to purchase a property.
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Listing information last updated on November 24th, 2017 at 6:00pm CST.