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
Well-appointed beautiful traditional tucked in the peaceful and private Mira Vista! Exquisite master suite with full walk-through shower, soaring ceilings, and custom closet. High-end chef's kitchen and butler's pantry seamlessly complement the home's open floor plan and ease of entertaining. Home functions well as a one-story with master suite and 2 other bedrooms downstairs. Second story space is perfect for short or long-term guests, with
This stunning 2 story brick home w stone accents is picture perfect. Walk up to the beautifully landscaped raised flower beds & enjoy warm afternoons on the front porch. Walk inside to a soaring entry where the home office & formal dining room greet you. There is a bedroom & full bathroom downstairs ideal for guests. The kitchen features granite,window seat & designer paint is open to the living room w gas starter fireplace. The
Actual former Darling Homes model in amazing Austin Waters! Classic painted brick with professional landscape on a spacious corner lot! Wide open design with soaring ceilings. Guest suite w full bath down. Fireplace! Master suite, study plus secondary guest suite up. Hi end finishes and details you would expect in a former model: 2019 paint, extensive real hardwoods, wet bar at game area, Google Home Voice, Samsung Smartthings,Netgear
Spacious mid century modern ranch style floor plan with sitting area in master.Meticulously designed with upgrades galore.Including 2 new AC units,new floors,new dishwasher,trash compactor,12inch baseboards,fresh paint,new carpet with plush pad,granite counter tops,LED recessed lighting with dimmer switches,2 water heaters one tank less,crown molding,stereo ceiling system & many more.Enjoy this back yard oasis with 2 amazing patios,fire
Take a look at this incredibly priced 4 bdrm-2.5 bath home in Prosper ISD! This freshly painted home features an open floor plan with engineered hardwood flooring in the entry, dining & kitchen; ceramic tile in the baths; granite counter-tops, new stainless appliances and an island-breakfast bar in the kitchen; an upstairs living-game room; and a large master bath with dual vanities, garden tub, and separate shower. Covered entry, large
Cozy on up to 7109 Stone Villa Circle a residential dream, adorned with many awesome features and upgrades throughout. Enjoy the amazing spacious and open floor plan: Master and full bathroom on first level, with an additional two on the second level. Bedrooms 2-4 are on the second floor, along with an office and upstairs living room. This property has amazing amenities and sits in the perfect location. Immaculate maintenance by previous owners
NEW INCENTIVES!! MORE VALUE!! A spectacularly maintained 5 bed 4 bath Meritage home in Marine Creek Ranch. Located in low traffic cul-de-sac, Access to pool, trails and play areas. Media room, game room, study, bay windows, NEW crown moulding, Beam Central Vacuum System, granite counters, butlers pantry, walk-in closets, Gourmet Kitchen Package, professional grade gas range, multi zone controlled stereo wiring, patio gas plumbing, large walk-in
Wow...take a look at this high quality home in the well-kept and conveniently located Park Ridge Subdivision in McKinney. This home features an open floor plan with modern color scheme; engineered hardwood flooring in the living area; ceramic tile in the kitchen and baths; wonderful white shaker style cabinets, granite countertops, stainless appliances and an island-breakfast bar in the kitchen; an upstairs living area or game room with a half
STARDUST RANCH…NEWLY REMODELED HOME... open floor plan, many well chosen upgrades including custom shaker cabinets, granite countertops & ceramic Lantern tile backsplash, recessed & undermount LED lights in kitchen, cordless blinds, stainless steel appliances, new sinks, faucets, toilets. Interior painted in neutral designer color. New carpet & wood tile flooring. Large Master Bedroom with huge closet. Vaulted ceilings, floor to
Move in ready three bedroom two bath Fannie Mae HomePath home located in the Shadybrook subdivision. Formal dining and formal living room. Island kitchen with ample cabinets and counter top space. Family room features a wet bar and wood burning fireplace. Master bedroom has a two sided wood burning fireplace shared with the master bath. Master bath has a fireplace, jetted tub, and separate shower. Large walk-in master closet. Unique
Great affordable property in Grand Prairie ISD that qualifies for 10k DPA and closing cost assistance with Bank of America grant program. Huge lot with spacious backyard that's move-in ready the only thing that's missing is the new owner. New paint, flooring, and fixtures are just the beginning of the improvements made by the owner.
Here's your chance to buy this ranch style home in Mesquite. Conveniently
located close to shopping, parks, and major roads this home offers approx.950
sqft of living space with 3 bedrooms, 1 bath and a 1 car attached
garage workshop. Come take a look! This is an AS-IS REO property.
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 January 26th, 2020 at 1:00pm CST.