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
4-3-3 located in Timber Lake Addition of Southlake! New roof, carpet, and SS appliances! Large & beautiful backyard with in-ground pool for entertaining the guests. This is a Fannie Mae HomePath property. Buyer to verify all information, including measurements. First Time Buyers to complete the HomePath Ready Buyer homeownership course on HomePath and receive up to 3% towards closing costs with acceptable offer on a HomePath property.
Amazing Rustic Log & Stone Home, 5 Acres in Bentwater! Bring the horses or cattle! Wall of windows to the top of tall ceiling & invites the light in. Kitchen has double oven, lots of counter space & tons of custom cabinets, organize your heart away w plenty of closets & storage space. Property includes an infrared sauna, 30 x 40 barn w powered workshop, 8 person storm shelter, rod iron dog run, pipe fenced w great gate that
MLS# 13719265 - Built by M-I Homes - June 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 palette
GREAL FAMILY HOME!. One of larger preowned houses in Sanger at 3526 SF. Nice curb appeal with nice landscape. Easy access to churches, schools and downtown area. 2 bedrooms and 2.5 baths downstairs. 2 bedrooms and 2 baths upstairs. Water and dryer facilities on both levels. Lots of storage and large walk in closets. Several built in book cases with desk tops. Swimming and diving pool recently painted. Equipment was in use at end of season. NO
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
MUST SALE !!! Discounted $75,000.00 BELOW ARV due to mandated Estate Sale & Financial stress and Physical deterioration. Home flippers dream. ALL CASH. Excellent location. Oak Creek Tennis & Parks & Trails within Subdivision. Excellent access to N. Dallas Tollway and George Bush Freeway. Toyota, Liberty Mutual, Fannie Mae, JC Penny, JP Morgan, Shops of Willow Bend Mall & Dallas Cowboys HQ & Training Facilities all of
Move in ready four bedroom two and a half bath home in Westchester Meadow subdivision. This updated Fannie Mae HomePath home features three living areas and two dining areas. Formal living room and a formal dining room just off the front entry. Family room with a corner gas starter wood burning fireplace is open to the kitchen and breakfast nook. Island kitchen with ample counter space and cabinets. Third living area is located upstairs. Wood
Great location in a conveniently located Mesquite subdivision, near parks, schools, and highways. This spacious home features 2 living areas, 2 dining areas, a large kitchen with lots of cabinet & counter space, 4 bedrooms including a huge master with sitting area, and a nice study-office. Home has just been updated with fresh paint, new carpet, stainless appliances, new wood fence, and more. Do not hesitate...This is a Fannie Mae Homepath
ALL BEDROOMS, GAME ROOM, LOFT AND LAUNDRY ARE UPSTAIRS. 3 BEDROOMS ARE SPLIT OR SEPARATED FROM THE MASTER SUITE. MAIN LEVEL HAS A WONDERFUL FOYER, FORMAL LIVING OR DINING, WITH ISLAND KITCHEN, BREAKFAST ROOM ALL OPEN TO THE FAMILY ROOM WITH FIREPLACE. BIG YARD WITH STORAGE SHED.
ALL OFFERS MUST BE SUBMITTED BY THE BUYER'S AGENT USING THE ONLINE OFFER MANAGEMENT SYSTEM. ACCESS THE SYSTEM VIA THE LINK IN DOCUMENTS (YOU MAY NEED TO COPY AND
PC#600 Cute as a Button. Perfect Starter home this property has 3 Bedrooms 2 Baths. Large Laundry Room with room for an office or hobby space. Close to Shopping and easy access to Hwy 377. New Roof installed Dec 2017. REO#D17042S This is a Fannie Mae Homepath Home.
Carol SeitzColdwell Banker United Realty Professionals
PC#2822 This is the one. Fresh Paint, Carpet, Roof Replaced Dec. 2017. Stainless Steel Appliances. This is a 3 Bedroom, 2 Bath Home with Large laundry room. Plenty of room to call home. Large Private wooded lots. Close to town, Lake and shopping. Easy access to Hwy 144. Come take a Peek. D1704G5 This is a Fannie Mae HomePath Property.
Carol SeitzColdwell Banker United Realty Professionals
You will have plenty of space in the home for your family and then have plenty of space on the land for your animals. The home is going to take your imagination to bring it back to what it could be. Long time neglect as taken its toll. Home does offer an oversized kitchen and when completed two master bedrooms. Living area has wood flooring. Storage Building will remain. Bring your imagination and come take a look. The is a Fannie Mae HomePath
Nice 3 bedroom, 2 full bath, 2 living, washer and dryer room, with detached garage near Downtown Fort Worth. This is a Fannie Mae property. Please verify all information.
Audrey BarreeCentury 21 A Barree 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 February 25th, 2018 at 11:15am CST.