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
Stunning former model home in Carillon, on an estate sized lot! RECENT updates include-spectacular pool with Nature 2 fusion chlorine-mineral sanitation system & over 1000 square feet of travertine decking; completely renovated master bath & downstairs half bath; real hardwood floors in master bedroom, master closet, hallways, living room, & stairwell; wainscoting in dining room & stairwell; ship-lap in master bedroom, beautiful
Gorgeous custom built Boyd Home on oversized lot backing to creek in highly desirable Kings Mill. Attention to detail in every room from the handscraped hardwood floors, custom lighting and everything in between.Gourmet kitchen with beautiful granite counters, copper sink, gas cooktop, double oven.Samsung 4 door fridge.Reverse osmosis drinking water filtration. Both outdoor living spaces wired for TV and Stereo. Downstairs patio has fireplace.
Wonderful Craftsman Style Tribute beautifully situated on 2.5 acres. Fine country living and so much charm. You will immediately feel welcome onto the wrap around porch. Enjoy the open floorplan and a large, open living area with fireplace and built-in bookcases. The kitchen is a chef’s dream with stainless appliances and large island. The master retreat downstairs is private and has a huge walk-in shower with double shower heads. Upstairs game
Welcome to your lightly preowned Darling home! In such a great location of Austin Waters, a highly sought after Carrollton community! Built by Darling Homes in 2011, as a copy of the model. Nail down wood floors in living room with very high ceilings, make it open and inviting. Updated kitchen features granite counters and SS appliances. Bedroom down that is perfect for guests! Other two bedrooms on separate wings of the house, providing optimal
Gorgeously Updated home on a quiet street in sought after Hidden Creek. This light, bright and airy home features new flooring throughout, new lighting, fresh new paint inside and out, new roof, new fence and much more! Don't miss the large backyard perfect for entertaining! Fall in love with this beautiful neighborhood, with rolling hills, parks, trails and more. This is a Fannie Mae Homepath Property.
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
PRICE IMPROVEMENT! Fabulous Darling preowned!Corner lot,3 CAR TANDUM GARAGE, study, master down, 2 study areas, granite, 3 baths! Newly replaced carpet throughout.Faux paint in formal dining. Study w French doors and wood floors. Kitchen w granite counters, tons of cabinets, gas cooktop and built in ovens. Gorgeous stone fp in fam rm.Mstr w neutral dcor, double vanities, garden tub and sep shower.Up has game room, and 3 spacious bedroom plus 2
Charming newer construction just feet from the HEART of Downtown Historic McKinney, this rare 5 bedroom home brings the BEST of both worlds! Open airy kitchen boasts painted white cabinets with granite counters, ss appliances, nice size kitchen island for added counter space. Open concept kitchen flows into family room; perfect for entertaining! Master down, 4 beds up; one room currently serves as office. Expansive flex area up complete with wet
Located on Kee Branch Creek that dissects property; woods & trees across back. Public areas flow together making entertaining a joy; see through fire place. Kitchen has leaded glass cabinet doors, special baking areas & upgraded with granite countertops. Kitchen, family room, master bedroom & hallway have engineered prefinished hardwood flooring. Utility room is 8 x 6 with an oversized stainless steel sink & skylight.
Beautiful luxury townhome located next to a treed area with no neighbors to one side. This is one of the few floor plans with an extra half bath. The unit appears to have never been lived in and has all of the amenities you could want. The home has two masters with one down and one up. There is a large game room upstairs. This is a Fannie Mae Homepath property.
PRICE REDUCED to the bone for a quick sale. This diamond in the rough just needs a little TLC to make it perfect. Home has additional front parking for an RV or boat. Sprinkler system. Stereo speakers inside & outside. Oversized garage with additional storage area, Park-like backyard with special lighting & Gunite Diving Pool with fountains, outside sink with hot & cold, swing set, pergola, Firepit & much more... Beautiful
Want a like new property for a preowned price? New roof in 2018 has warranty, New AC & furnace in 2018 has warranty , New fence in 2018, Fresh carpet in master Sept 2019, PLUS Updated flooring throughout. Gutters installed along with sprinklers in the front & back yard. You'll enjoy this one owner, meticulously maintained house! It's so extremely clean & move-in ready. This house also includes an office plus a 2nd living area. The
Cozy on up to 2309 Oakwood Lane, a residential dream. This property has 3 bedrooms, 2 bathrooms, and an open floor plan; perfect for hosting.
Large master, dual vanities, garden tub, and serene backyard!
Immaculate maintenance by the previous owners and priced like a bank owned property this
one will sell fast!
Awesome custom home on a beautiful acre lot in Midlothian School District!! This home features 4 bedrooms, 3.5 baths, 2 living areas, awesome covered front porch, balcony and attached 2 car garage. Split bedroom arrangement with master bedroom downstairs, 3 bedrooms and additional living area upstairs! This home has so much potential!! Don't pass up this opportunity to put on your refurbishing hat and make this one your show place!! This is
Bank-Owned REO. Partially finished rehab before investor ran out of funds. Needs to be finished out. Cash or Hard Money only. Seller willing to finance with 10% down.
Aaron JistelListing Spark
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 October 21st, 2019 at 6:15am CDT.