For Investors and other bargain hunters: Dallas/Fort Worth Foreclosures

From January to June of 2008, foreclosures in the Dallas-Fort Worth area were up 20% from the same period last year according to Foreclosure Listing Service Inc. More than 25,000 North Texas homeowners have been faced with foreclosure so far this year. Foreclosures, REO’s, and short sales do not limit themselves to one part of town. They are more prevalent where the sub-prime market has been hardest hit in the southern and eastern regions of the metroplex, but there are great bargains to be had in the northern and western portions, too.

$150k Plano foreclosure

Some of these homes are in sparkling shape and are move-in ready. There are very little to no repairs needed to be done and the home is clean. We do show foreclosure properties, short sales, REO’s, and rehabbers to potential new home owners, too, as everyone appreciates a bargain. However, sometimes when they enter some of these homes, they realize WHY they are such a bargain. Investors are typically dispassionate about a home and look at it as a numbers proposition. Homeowners, especially first time homeowners, are emotional about their home and often would prefer to not see it in the shape that some of these foreclosures are in. But, if you want to take that step, we’ll help you. There are also many opportunities in this marketplace for savvy investors to pick up multi-family and tenant occupied single family short sales and foreclosures. If you're intested in exploring these opportunities, please click here to contact us: terri.h@kw.com

To see a daily updated list of foreclosures in the D/FW metroplex, go to: http://www.hayleynewhomes.com/DFW_20_Foreclosures.html .