Posted Addison Texas Foreclosures for October, 2011.
Addison, Texas has not been as hard hit with foreclosures as other parts of the country, but foreclosures do exist here. The Dallas County foreclosure auction is held the first Tuesday of each month. Below is the only Addison Texas property posted for the October 4th, 2011 foreclosure auction at the George Allen Courts Building:
- (Condo) 5055 Addison Circle #428, built 2000, 1949 sq ft - Aventura Condominiums - listed on the Dallas County appraisal district website at $257,270 for 2011
This is the first time in recent memory when there is only one Addison property posted at the courthouse for foreclosure the following month. Let's hope this means that we have found the bottom of the market and are on the way up!
If you think you might be interested in purchasing a property at the foreclosure auction, I suggest that you attend the auction for a few months, learn the procedure, and do your research about any property you might want to bid on. Trustees representing multiple banks sell at the same time. It's quite an interesting process. Only about 5% of the posted properties sell. The rest are taken back by the banks and may eventually be listed through real estate agents. It is usually the properties with lots of equity that sell at the courthouse.
In reference to Court Order 2009-0463 all Dallas County foreclosure postings and sales will take place on the north side of the George Allen Courts Building, facing Commerce Street, below the overhang, or as designated by the County Commissioners.
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