A few months ago a company contacted me to help them auction off foreclosures for several of their clients. If they have any houses for me, they fax me the details and paper work on Wednesdays and I auction off these foreclosures in the Dyer county courthouse on Thursdays. Most of these properties have been financed with B-paper mortgages(originated by national out of town mortgage companies). All of our local banks have been sheltered from most of the foreclosures!

I got a call a couple of days ago from my company asking me if I can auction any day of the week as they are going to be working with a new much larger client who needs to auction several properties coming up.

Our Dyersburg real estate market has turned the corner as pending are up,new listings are up and the number of homes sold is also up. I am confident the new foreclosures will not have any adverse affect on our market.

 

 

Mike Frazier Broker/Owner

Carousel Realty Cell# 731-589-7841

Destin,Florida Vacation Rental on the Beach

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7 Comments on We are not out of the real estate foreclosure woods here in Dyersburg Tn just yet!

AUG
15
2008
439,991 Points 2 Featured Posts Outside Blog Called Shot Master

Hello Mike~  I was just thinking about you and wrote a comment with your name in it!  Glad to see that your area market is getting better every day! 
1:48pm • #1
647,026 Points 8 Featured Posts Outside Blog Called Shot Master

Thanks Vickie, haven't seen you around for a couple of weeks!
1:52pm • #2

Sounds like things are picking up in TN! Stay positive.
2:02pm • #3
647,026 Points 8 Featured Posts Outside Blog Called Shot Master

Nathan,

We are doing better in Dyersburg.
2:04pm • #4
1,343,734 Points 192 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Mike, I hope things continue to be positive for you in the Dyersburg area.
3:58pm • #5
647,026 Points 8 Featured Posts Outside Blog Called Shot Master

Gary,

Has the Dallas market turned yet?
4:01pm • #6
1,343,734 Points 192 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Mike, I would say our market is still stuck in neutral. July and August have actually been slower than June, and year over year in my "specific" maket sales are down 19%. Buyers are still at a premium here with increased foreclosures and excess builder inventory. I know Donald Trump says now is the time to buy, but it has been the time to buy for about a year. I wouldn't say exactly that we are at the bottom of this cycle in our market yet till I see an uptick here in August or September. It still feels pretty soft to me.
4:08pm • #7


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Mike Frazier, Dyersburg Tn Real Estate (Carousel Realty of Dyer County) Ambassador_large

Mike Frazier, Dyersburg Tn Real Estate

Dyersburg, TN

More about me…

Carousel Realty of Dyer County

Address: 1021 E. Tickle Street, Dyersburg, Tn, 38024

Office Phone: (731) 285-2277

Cell Phone: (731) 589-7841

Email Me

The purpose of this blog will be to discuss the market conditions in the Dyersburg Tennessee area of west Tennessee. There will lots of useful information for buyers, sellers, bankers and other users of Dyersburg real estate information. I will also often quote other professionals. Follow MikeFrazier-Dyersburg homes on Twitter


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