Posted Addison Foreclosures for October, 2010

By
Real Estate Agent with United Real Estate TX #0552717

Posted Addison Foreclosures for October, 2010

Addison, Texas has not been as hard hit with foreclosures as other parts of the country, but foreclosAuctionures do exist here.  The foreclosure auction is held at the county courthouse on the first Tuesday of each month.  Properties on the following streets are posted for the October 5, 2010 auction and include:

  • Hotel/Motel - Midway Road, Addison
  • Townhouse - Breedlove, Townhomes of District A Subdivision
  • Townhouse - Morris, Townhomes of District A Subdivision
  • Single Family Home - Brookwood, Grand Addison Subdivision
  • Single Family Home - Princeton, Grand Addison Subdivision
  • 2 Single Family Homes  Upper Bay, Addison Place Subdivision
  • Single Family Home - Vinland, Addison Place Subdivision
  • Single Family Home - Oaks North, Oaks North Subdivision

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.  In Dallas County, the auctions are in the basement of the courthouse and 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.

Posted by

Lorrie Semler, e-PRO, GRI, SRES, CPRES, CRS
Addison Resident/Addison Specialist                                                      Subscribe Button
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