Posted Addison TX Foreclosures for March, 2011

By
Real Estate Agent with United Real Estate TX #0552717

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. These are the Addison Texas properties posted for the March 1, 2011foreclosure auction at the Dallas County Courthouse:

Type Street Number Address Subdivision
Single Family 17101 Vinland Addison Place
Single Family 17119 Upper Bay
Addison Place
Office Building 16775 Addison Rd.
 
Hotel/Motel 14315 Midway Huie Addison
Condo 5055 Addison Circle
Aventura
Office Building 4355 Excel Parkway
Westgrove/Bent Tree Plaza
Office Building 16301 Quorum Parkside Corporate Center

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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United Real Estate
972-416-3417

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