Posted Addison TX Foreclosures for September, 2011

Real Estate Agent with United Real Estate TX #0552717

Posted Addison TX Foreclosures for September, 2011.

Addison, Texas has not been as hard hit with foreclosures as other parts of the country, but foreclosures do exist here.  The foreclosure auction is held the first Tuesday of each month. These are the Addison Texas properties posted for the September 6th, 2011 foreclosure auction at the George Allen Courts Building:

  • (Condo) 15834 Breedlove Pl. #146, built 2005, 2/2, 1820 sq ft
  • (Townhome) 4102 Oberlin Way, built 1998, 3/2, 1826 sq ft
  • 4130 Proton Dr. #44A, built 1985, 3/2, 1473 sq ft

If you think you might be interested in purchasing a property at the foreclosure auction, I suggest that you attend the auctionAuction 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.

Posted by

Lorrie Semler, e-PRO, GRI, SRES, CPRES, CRS
Addison Resident/Addison Specialist                                                      Subscribe Button
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Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

yes they look so nice but Foreclosures are such tough on to stomach.

Oct 19, 2011 04:08 AM #1
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
United Real Estate - Addison, TX
Real Service. Real Results. Real Estate

Paul: Most posted foreclosure homes do not sell at the courthouse.  The bank ends up taking back the properties when no one bids as much as the bank wants.  Then the bank lists them with an agent.

Oct 19, 2011 04:31 AM #2
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Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

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