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Friday and Foreclosure Tips for the Bottom Feeders


The banks seem to be having a problem evaluating their real estate holdings.  They packaged many properties together and it’s so complicated for the smart guys to figure out.  Well, it’s not too hard when you take a single property and run the comps (market value) and take a look at tax records (assessed value) and go 30% to 50% below that.  That’s what you should be buying a foreclosure for in a normal market but since it’s not normal, the foreclosure tip today is to find out if a property is priced appropriately against the value of other homes.  If the foreclosure is priced normal retail – think twice about submitting a low ball offer – you’ll be wasting your time until the lenders price properties what there really worth – I guess when smart people lose money they go dumb too.  Dallas Foreclosure link is updated above and includes zip codes: 75205,75225,75230, 75229,75209,75201 and 75204 which are – Park Cities & Vicinities, North Dallas, Intown & Uptown.  Banks are trying to sell real estate but not doing a very good job…

About Terry W. Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite & know stuff, ask me...

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  1. […] One possible mortgage program available to new homebuyers looking to take advantage of one of these Dallas foreclosures is the FHA 203k Rehab […]

  2. […] One possible mortgage program available to new homebuyers looking to take advantage of one of these Dallas foreclosures is the FHA 203k Rehab […]

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