On this website you will find information about properties that we own or that we service for other lenders, and the status of those assets. The VA program is one of the few remaining no-down payment programs in the market. In the case of foreclosure, the mortgage company retains all rights to proceeds from a sale or auction. The foreclosure hammer also recently fell on an Addison home valued at $1.5 million, a North Dallas house valued at nearly $870,000 and a Coppell property worth about $430,000.
To further my point, even if all of the foreclosures that are currently bank-owned homes all hit the MLS today in this Georgia county, foreclosures would still comprise less than 10 percent of total inventory in the market, compared with peaks as high as 30 percent to 40 percent a few years ago.
If it’s a short sale situation, the owner’s lender has to approve the deal and that can take a while, as mentioned earlier. On the national stage, Warren has been outspoken about the dangers of home foreclosure. The total of 3,583 homes facing foreclosure in Tarrant, Dallas, Denton and Collin counties is the highest since 1989, according to the Addison company.
No public records could be found elaborating on the events that led to the foreclosure of their home. In the wake of the 2008 housing crisis, opportunistic investors swooped in with hopes of profiting on tens of thousands of blighted homes across the country.
Harbour, city lawyers said, has been selling substandard” homes to buyers in Cincinnati who often default on the contracts because they cannot pay for the repairs or keep up with the monthly payments. Dishonest companies or individuals sometimes target homeowners who are struggling to meet their mortgage commitment or are anxious to sell their homes.